Are you thinking about pursuing something you are passionate about? Maybe it’s a start-up, side business, writing a book, a career change, creating an app or starting a blog or podcast.
If you talked to any entrepreneur who has been chasing their dreams for some time you’d learn about something I like to call the Rejection-Redemption Cycle.
The Rejection-Redemption cycle is the emotional roller coaster ride you must survive in order to succeed in any venture.
The learning process in any new pursuit is littered with rejection. Everyone in the beginning says no to you, your idea, your product or your service. You will be rejected over and over again.
This is the Rejection part of the cycle. The negative emotions and self-talk you will have to endure during the Rejection cycle is harrowing. It pushes you to the edge. You second guess yourself constantly. You get depressed. It’s not an easy thing to endure.
But if you persist eventually someone will say yes. This is the Redemption part of the cycle. It’s exhilarating. For a short period of time you feel like you are walking on air. You feel imbued with confidence and motivation.
Until you get the next no. Then the cycle starts all over again.
The emotional ups and downs you must endure when you are pursuing a dream cause most to cash in their remaining chips, lick their wounds and go out and find a job.
According to Forbes Magazine, 90% of those who pursue a dream will, at some point, fail. According to my research, 27% of those 90% will pick themselves up, try again and eventually become multi-millionaires.
The ability to survive the Rejection-Redemption Cycle is the #1 factor of success for self-made millionaires. Adequate working capital is #2.
Seasoned entrepreneurs out there know exactly what I’m talking about. Money can always be found for the highly motivated but weathering the emotional ups and downs takes super-human resolve.
Do you have what it takes to survive the Rejection-Redemption Cycle? There’s only one way to find out.