Herbalife Nutrition has released the results of its fourth annual global entrepreneur survey. Overwhelmingly, respondents agreed that a secret to success is resiliency and the ability to seize opportunities to learn and improve.
One of the key takeaways from the global survey revealed that 88% of respondents said, “People who want to be successful, can’t be afraid to make mistakes,” and 85% don’t believe they’d be where they are today if they stopped trying after making a mistake.
“Our annual global entrepreneur survey reveals insights into entrepreneurial life, providing key learnings as people consider becoming their own boss,” said John DeSimone, President of Herbalife Nutrition.
Herbalife Nutrition commissioned this global survey of 8,000 small business owners and employees from 15 countries, and was conducted by market research firm OnePoll.
According to the findings, 84% see making mistakes as opportunities for growth, and those surveyed reported experiencing an average of two unsuccessful ideas before finding one that worked. Of those who previously had unsuccessful ideas, 89% said they learned lessons from each one.
The survey uncovered advice that small business owners would give to new entrepreneurs including:
- Make a business plan (41%)
- Get organized (39%)
- Don’t be afraid to make mistakes (38%)
- Ask for help when needed (36%)
- Surround yourself with people who have stronger skillsets in different areas than you (26%)
Also, according to the survey respondents, the top five lessons learned from mistakes included:
- Learned how to be more productive (41%)
- Gained a better understanding of their tasks (34%)
- Learned how to prioritize (32%)
- Picked up a better understanding of the big picture (30%)
- Developed a willingness to learn best practices and innovate with continued education (27%)
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