The first rule in business is to learn how to accept rejection. Sure, handling rejection from a potential investor is very difficult but it is something that you have to learn. There are good and bad ways of handling things. People sometimes handle good news in the worst possible way and ruin it for themselves. Thus, it is pretty obvious that handling rejection can be excruciating. However, that is part and parcel of business.
The Worst Way of Handling Rejection
Frustration. This feeling comes very easily when you are rejected but this is the very feeling that has the potential to ruin you. Feeling frustrated especially after a couple of rejections is very easy and it comes almost naturally. But you should remember that this is the worst thing you could do to yourself and your business. Frustration will only lead to total burn out. It will hamper your thinking prowess and you won’t be able to do anything henceforth.
Here are excellent tips that you should follow when you are feeling overwhelming frustration due to rejection:
Don’t take it Personally
Remember that rejections don’t come solely because your idea is not good enough. May be the firm you applied or pitched to isn’t good enough! Many firms are also picky because they get plenty of offers. That doesn’t mean that all the ideas they reject are worthless or are not up to the mark.
Thus, there is no need to take a rejection personally. Instead, you should try understanding the market you are in so that you get an idea about where you should pitch. That will reduce chances of rejection.
Some business owners go all out and vent on social media. It is not unknown for people to vent out on Twitter. May be that helps but you shouldn’t really publicize your feelings like that, according to me. Instead, you can turn to your family and trusted friends for some comfort. Show them your feelings and let them know what you are going through. Their comforting shoulders will help you calm down.
There is always a silver lining, even if it is hard to see. Handle the response gracefully and you will be able to build a subtle but strong relationship with the company. You will be able to keep in touch and may be in the future, doors will open for you. You can keep updating the company about your progress and even ask for advice may be!
Rejections don’t always have to be bad. It is your perception that needs change.
One rejection is fine. Two are probably okay but multiple rejections can really set you off, disappoint you, and frustrate you. However, you have to understand that these things happen and that frustration will do you no good. Instead of losing your cool you should try being graceful about it and building a relationship so that there is always a chance.