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Home » How To Turn Setbacks Into Success: Amy Shoenthal (Transcript)

How To Turn Setbacks Into Success: Amy Shoenthal (Transcript)

Read the full transcript of Leadership coach Amy Shoenthal’s talk titled “How To Turn Setbacks Into Success” at TEDxFoggyBottom on April 27, 2024.

Listen to the audio version here:

TRANSCRIPT:

The Power of Setbacks

AMY SHOENTHAL: Think back to your biggest setback. Not an obstacle, not a mistake. A setback is defined as a reversal or check in progress. It’s when you’re on a path, you’re moving forward, and you are unexpectedly bumped backwards.

Through all my years as a journalist, I have interviewed hundreds of founders, business leaders, senators, celebrities, cultural icons. And in every interview, I saw a common theme. What they learned during their biggest setback led them to their most successful venture. I wanted to know why. Perhaps if I could learn from it, I could understand it, and I could help others work through their next inevitable setback and come out the other side with a sense of resilience, creativity, and hopefully success.

So I spent three years doing a deep dive into research, interviewing psychologists, executive coaches, a neuroscientist, reading academic papers, every business book I could get my hands on, all to come up with the framework now known as the Setback Cycle. I did all of this while holding down a full-time job at a marketing agency. Who does that? A lot of people, actually. Turns out you don’t make a lot of money writing books, so most of the authors you know and love are finding ways to earn an income elsewhere as well.

So at the end of that journey, I handed in my manuscript, I took a deep sigh of relief… and I was laid off from that full-time job 48 hours later.

The setback expert finishes her work and is hit with one of the most common career setbacks. Oh, I loved that job. I loved the camaraderie, the stability, the fact that I was able to look toward my family’s future. We had just bought a house. We were finally feeling comfortable, and then bam! The reversal in progress.

Setbacks as Green Lights

But through my disappointment, I began to see, like many of the people I had interviewed, my setback was a green light. You see, this wasn’t my first professional setback. Five years earlier, I gave birth to my daughter, and when I returned from my very brief 12-week maternity leave, I expected everything to be just as I’d left it. To go right back into the role I had always taken so much pride in, with nothing disrupted at all. Every working parent will tell you that’s a very unrealistic expectation.

When I returned, I was told the people who replaced me had done such a good job. Didn’t they deserve these opportunities now? Shouldn’t they continue doing that work? Not temporarily, but indefinitely? I agreed, they had done a great job, and I had all the respect in the world for them, and I wanted them to have every opportunity to succeed. But where did that leave me? Wasn’t I still deserving of opportunities in the workplace? There was no discussion of what else I might work on now that I had some availability.

Setbacks set the stage for reinvention. Your setback might look different than mine, but the cycle is the same. Because what happens when you sideline an ambitious person, an ambitious woman, a mother? She turns her energy and ambition elsewhere.

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It is not a coincidence that my journalism career skyrocketed the same year I had my daughter. More writing led to more visibility, more opportunities to speak on stages and being invited into more rooms where people started asking me, “Hey, would you ever consider doing marketing consulting on the side?”

By the time I was laid off, I had already formed my LLC. I had a whole invoicing system, I had at least one client on retainer, and I was getting ready for the biggest professional milestone of my career, the launch of my book about how leaders successfully work through their biggest setbacks.

The Neuroscience of Setbacks

Setbacks set the stage for reinvention. But why? Why does this happen? Neuroscientist Chantel Prat told me that people who have gone through more setbacks are better at problem-solving, reasoning, logic. They’re able to recognize the signs more quickly, and they can course correct more easily.

When we experience a setback, our brains undergo a dopamine dip. We think of a dopamine dip as a negative thing. But dopamine is a plasticity inducer, which means it contributes to our mental flexibility and our resilience. It’s kind of like exercising a muscle. You have to break down the muscle mass before it rebuilds its strength. You’re sore, and then you’re strong.

It makes sense. When things are going well, we’re not necessarily considering how we might improve, how we could do things better. But the aftermath of a setback is when we come up with our best ideas.

The Four Phases of the Setback Cycle

There are four phases of the Setback Cycle.

Phase 1: Establish

The first phase is establish. Establishing you’re in a setback, not as intuitive as one may think. Sure, some setbacks bonk you over the head. You fail a class, you’re kicked out of school, a business investor pulls out, a relationship ends, you’re fired from a job. Those are clear. But some of us float unconsciously into our own setbacks without even realizing it or because we choose to ignore it.

How many people do you know who stayed in a relationship for too long or stayed in a job too long? Was that you? Is that maybe you right now?

I have something called the Alarm Clock Checklist, intended to wake you up if you think you might be floating, drifting into your own setback. In this exercise, I encourage you to ask yourself two questions:

  1. What are you energized by?
  2. What are you disengaged with?

Write down your answers every day, every few days, over the course of a month. And at the end of that month, look back at your answers.