2019 | How to deal with setbacks

12-02-2019 | The Blog Series

How to deal with setbacks

As a business that provides human resource solutions, we speak with many people on a personal level. In doing so, we hear all of your stories, experiences and thoughts on a variety of topics. One of the topics that we often encounter is setbacks and how to deal with them effectively.

First of all, we have to accept that setbacks are a part of life and nothing can change that.

However, how you deal with them is up to you. Those of us that can deal with setbacks in the correct manner can differentiate themselves from the crowd and this quality can help you achieve your goals more efficiently.

To help you develop a mindset that benefits from setbacks, we have put together a list of essentials that will enable you to deal with (almost) every setback painlessly.

1. Expectations

Setbacks are bound to happen, personally or professionally.

When you realise that setbacks will occur and that they are a part of the game, you are already a step ahead and more mentally prepared for any negative outcome.

Even though this tip seems limited, it is worth mentioning that by not being ready for disappointment, you may be setting yourself up to fall even harder. This disruption can have extremely negative effects on your future willingness to go out on a limb for your dreams.

2. Don’t linger.

It’s okay to be disappointed, this is natural, but don’t let yourself linger over failures. Unsuccessful people waste time nagging and blaming circumstances, while more successful individuals tend to focus on what they can control. If you’d like to set yourself up for success why not try the following:

  • Use the energy of disappointment to drive your desire for success. When analysing your setback, try to keep the focus on how you can improve instead of dwelling on what happened in the past.

When entrepreneurs start new businesses, they learn the most essential lessons through failures, but their willingness to learn make these mistakes develop their abilities to lead a business.

“ A little more persistence, a little more effort, and what seemed hopeless failure may turn to glorious success.” – Elbert Hubbard

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3. See the future

The only thing you can influence is the future. The past is gone, and so is its pains. The “What next?” mindset of successful people drives them to take the first step to the next success. Always think one step ahead rather than staying stuck in disappointment.  The first step after failure if often the hardest, but also the most important.

“Baby steps count, too, as long as you’re moving forward” – Chris Gardner

4.  Don’t overthink

A change in direction can be quite staggering when a setback hinders your (long-term) goals. There can be added pressures and decisions that you have to make which often lead to stagnation instead of flow. This is called analysis paralysis, the state of over-thinking about a decision to the point that a choice never gets made.

This is a common issue that is holds many people back and restricts their ability attain certain goals. To avoid this happening in the future, ask yourself: “What can I do now, tomorrow or next week to make progress?” Start from there and see what it evolves into.

What do you think of these 4 tips? Do you have any to add?

Have you read our blog about the most important FinTech trends in 2019?

About PaymentGenes

PaymentGenes is the leading global Payments & FinTech business services firm. Our team offers a unique style of personal service in recruitment and consultancy, enabling your business to grow. Learn more about how we can help your business here.