Entrepreneurs do not fall from the sky but they build skills of entrepreneurship within them. To be an entrepreneur, you have to...
think in a different perspective. These are the questions that you may be asking yourself.
1. Am I Being Rejected?
Success gurus love to tell you to never take rejection personal. While this a good mindset to have, sometimes it is personal. There have been many products and ideas that were amazing. When individuals were turned down, it wasn’t because their idea sucked like some would assume.
Sometimes it happened to be the actual person that the client didn’t have faith in that made them decline their business offer. If you want to grow through life, you should always ask yourself a vital question when being rejected. Ask yourself, “Am I being Rejected?” Impressions are everything.
Sometimes prospects may doubt your capabilities based on the impression you made while giving them your pitch. If you suspect this is the underlying reason for your rejection, think about how you may have come off. Did you seem confident, nervous, Inexperienced, or untrustworthy? Reflect on these things, work on self-development, and make necessary changes.
2. Was My Idea Rejected?
Another common reason you’re rejected is because of your idea which is quite common. Whatever story that you told or vision you attempted to cast didn’t resonate with the person on the other side of the table. They don’t see what problem it would solve.
In most scenarios, when this occurs, the person sitting across from you will tell you exactly why they don’t believe in or want to buy your product/service. Maybe they didn’t see a market for it or the idea was too complex. Either way, if your idea is the cause of the rejection, go back to the drawing board and make changes based off feedback and questions that were asked during the meeting.
3. Was My Price Rejected?
Unfortunately, there are many businesses and individuals who make choices on price alone, without considering anything else. Of course, I would argue this is a bad way to go about business because you miss opportunities that can help you grow, but it happens. I recently pitched ECommerce web development to 2 start-ups and they absolutely loved my proposal!
They were super excited to get things started, and they had faith that it would work. However, once I gave my presentation and gave them two options for pricing, the entire tone of the conversation changed. They both stated they would get back to me after they look at their ‘budget’ and of course neither one kept their promise.
4. Do i need to make some changes?
The most important thing to remember is to be flexible. Sometimes, a rejection is a blessing in disguise because it allows you to improve an idea or fine-tune your business pitch. Don’t attach yourself to the answer because it will only invite negative feelings. Focus your attention instead on how to get a positive answer.
5. Is Rejection inevitable?
There will always be people who will say Yes and there will be people who will say No. Rejection is a common thing in business. Don’t let a single “No” put you down and hinder your plans.
Although rejection may cause a temporary setback, remember that all these challenges will come to pass and you have so much future ahead of you.