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Jared is supposed to be cramming for finals but his mind keeps wandering to the Colorado slopes.Several years ago,his Uncle Mike made it big and now owns a ski lodge just north of Aspen.He promised Jared a management trainee position and the opportunity to buy into the company by contributing a portion of his paycheck each month back into the business.As he dreams about the opportunity to be his own boss,reality bites as Jared scans his business book and reads,"freedom to succeed also means freedom to fail."
Entrepreneurship promises its participants the opportunity for great success;however the potential of failure also looms in the process.
Cognitive Distortion
A mental framework that consists of skewed or biased ways of thinking, often leading to negative emotions and behaviors.
Overgeneralization
A cognitive distortion where an individual draws a general rule or conclusion based on a single or limited number of events.
REBT
Rational Emotive Behavior Therapy, a form of psychotherapy that helps individuals identify irrational beliefs and patterns of thinking to develop healthier emotional responses and behaviors.
ABC Model
A cognitive-behavioral approach suggesting that it is not merely events that cause an individual distress, but rather the beliefs about those events.
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