Personal Finance Videos – Yahoo Finance

Turning Rejection into Success: Advice for Entrepreneurs

Listen to Financial Freestyle and subscribe on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Squire Technologies Inc. co-founder and president Dave Salvant is no stranger to rejection. In this clip from the latest episode of Financial Freestyle with Ross Mac, he shares that he himself has received no votes from both investors and customers. This is his advice for persevering through business rejections. “I always say, you know, people might say no the first time, but the seventh time it's very difficult to say no,” Salvant says of approaching potential clients. Because Squire Technologies Inc.'s customers themselves are primarily small and medium-sized businesses, they often understand how difficult it is to run a business. Salvant says, “The worst case scenario is that they will listen to you, and if they listen to you, this is your chance to convince them that your product is worth it. Rejection doesn’t just come from potential customers. It can also be done during time.” Salvant remembers going to Silicon Valley to get money. Even though his company actually had competitive metrics, it faced many nos from potential backers in Series A and was given a term sheet. So it's not easy.” Nevertheless, Salvant believes that courage and determination are the most important factors when it comes to being a successful entrepreneur. “It's not intelligence.” It's not luck. “It’s courage and determination,” Salvant says. “That’s what makes people successful.” Financial Freestyle with Ross Mac on Yahoo Finance is dedicated to promoting economic prosperity for all. Through expert insights, practical advice and inspiring success stories, we empower Join us on this transformative journey to financial freedom and inclusive economic growth. This post was written by Meredith Lawrence.