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Bounce! Failure, Resiliency, and Confidence to Achieve Your Next Great Success

The "comeback" is highly overrated.

Barry Moltz
Barry Moltz
Welcome to a Entrepreneurs Channel edition of TPR, with Peter Clayton reporting. Joining us today from Chicago is entrepreneur, author and business owner Barry Moltz.

His latest book, “Bounce! Failure, Resiliency and the Confidence to Achieve Your Next Great Success”, is published by Wiley. Barry Moltz has founded and run small businesses with a great deal of success and failure for more than 15 years.

But this is not a book about coming back from failure.

Comeback books have been written many times before. The comeback is romanticized in society and totally overrated. In Bounce!, you'll learn about accepting failure as a normal part of the process even when there isn't something to learn from it. Failure that offers no real learning value jolts the business belief system.

What's second prize? -

10:47 :

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According to Barry, if we let go of whatever the last result was - we can actually Bounce! We can learn what - if any thing - from the last success or failure and get ready by bouncing to the next decision that we have to make.
Any success or failure is just a part of the entire business lifecycle. Individually, a particular result or outcome actually means nothing. No event will guarantee the same result in the future. By learning to bounce through this repetitive process of “success and failure, failure and success”, you will develop a resiliency that will lead to the true business confidence that ultimately determines which ones of us succeed.

Bounce! is about developing confidence, but not just any sort of confidence. It's about developing the kind of true business confidence that prepares you for both failure and success.

Questions Peter Clayton asked Barry Moltz:

What’s the back-story to Bounce?

How many businesses have you started?

Has any of your businesses failed?

Have you ever been fired? - What did you learn from the experience?

What did you learn at IBM?

In your chapter, Failure provides choices, you write; “I believe to get to Yes, I have to get to no with the prospect to find out whether they represent a real opportunity.” Can you elaborate on this concept?

Bounce! is about developing confidence—and not just any sort of confidence. It is about developing the kind of true business confidence that always gets you ready for your next great success.

In your promotional material for the book you state: But this is not a book about coming back from failure.
Comeback books have been written many times before. The comeback is romanticized in society and totally overrated.

In Bounce!, you’ll learn about accepting failure as a normal part of the process even when there always isn’t something to learn. Failure that offers no real learning value jolts the business belief system.

I’d like you to talk about some of the building bands for true business confidence in Bounce:
•  Using humility to right size your ego
• Making fear fly in formation
• Using choices to embrace failure when it happens
• Taking more effective risk taking
• How process trumps outcome
• Setting patient goals to establish your own scorecard
• Creating your own brand of success

After successfully selling his last operating business, Barry has branched out into a number of entrepreneurship-related activities. He founded an angel investor group, an angel fund, and is a former advisory member of the board of the Angel Capital Education Foundation.

His first book, “You Need to Be A Little Crazy: The Truth about Starting and Growing Your Business” describes the ups and downs and emotional trials of running a business. It is in its fourth reprint and has been translated into Chinese, Russian, Korean and Thai. His second book, “Bounce! Failure, Resiliency and the Confidence to Achieve Your Next Great Success”, is published by Wiley.
Barry is a nationally recognized expert on entrepreneurship who has given over 100 speeches to audiences ranging from 20 to 20,000. He was appointed by the Illinois Governor in 2005 to serve on the board of the Institute for Entrepreneurship Education (IIEE). He has taught entrepreneurship as an adjunct professor at IIT( Illinois Institute of Technology). He was elected to the Entrepreneurship Hall of Fame in 2004.

Bounce! is about developing confidence—and not just any sort of confidence. It is about developing the kind of true business confidence that always gets you ready for your next great success.

But this is not a book about coming back from failure.
Comeback books have been written many times before. The comeback is romanticized in society and totally overrated.

In Bounce!, you’ll learn about accepting failure as a normal part of the process even when there always isn’t something to learn. Failure that offers no real learning value jolts the business belief system.

In Bounce!, entrepreneur and business owner Barry Moltz explains that both success and failure are simply outcomes in the life cycle of business—a life cycle in which overall process matters far more than any single event or outcome. Great businesses are those that develop the resiliency to bounce through these cycles to succeed over the long term. Using a blend of personal experience and firsthand interviews with business leaders, Moltz shares practical tools and techniques a business needs to survive the cycle of ups and downs. In Bounce!, you’ll learn the building bands for true business confidence which include:
•  Using humility to right size your ego
• Making fear fly in formation
• Using choices to embrace failure when it happens
• Taking more effective risk taking
• How process trumps outcome
• Setting patient goals to establish your own scorecard
• Creating your own brand of success
Bounce! lets you move forward from any event, situation, or outcome—good or bad—to  the next place where a decision can be made based on the choices currently available to you. Bounce! allows us to be passionately excited and intensely enthusiastic about our business and our lives.

Let go of what you were taught was the secret path to succeed in business. Let go of the idea that something to learn comes from failure or that you can always duplicate your success. Let go of the shame of losing and the enlarged ego that comes with a big win.

Resources:

Barry Motlz

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