Kyle Asman, founder of Backswing Ventures, is raising awareness about the importance of resilience in entrepreneurship and business leadership. Asman believes that resilience is often overlooked despite being one of the most important factors behind long-term business success.

Building Resilience

Asman’s comments come at a time when entrepreneurs continue to face significant challenges. According to startup industry data, approximately 90% of startups ultimately fail, while nearly half do not survive beyond five years. Researchers have also found that founders with lower resilience levels are more than twice as likely to consider quitting compared to those with higher resilience scores.

Asman launched Backswing Ventures in 2020 after a career in banking gave him exposure to capital markets, investors, and deal flow. Since then, he has experienced both successes and obstacles while building the business. Asman hopes more aspiring entrepreneurs will focus less on avoiding failure and more on building the resilience needed to keep moving forward.

Asman also stresses the importance of maintaining a learning mindset. In venture capital, every decision carries lessons, whether an opportunity succeeds or fails. He believes this principle extends beyond investing and applies to careers, businesses, and personal growth.

Original reporting: KTBS 3 (Shreveport) — read the source article.