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Turning Entrepreneurial Failures into Success

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Teresa Heath-Wareing on The Entrepreneurial You Podcast

Have you experienced failure? I guarantee you are not alone but, there is always a way to make a comeback, and today’s guest Teresa Heath Wareing is going to share with us some tips on “Turning Entrepreneurial Failures into Success.” 

Here are three reasons why you should listen to the full episode: 

  1. Listen to  Teresa share her own story of triumphs and failures that lead her to success. 
  2. Hear strategies on how to manage failure and success in business. 
  3. Understand how to make the best of failures to turn them into success. 

 

Episode Highlights

Teresa’s Journey 

  • Teresa shares her unconventional journey to entrepreneurship as personal life experiences left her with no options but to figure out how to use her skills to make money. 
  • Teresa shares that even though she is not exactly sure how she made her monthly targets, she hustled by networking and showing up in the appropriate places at the right time as an investment for herself and her business.
  • Teresa shares that the need to provide for herself and her family motivated her the most when she started her business because her main goal was making money. However, as she continued the journey, she learned more about the boundaries of business and the things that mattered the most. 

 

Missteps along the way

  • Teresa explains that while she was well experienced and knowledgeable about her area of focus, one of her main missteps was incorrect pricing. She shares that she didn’t understand her value in her start-up stages and this resulted in people not believing in the quality of work as they thought that the prices were too low to be true. 
  • Teresa shares that another major misstep for her was the mindset she had. She explains that her previous experience in the corporate world encouraged hard work and didn’t give much attention to personal and family life. However, becoming an entrepreneur made her discover the importance of confidence, drive, and determination. 
  • Teresa shares how coming to the revelation that she was every part of her business made her realize how important having the right mindset was to its overall function and efficacy.  

 

What defines success or failure?

  • Teresa explains success and failure are purely dependent on someone’s personal goals. 
  • She shares that one of the tools she uses to help her define or measure her success is goal setting. She explains that it gives you something to measure by so you will know whether or not you succeed or fail at a particular goal.  
  • She also explains how a personal experience taught her that changing her mindset when things don’t work in her favor can help her learn valuable lessons. 
  • Teresa also shares that creating an action plan is also helpful for business owners to become successful. She explains that action plans help you figure out what works, what doesn’t, and what needs to change. She explains that by achieving one action, you are one step closer to achieving your goal.
  • She also shares that sometimes things don’t always work out as we originally intended. However, we should count the outcome as a lesson and use it as an avenue to try a different approach and trust that things will work out. 

Greatest Lesson Learnt from Failure 

  • Teresa shares that her greatest business lesson was learning to appreciate the value of small numbers.
  • She shares how important it is to love the people who support you and treat them well because that will affect the growth of your business. 
  • Teresa says entrepreneurs should not let fear stop them from going after the things they want the most. 

4 Powerful Quotes from This Episode

“Someone else’s success could be someone else’s failure.”

“It’s either you win, or you learn.”

“Think about what’s the worst that could happen and just go ahead and do it. “

 

About Teresa Heath-Wareing 

Teresa has her own online business and is an award-winning international speaker & TEDx speaker who has spoken on some of the world’s most amazing stages and is the host of the popular weekly podcast ‘Marketing that Converts.’

Teresa is now recognized alongside some of the world’s social media & digital marketing thought leaders and is widely regarded as one of the United Kingdom’s leading Marketing influencers.  

Curious about Teresa’s work? Check out her website.  

Have specific questions? You can reach out and follow Teresa on LinkedIn, Instagram, Twitter  and Facebook

Enjoy this Podcast?

You have to know and understand your worth. You have to believe in yourself above all else.  If you enjoyed today’s episode of The Entrepreneurial You, hit follow and share it with your friends!

Have any questions? You can contact me through email (henekawatkisporter@gmail.com) or find me on Facebook, Twitter, Instagram, and LinkedIn. Thanks for listening!

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Stay inspired,

Heneka

 

 

Dive into the latest episode of The Entrepreneurial You podcast, where we uncover the transformative power of mentorship and coaching with our esteemed guest, a seasoned entrepreneur whose early setbacks paved the way for enduring success.

**Learning from Setbacks: The Mentorship Advantage**

– Early Struggles: Our guest reflects on the initial challenges faced when starting alone and the realization that solo efforts led to regression rather than progression.

– The Mentorship Turning Point: Discover the pivotal moment when our guest embraced the need for guidance and how this decision became a cornerstone strategy throughout their entrepreneurial journey.

– Navigating Transitions: Learn how seeking out mentors and coaches with each new venture or career shift can safeguard against significant pitfalls and foster triumphs.

– The Role of Mentorship in Success: Gain insights into how the right mentor or coach can accelerate your path to success and help you avoid the missteps that can hold you back.

Connect with today’s guest and find a mentor who can help steer your entrepreneurial ship towards success.

Closing Thoughts:
Thanks to our guest for sharing their journey and mentorship’s invaluable role in their achievements. To our listeners, remember that you don’t have to go it alone; mentors can be your compass to success.

Stay tuned for more episodes of The Entrepreneurial You and embrace the collective wisdom that can drive your business forward.

Affirmation:
I seek wisdom and guidance, harnessing the collective experience to fuel my entrepreneurial ascent.

For more information and resources from today’s episode, visit our website at henekawatkisporter.com. Engage with us on social media; we’re active on Heneka Watkis-Porter.

Remember: Stay engaged, stay entrepreneurial!

Picture of Author: Heneka Watkis-Porter
Author: Heneka Watkis-Porter

When I'm not podcasting, speaking, coaching or hosting first-class conferences (think Leadercast & She Leads co-founded with the Jamaica Stock Exchange), I'm passionate about helping women thrive and walk in their God-given purpose through Grace to Grow Mentorship and Training.

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