If you’ve chosen to pursue an entrepreneurial lifestyle then one thing is certain: failure. Not every project you pour yourself into is going to succeed.
Failure is an acquired taste though, and just knowing academically that failure is good doesn’t always help to dull the blow when it does finally come your way.
I’m stoked have Barrett Brooks on the show today to help us out. Barrett is at the perfect place right now to share some wisdom about moving on from a “failed” project after he recently shut down Living For Monday after two years in business.
Barrett’s experience, lessons learned, and mindset are incredibly refreshing and will give you the encouragement and tools you need to step out yourself and begin your adventure.
Barrett shares with us:
- What it was like when he knew it was time to pull the plug on his business.
- The mindset that helped him sail out of that experience.
- What he’ll do differently on his next project.
Listen now: 033: Dealing with business failure and how to prevent it (with Barrett Brooks)
Rapid Fire Questions
Common strengths in Barrett’s story:
Through Barrett’s corporate career, launching and running Living for Monday, and now directing member success at Fizzle, Barrett developed his strengths of teaching and encouraging others (a common theme through each of those seasons).
One thing holding him back:
Financials. He didn’t have a lot of money starting out, and that meant he was chasing the money with his services from the get go.
One thing he stopped doing to accelerate his progress:
Barrett cut back on some fun social stuff everyone else was doing in order to pour more time into his business.
One characteristic that separates him from the rest:
He showed up every day. He picked himself and set out to do what he wanted to do every day.
One belief that fuels his journey:
Barrett believes in having a growth mindset. If you put in work, if you’re curious, and you’re willing to suffer through some of the tough stuff then you’ll continue to grow, increase in skill, and eventually succeed.
If you want to be valuable to yourself, your employer, or anyone else, then this book will help you get there.
Linchpin – Are you indispensable? by Seth Godin
- Barrett’s website (barrettbrooks.com)
- Barrett’s TEDx talk
- 50 Things I Learned from Starting, Running, and Shutting Down Living for Monday