Entrepreneurs are often described as determined people, capable of enduring trials and getting back on their feet after failures.
According to psychiatrist Boris Cyrulnik, one out of every two people suffers trauma over the course of his life. Faced with this significant probability, individuals have two choices: either they perceive their trauma as an insurmountable obstacle, or they find the power to turn it into a springboard for life. We call resiliency this ability to look toward the future despite an unsatisfactory past. Boris Cyrulnik is the one who developed this theory.
The professional world is a world full of pitfalls: there are constraints, firings, competitiveness, stress, etc. Careers are long and require questioning, steps backward, and drastic decisions. Generally, entrepreneurs are individuals who are unsatisfied living the life of an employee. These circumstances in the company challenge their own identity and push them to want to change.
By becoming entrepreneurs, they’re now responsible for their professional destiny.They choose their constraints, the people around them, and the market they deal in. Becoming an entrepreneur is thus a way to get out of a frustrating routine, which is why entrepreneurs are known to be resilient by nature.
“Resilience is the art of sailing in raging waters” – Boris Cyrulnik
However, just because the individual is an entrepreneur doesn’t mean he’s free from failure. Indeed, according to economist Bernard Van Praag, 50% of new businesses don’t make it to the end of their third year. Thus, if entrepreneurs are resilient by nature, they must also prove their resilience for their entire careers. This quality will allow them to bounce back (resilio in Latin) after difficult times.
This logic is essential for the rise of the entrepreneur. In no case should he insist on wasting time, money, or energy continuing headlong with projects destined to fail. If he accepts failing, it’s because he feels he can bounce back, even if he has to go back to square one. By acting this way, he’ll know how to make good decisions in due time and minimize painful consequences.
These experiences will also allow him to be more realistic about the feasibility of his projects of the external factors that come into play in his activities. Accepting failure, understanding the reasons for it, and getting back to business despite the wounds is a form of resilience. This maturity grows the entrepreneur and give him the power to always take pleasure in his projects. As Yona Shtern, creator of Beyond the Rack, explains, “we have a philosophy: fail small and fail fast, and use those learning points to improve.”