Being self employed in itself can be a challenge however the following situations can bring you to your knees. If you have lost your good name due to many factors, this can be a deal breaker for future business. With due diligence you can remedy this setback. You may also have to deal with personal situations such as death of a loved one. This requires a lot of faith to keep pushing forward. Finally losing a heavy hitting client or even just a lack of team effort can be debilitating. You can always find a way to turn things around by being proactive in keeping your business front and center.

Key Takeaways:

  • Knowing how to work through common setbacks is an important part of being an entrepreneur.
  • For example, everyone is going to face losing your good reputation at some point.
  • Read on for common bad scenarios and how to get through them as an entrepreneur.

“Resiliency is a key component of entrepreneurship, and how we show up to these setbacks shows a lot about our moxie as founders.”

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