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Resilience is NOT Enough

Resilience is the way you respond to stress - especially extreme stress.GRIT is the way you respond to failure - nearly constant failure. Most all successful professionals require resilience. Entrepreneurs require GRIT.

Neurosurgeons require massive resilience to build a successful career. Entrepreneurs do not. Entrepreneurs need something more.

You see, people who are resilient learn to deal with stress (often extreme stress) and uncertainty in their daily lives. The neurosurgeon doesn’t know if the patient will survive surgery. They don’t save every patient. That’s the essence of resilience. The ability to cope with extreme stress and uncertainty. The process of successfully adapting to challenging experiences, both physically and emotionally builds resilience.

Over my career (as an entrepreneur, investor, and advisor) I've encountered individuals attempting to start a business having never felt massive stress or uncertainty because they always received a paycheck every two weeks. They knew their job and what they were doing. And when they stepped into the arena to build a company, their lack of resilience was crippling to their success.

So yes, entrepreneurs definitely need resilience.

But downstream of resilience, the one true learned behavior entrepreneurs require where neurosurgeons perhaps do not (I hope) … Is GRIT - the desire to keep pushing in the face of what feels like constant failure. (That daily "punch in the face...").

As an entrepreneur, you fall, you get up, you fall, you get up… Only to fall again. The only thing that feels constant is failing. Progress is slower than you'd like. Success feel elusive. But the focus on the goal to make a difference keeps you going. When resilience hardens, over time, it becomes GRIT. GRIT is about dealing with constant failure your first 100 tries.

GRIT is the combination of having a passionate goal (The "G"), the physical and mental resilience to persevere (The "R"), the deep desire to make an impact (The "I"), and a temperament of confident expectation or optimism (The "T"). That combination is the stuff that great entrepreneurs are made of.

Resilience, the ability to manage stress and uncertainty, is absolutely one of the raw ingredients to creating GRIT, but GRIT happens when you say, for the tenth time, “This isn’t working.” And, rather than quitting, your response is, “Now what? How do I modify now to make an impact? What’s missing that the customer really wants?”

Resilience is the way you respond to stress - especially extreme stress.

GRIT is the way you respond to failure - nearly constant failure.

Most all successful professionals require resilience. Entrepreneurs require GRIT.

About Dr. Michael Burcham

Michael is an executive coach, entrepreneur, investor, and strategist with 30 years of experience leading investor-backed, high-growth organizations.

“I built and sold a $40M company with Dr. Burcham as my mentor. This is the thing: if you EVER get the opportunity to learn from this man, from that moment forward, you’ll list him as one of the most influential people in your life, even if you live to be 90. And, you’ll know how lucky you were to have that opportunity and you’ll immediately say YES to any chance to be in his presence again—his wisdom is that impactful.”

Sherry Stewart Deutschmann

Former CEO, Letter Logic

“If you are looking for a trusted mentor and coach for yourself or your leadership team, I highly recommend Michael Burcham. He has worked with me as my executive coach for well over a decade now. Our conversations and his feedback have helped me sharpen my critical thinking skills. He’s a trusted advisor that I can confidentially speak with about any issue—and I know I’ll get valued feedback. I highly recommend him.”

Ryan McGrath

CEO, Asset Living

“Dr. Burcham’s depth and breadth of experience makes even the most ADD entrepreneurial leader sit up and take notes! His coaching skills bring out the ‘best you’ possible. He selflessly shares the good, the bad, and the ugly—leaving you with an authentic and moving experience sure to spur action and professional growth!”

Julie Lenzer

Director, U.S. Department of Commerce

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