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You learn by doing, and by falling over.

We think that Richard Branson’s words of wisdom are particularly fitting for anyone who runs their own business. Throughout the journey, you wouldn’t have had everything go to plan. Business owners face many obstacles and many setbacks from being refused finance from a bank, a poor marketing campaign, or a faulty product.

The important thing is not that these obstacles happen, but how you respond to them and learn from them. If the marketing campaign is underwhelming, then it is about learning which aspects went wrong and which went right, in order to ensure that the next campaign will be successful. And if your first point of call for finance says “no”, it is about exploring the other avenues which might be available to you to raise the funds you need to grow your business.

So whatever obstacles you face along the way, be sure to take them on the chin and pick yourself up again.

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