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  4. Turning Rejection Into Opportunity

Making Lemonade - Turning Rejection Into Opportunity

Making Lemonade - Turning Rejection Into Opportunity

Rejection can (and almost always does) sting. After all, no one likes to hear the word "no," and oftentimes people will dwell on that particular moment for far longer than they would care to admit. It can have a lasting impression. Instead of burying your head in the sand and giving up, however, take a moment to admit defeat and move on. After all, some people say that true success does not happen until you've heard the word no many times. Successful people understand how to turn rejection into an opportunity. Below are a few ways to turn a no" into a "yes" or at the very least, a maybe.

Figure Out What Isn't Working: Oftentimes, people say no because it's the quickest, most efficient way to get rid of you and return to whatever they were doing before you showed up. This doesn't necessarily mean that they aren't interested in whatever it is you're offering. Make sure to find out why the perspective buyer or customer is declining your offer, and try to get them to express exactly what it is that's so undesirable. It could simply be that he or she needs more information, or they have a concern that you can easily resolve.

Learn From Failure: Every meeting or project you undertake provides endless opportunities for feedback that can (and will) improve your future prospects. Losing a deal is part of conducting all business, and in order to turn this into success, you should immediately take responsibility for the loss. Think about what worked and what didn't in that particular situation. How can you improve? Be sure to ask why the person/people rejected your proposal and see if they have any suggestions for how you can improve in the future. Afterwards, you can take this information to modify your pitch for future meetings.

Remove the Word "I": It is a big mistake to approach prospective buyers or customers with a lot of "I" statements, i.e., "I can help you with..." or "I can provide...". You'll quickly discover that people care most about their own challenges, concerns, needs, and wants. If you focus the conversation on whomever it is that you're trying to win over, they are ten times more likely to engage with you. Remember to replace an "I" with a "you," and you'll see a world of difference.

Refuse To Take No For An Answer: People often say no at first, mainly because it is the easiest response. Well, refuse to let them get away with that. Instead, demonstrate how willing you are to work with them and prove that you are truly interested in helping them improve or gain something that will change their life for the better. Do your research before you meet with anyone, and make sure that you have prepared plenty of talking points, so you are ready to battle any possible objection you might receive. After all, polite persistence often pays off.

Remain Adaptable: No matter how mature your business is or how successful you have become, there will always be challenges. Make sure that you are willing to adapt your proposals and pitches with new information that you have garnered from your rejections and successes. Treat each rejection as a practice for winning your next deal. Additionally, you should share what you have learned with your colleagues, as this will also inspire them to share more ideas with you.

Bottom Line: Everyone wins and everyone loses on occasion. In order to truly succeed, you'll have to learn how to change the way you think about failure so that you can succeed.

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Disclaimer: This information is made available by MyLLC.com, Inc. (the "Company"), and is intended for educational purposes only, and it is not legal or tax advice. No action should be taken in reliance on any information in or on this site without verification with legal or tax counsel, after review of the facts and current law, that the action to be taken is appropriate under the circumstance. Except as expressly provided to the contrary in writing by the Company, the materials contained on this site are provided on an "as-is" basis without warranties of any kind, either express or implied. Company disclaims all other warranties, express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose, title and non-infringement as to the information, content and materials on and in the site. Company does not represent or warrant that materials on and in the site are accurate, complete, reliable, current or error-free.
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Nevada's Tax Laws have changed
Effective July 1st, 2015:
Be aware that if you are currently incorporated in the state of Nevada, or are considering becoming incorporated in Nevada, 2015 changes to the tax laws may directly affect and increase the costs to your business!

What is your first step? Simply choose which of the following two options applies to your business:

ALREADY INCORPORATED in the state of Nevada? 2015/08/15 - Your annual fees increased from $325 to $650, and that’s not including the Commerce Tax if it applies to your business! Further, you will now be required to file your tax return with the NV Department of Taxation with June 30th as the fiscal year, not the calendar year! Review these changes with your tax advisor immediately! If you choose to re-domicile your corporation in another state, MyLLC will file the re-domestication paperwork for you!

TRYING TO DECIDE WHICH STATE is best to incorporate your new business? MyLLC strives to provide you with up-to-date information and exceptional customer service. Contact your tax advisor to review your options and then talk to MyLLC's Incorporation Professionals to assist you in filing your articles of incorporation as well as provide you with Registered Agent services!

MyLLC is committed to assisting you in this process but you must contact us today!

Call us toll free at 888.88.MYLLC or fill out the contact form so one of our experts can help you.
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