Showing posts with label rejection. Show all posts
Showing posts with label rejection. Show all posts

Thursday, July 15, 2010

Dealing with rejection

Loyal readers of my blog know that I've been working on a business plan for a little idea of mine for quite some time.  I sent my business plan off to two candle companies in late January of this year.  One company I never heard from despite repeated follow ups.

The other company actually responded saying they liked my idea and were sending it off to their innovations lab for evaluation.  Today, I received a rejection from them.  It made me sad for about 10 minutes.   Luckily, I opened it just before lunch time.  I had a big bowl of my Mom's homemade chicken pot pie (can you think of a better comfort food) and began planning my next move.

Did I honestly think that my idea would be accepted on my first try?  No.  Will I give up and say it wasn't meant to be?  No.  It just means I need to tackle this from a slightly different way.  Maybe, instead of licensing my idea, I do it myself.   I find a manufacturing partner, get some initial designs/samples made, and go on QVC myself.  Can I do this?  Damn right...I can do anything I set my mind to. 

I think step one will be to reach out to a former colleague of mine.  He's an entrepreneur and has done very well.  I think I need to buy him lunch and pick his brain!

So blog readers....what advice do you have for me?  Any ideas/suggestions?  Any of you entrepreneurs who started your own business?   Most importantly, does anyone have any connections in the candle industry?