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16 Tips for Turning Your Business Setback Into a Comeback

When you experience a business setback in your career, don’t dwell on what went wrong and how you could have done things differently. Maintaining a positive mindset is crucial to making a comeback.

When you feel yourself slipping into a negative outlook, it’s important to have a go-to tactic for turning things around. Here are some tried and true recommendations from Forbes Coaches Council.

Members of Forbes Coaches Council offer tips on shedding negative thinking and bouncing back after a setback.

PHOTOS COURTESY OF THE INDIVIDUAL MEMBERS.

1. Remember That Mistakes Are Part Of The Journey

Shift your mindset to change your outlook. If you are growing a business, then setbacks and mistakes are part of the journey and are an inevitable part of the discovery process. Have confidence that whatever path you may be on is exactly where you should be. Remember there is no failure; only failed attempts that result in learning. – Michela Quilici, MQ Consulting and Business Training, Inc.

2. Understand That Your Perception Becomes Your Reality

Reality is not what “it is” rather than what we “think it is.” Our perception is conditioned by thoughts we choose to think. Over time I have trained myself to change the pre-existing framework to escape “the box” and to see the situation from a different standpoint. I granted myself permission to practice redefining any setback or mistake as a previously not seen opportunity to learn and to grow. – Kasia Jamroz, CPCC, ACC, Conscious Leading Solutions L.L.C

About Michela Quilici

Michela Quilici is an engaging professional speaker, international bestselling author, and award-winning entrepreneur. With over two decades as a Business & Leadership Coach and Consultant, she helps high-achieving leaders and business owners bridge the gap to their next level of growth—focusing on strategy, communication, and leadership.

Her mission is to ignite leaders to unlock their potential and businesses to grow. She is passionate about creating roadmaps that ignite leaders to take inspired action to navigate their growth on purpose using a soul-fed, self-led, strategy-fueled approach.

She has been featured in Forbes, USA Weekly, and Canadian Living Magazine, is a Forbes Coaches Council member, and serves as the official speaker coach for TEDx VU Amsterdam 2025. Recognized as Speaker of the Year 2025 (Business Growth & Self-Leadership), Michela delivers transformative experiences that ignite clarity, confidence, and action.