Physician Business

A must have trait for entrepreneurs: Perseverance

Despite the earnest commitment I made at the beginning of the year, I have failed so far. Instead of blogging regularly (well, at least once a week!),  I’ve fallen into the “I’m so busy, I can’t find the time” trap. This even though I have blocks of time set aside on my calendar for writing.

Time to get back onto that horse and ride again!

So, how should I do this?

I am fascinated by what it takes for children to succeed in life, since I have a kid and want good things for her. In addition, my clients are seeking great results and wondering how they can create invigorating new careers or businesses at later points in their lives. My quest to understand these challenges has led me to some fascinating research, mainly coming out of the field of education.

One prominent researcher in this area, Angela Duckworth PhD, writes about Grit — Perseverance and Passion for Long Term Goals in which she tells us that the more “grit” (she defines this by her subtitle) we demonstrate, the higher the correlation is with success.

Yet another inspiring education-related story (which references Duckworth and her grit research) comes from writer and speaker Paul Tough. The New York Times ran a story some time ago, written by Tough and titled “What if the secret to success is failure?”, that fired my imagination sufficiently that I bought and devoured his book, How Children Succeed: Grit, Curiosity, and the Hidden Power of Character (A).

The third reminder comes from Rule 9 of “The Intelligent Entrepreneur: How 3 Harvard Business School graduates learned the 10 rules of successful entrepreneurship” (A) — remember, it’s Persist, persevere, prevail.

All this is a long way of saying that, if I am to be successful in maintaining my blog as a short term goal and keeping my business soaring (the bigger goal), I too must show grit. I do have the passion. But what if the secret to my business success is this failure, and others, and that it’s perseverance that is being asked of me?

I’m getting back on that horse today!

How about you?

Philippa Kennealy ran a private family practice, and a hospital, before building her coaching business helping MDs launch and run successful practices and businesses. Visit her online to learn more.