Sunday, 24 January 2021 05:40

3 reasons why rejection is an entrepreneur’s best friend

Rate this item
(0 votes)

When you hear the word "no", don't take it personally. Instead, embrace it and improve.

No one likes to hear the word "no" when they have goals they are looking to accomplish. Whether it's raising capital for your startup and the investor says no to your proposal you spent months working on, or you're looking for press and the journalist declines your pitch, the denial can sting.

But, if taken with the right mindset, "no" can be your best friend. Especially for us entrepreneurs, here are 5 reasons why you should embrace when people turn you down:

It forces you to go back to the drawing board, or at least consider it.

When you get that rejection, your first instinct is to fight it. Unfortunately, that's a mistake so many entrepreneurs make. It happened to me this week when I posted about an upcoming article and asked for recommendations of startups to research. I got hundreds, but some were totally irrelevant. When I told one sender that, they got defensive and argued with me about why I passed on their idea. That is the wrong reaction. Instead of fighting the "no", embrace it and figure out why that's the answer you got.

As many people have said, when you fail and learn from your failure, then it is not a failure at all. If someone tells you your story is not interesting enough for them to cover, then it's time for you to sit down and come up with a more interesting story. Every rejection should teach you something and make you more capable of getting a "yes" the next time around.

It can become a catalyst for a pivot.

The hardest thing to do for an entrepreneur is to pivot. This person is presumably very passionate about their venture, otherwise they wouldn't have started it. So to pivot and abandon your plans is never easy, but if there is no demand for what you're building, it might be time for a pivot and getting rejected might help you realize that.

It brings in an objective unbiased opinion.

The last thing any entrepreneur wants to be surrounded by is "yes men" who encourage everything you do even if they don't really believe it will succeed. The most important thing is to get objective opinions on what you're building. When someone says "no" to you, you know they're objective and you can take their feedback seriously.

While it may not be fun to hear the word "no" as entrepreneur, it might be the important most word you'll hear along the journey of building your business. Embrace it and learn from it. It'll only help you in the long run.

 

Inc

June 24, 2025

Oil prices fall to over one-week lows as Trump announces Israel-Iran ceasefire

Oil prices tumbled on Tuesday to their lowest level in more than a week as…
June 25, 2025

Tinubu’s controversial biography reignites as Atiku disputes claim of Belarusian ‘schoolmate’

President Bola Tinubu’s already controversial academic record has come under renewed scrutiny following his recent…
June 23, 2025

The reason even successful people struggle to get out of bed some days

Sometimes after a long, productive day, I only have the energy to scroll on social…
June 21, 2025

Man convicted of posing as flight attendant to fly for free 120 times

A 35-year-old American man has been found guilty of impersonating a flight attendant at least…
June 25, 2025

Over 40 security operatives killed by bandits in Zamfara, Daily Trust reports

One of Nigeria’s most notorious bandit kingpins, Kachalla Bello Turji, reportedly killed more than 40…
June 25, 2025

Israel Vs Iran: Here’s what to know after Day 12

Fragile ceasefire holding, Trump envoy says peace talks with Iran 'promising' The ceasefire brokered by…
June 25, 2025

Tesla robotaxi launch: Why getting from dozens to millions of self-driving cars won't be easy

Tesla (TSLA.O) finally has a robotaxi. Now comes the hard part. The electric-vehicle maker deployed…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.