At the start of any day hitchhiking, there’s always a feeling of nervousness. It typically happens just before you stick out your thumb or hold up a sign.
This is the moment of truth. You’re declaring your presence and your reason for being to all passing motorists.
On average, I reckon I would wait about 25 minutes for a lift. On a busy road, this meant a hell of a lot of vehicles passed me before one stopped. But when you are the exposed solo hitchhiker seeking that single lift, the cars don’t just pass you, they reject you! And after a while, it can hurt.
But whilst many people gave me and my thumb the ‘thumbs down’, hitch hiking meant I faced up to rejection and learnt that the rejection process is ultimately a route to success. And it’s the same for the entrepreneur; you are rejected way more than you are accepted, especially in the early years.
In the formative weeks and months of the first agency business I started aged 23, I went to countless meetings with ideas and proposals; but very few people wanted to buy and sometimes not even listen. Failure to win work frustrated and dejected me but friends and advisers said not to take it personally and to persevere. Thankfully the occasional success kept me going and gradually the ratios improved.
Of course, no one likes to be told ‘No’ and therefore we are attuned to avoid it. And this behaviour is right at the heart of why many start-up businesses fail.
All businesses must sell to survive. This necessarily means spending time meeting new people and putting yourself in situations just like the hitchhiker who is seeking a lift. Unfortunately, fear of rejection cripples many people because they find it difficult and/or sometimes impossible to put themselves on the line with others. The result of course is no chance of a sale or insufficient sales. Either way the business ultimately dies.
No one has sold every time. Some of the most successful business people in the world have experienced the most rejection. Likewise, no hitch hiker has thumbed a lift with the very first car every time and the best travelled hikers are the ones who don’t give up. Important entrepreneurial qualities include a thick skin, perseverance and self-belief.
However, rejection is often accompanied by feedback and it’s crucial to take on board what people say in order to improve the chance of future success. Listening and acting on advice means your products/services have the opportunity to improve; and as sales increase so rejection ratios improve.
Finally, if you know you are bound for entrepreneurial life, my final suggestion is to find and attend an excellent sales training course. For reference, advice provided by the Sales Training Consultancy helped me a lot.
Unfortunately, sales has a bad name because most people who sell don’t receive quality training and/or think that sales is what a suited man does in a car showroom. A good course will help you to understand people and how to approach and handle sales as well as rejection. As a consequence you will be better able to start and grow your own business.
Key Learning Points: Rejection is part of entrepreneurial life. Whilst we don’t like being told ‘No’, you have to embrace it to succeed as an entrepreneur. Persevere & learn to improve business prospects & develop self-belief through the experience.