Why and How to Develop Resilience as an Entrepreneur

Why and How to Develop Resilience as an Entrepreneur

Resilience – the ability to either overcome challenges or bounce back from setbacks – is huge in the world of startups.

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As the CEO and co-founder of a growing company, I’ve learned that many entrepreneurs face similar challenges, such as finances and building business relationships. I’ve also learned the hard way while building Voices.com that there’s no way to avoid these challenges.

If someone had told me early on that I’d be challenged in these areas, I would have been able to identify these issues not as problems, but as tests that would make my company stronger. To help others working on their own entrepreneurial journeys, I wanted to offer some seasoned advice from two challenges I faced and how I overcame them. 

Overcoming Financial Challenges

Money is the often the biggest challenge you face as an entrepreneur, as there is more depending on money than on anything else. Your own name, debt and general state of finances are tied to those of your startup. This is true for anyone who also has a stake in your company, which magnifies the scale of the challenge.

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David Ciccarelli is the co-founder and CEO of Voices.com, the online marketplace that connects business people with professional voice over talent. The unique blending of his audio engineering background with business savvy and product development afforded David the creative freedom to pursue his passion for innovation.

BusinessCollective, launched in partnership with Citi, is a virtual mentorship program powered by North America’s most ambitious young thought leaders, entrepreneurs, executives and small business owners.