How can knowing the 5 stages of grief help when dealing with business failure? It’s fair to say that business failure is like a breakup but with your dreams. Understandably, lots of emotions creep up on you as you try to deal with the idea that it really is the end of the line. Keep reading because the information that follows will clarify the emotional chaos you find yourself in.
5 stages of grief model brief
This 5 stages of grief model originated in 1969 and it was first mentioned in the book On Death and Dying by Elisabeth Kübler-Ross. She was a Swiss-American psychiatrist, specialising in near-death studies. This model is also known as the “Kübler-Ross model”.
The emotions while grieving
One of the first things we always do when faced with a problem or loss is saying to ourselves: “It’s just a phase”. We don’t want to acknowledge the truth. We want to delay facing reality, thinking time will make the problems go away.
Watch the video to find out about all the emotions related to coping with failure and loss i.e. what the 5 stages of grief are.
Did you skip watching the video because it can’t be you? It can’t be your business that’s tripped, right? It must be the economy right now, or the competition. What if you did things a bit differently? Surely, things would have been different now. Maybe doing things differently from now on will smooth out the wrinkles. Not likely, unfortunately.
If these things resonate with how you feel right now, you may want to go back to the video above and click the play button. Don’t be in denial – the first of the 5 stages of grief.
Conclusion
There is a light at the end of the tunnel. Once you recognise the 5 stages of grief, you’ll be able to:
- dust off your entrepreneurial jeans,
- learn from the failure, and
- get back on the horse much quicker.
It’s not the end; it’s the beginning of a wiser, more resilient you.
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