Boyd Parker Shares Three Powerful Ways to Build Resilience in Business

Serial entrepreneur Boyd Parker understands that in the business world, resilience is a much-needed trait to achieve long-term success.

It is commonly revealed that those who have found success often have an incredible reserve of resilience to preserve and build skills and business through all manner of setbacks and hardships that all entrepreneurs face. 

One thing to understand is that resilience is not an inherited trait. Instead, like many acquired traits, it is learned through one’s own environment, practiced, and built up over time into a stronger form of its former self. Resilience is a choice to persevere when times are tough. It is the unwillingness to back down and to stick to meeting long-term goals or a set of short-term goals.

Resilience is not a fixed personality trait. Mr Parker has coached entrepreneurs who have implemented strategies to ensure that their businesses build a number of qualities that can help them become the entrepreneurial heavyweights of the future. At the top of this list, resilience is the core concept that the business owner tries to develop among their mentees. 

As it happens, life occurs as a series of ups and downs, and a very human aspect is for people to see the things that have gone wrong rather than those that have gone right. In this case, building business resilience is key to overcoming such hardships. In the business world, where failure can be frequent, resilience is a necessity for success. For these reasons, Boyd Parker sees it as paramount that entrepreneurs adopt a culture of positivity which encourages resilience. Through his dedicated mentorship schemes and early morning tutorials, the entrepreneur is able to instill in their mentees the motivation to find personal goals and ideas to achieve their own desires.

Boyd Parker provides three examples of how resilience can be built:

1. Grit can be learned
   Professor Angela Duckworth conducted extensive research on grit, described as the passionate pursuit of a long-term goal. Her research revealed that resilience is a willingness to keep trying after others have given up. It is a question of stamina and can be built, much like training for a marathon.
2. Put off perfectionism
   Perfectionism and resilience do not mix well. Failing and making mistakes is the only way to improve and find greatness.
3. Focus on process, not always results
   A student mindset is important, as being hyper-focused enough to solve problems and continue improving solutions will enable a person to achieve their goals. The trick is to play the long game and see incremental improvements that can create a stunning difference in the long run.

Boyd Parker holds resilience as something fundamental to his values and wishes the characteristic to be developed in all developing entrepreneurs he works with. In times of uncertainty—whether political, social, economic, or technological—resilience is a much-needed attribute for those who strive for success in an increasingly challenging and competitive business world.

Source: https://www.entrepreneur.com/article/300568

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