Module 8 - Assignment 1 - The importance of grit and persistence
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The importance of grit and persistence overview
As you have learned, persistence is critical for life success, let alone entrepreneurial success. Read this article about.
If we look throughout the world in every industry, in every culture, there’s one consistent trend among successful individuals, and that trend is the ability to persevere. It’s the ability to stand up and take a step forward when everyone else sits down.
Some people that have an external locus of control, and a fixed mindset, believe that persistence is something that you are either born with or not, and that little can be done to persist in life when faced with myriad challenges. Others, with an internal locus of control and a growth mindset believe that persistence can be learned. This means that persistence is most often a choice. It’s a matter of believing in oneself and finding a way to reach the end result when multiple attempts to overcome a challenge have failed.
Take Abraham Lincoln, for example. He failed in business at the age of 21. He was defeated in a legislative race at age 22, failed again at business at age 24, overcame the death of his lover at age 26, had a nervous breakdown at age 27, lost a congressional race at 34 and 36, lost a senatorial race at 45, failed to become vice president at 47, lost a senatorial race at 49, and then finally was elected president of the United States of America at age 52.
Imagine what our country might look like today if he hadn’t persisted through those previous failures.
There’s the famous story about Thomas Edison trying 9,999 times to perfect the light bulb — and he couldn’t do it. Someone said, “Are you going to have 10,000 failures?” And he responded, “I didn’t fail; I just discovered another way not to invent the electric light bulb.” He chose how he perceived his previous experiences — and decided not to perceive them as failures.
How about Colonel Sanders, the founder of Kentucky Fried Chicken? He was a military retiree and had nothing to his name, except his mother’s chicken recipe. So what did he do? He took his old sports wagon out and began driving to restaurant after restaurant after restaurant. His intention was to sell the chicken recipe, but he was turned down time and time again, 1,007 times before he received his first yes. That one yes is what made possible Kentucky Fried Chicken possible.
So, what are the building blocks for persistence, grit and determination in business?
Step 1: Watch this video featuring Angela Duckworth who discusses the important role that grit plays in life.
Step 3. Watch this short video that explains the difference between a growth and fixed mindset. This body of research was created by Carol Dweck.
After watching these videos and taking the grit survey. Summarize whether you feel you have a growth or fixed mindset. Describe whether you feel grit, and a growth mindset are important for entrepreneurial success, and what you think this.
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