HOW TO DEAL WITH REJECTION IN BUSINESS
Rejection in business is an outcome entrepreneurs or business owners should learn to live with. True, it can be a tough one to accept, however, it is inevitable in business. Why? It’s simple. You cannot satisfy everyone. Rejection can be most devastating especially when you have put all your hopes on a positive outcome from a “trusted” source and then you end up with a NO for reply. Do not beat yourself, it happens to business owners.
It is worthy to mention that if you do not want to experience rejection as a business owner, you need to accept that you are not ready for growth and your only way out is to stay within your comfort zone forever because rejection is a real part of everyday business.
It could come in many forms such as customers declining your product or services, suppliers not willing to budge on terms, your articles being rejected by a client, customers giving a bad review on your product or service, bank saying NO to financing your business, team not cooperating with you etc.
The question now is – How does one deal with rejection in business?
Usually, the difference between a business owner who deals with rejection successfully and another who fails is mindset and attitude. One of the first steps to dealing with rejection in business is to understand that rejection is the way to growth in your business and personal life as it helps you unveil your weak spots; making you more aware of your business and from there, you grow ultimately.
Below are ways in which you can deal with rejection:
1) Ask the right questions: This is necessary because by simply asking why, you can figure out why the rejection or objection exists and sometimes by dealing with the issue at hand promptly, a no can turn into a yes in no time.
2) Expect it before it comes: when you expect rejection before it happens, chances are that you will deal better with it better mentally, psychologically and emotionally when it does happen. This does not mean you should carry a defeated mindset, the motive here is to encourage yourself to do your best while being prepared to accept the worst.
3) Don’t waste time on difficult persons or haters: Most definitely, not everyone will like you or your business either due to personal or business reasons. However, there are certain people who will reject you or your business because they hate what you do. Here are quotes from Pat Flynn which should help you better deal with them:
“Every second you spend with a hater is a second not given to those who need you” – Pat Flynn
“Haters are gonna Hate” –Pat Flynn
Sometimes people are just out-right unreasonable and there is nothing that you can do to change that. If you have done everything you possibly can then you will just have to accept it as a simple part of doing business.
4) Don’t make it personal: the fact that someone rejected your product or service does not mean you are the rejected. The reality is that your product or service was unable to satisfy your customers hence the need to ask the “why” question to better serve them. Don’t let rejection make you feel incapacitated at any point.
5) Stay focused and learn from the experience: Remain inspired and don’t let rejection make you lose your passion or make you feel not up to standard. Let your focus of control come from within and ensure you learn from every rejection experience as it is supposed to make you progress and not regress.
Successful entrepreneurs are not defeated by rejection. Instead, they learn from the experience and use it to develop their businesses.
STEP: HOW TO DEAL WITH REJECTION IN BUSINESS
Explain that rejection is a very real part of everyday business, it comes in many forms, such as customers declining or services, to suppliers not being willing to budge on terms. List various situations where rejection can be seen or felt. Furthermore, explain that usually simply by asking why, you can figure out why the rejection or objection exists and sometimes by dealing with the issue at hand a no can turn into a yes.
Explain that sometimes people are just out-right unreasonable and there is nothing that you can do to change that. If you have done everything you possibly can then you will just have to accept it as a simple part of doing business.
Every second you spend with a hater is a second not given to those who need you. –Pat Flynn
Haters are gonna Hate. –Pat Flynn
Says BOO to product or service.
Says NO to terms.
Says NO to financing.
Haters: I don’t know the key to success but the key to failure is to please everyone. You are on the right path.