What will you do when you lose the business you’ve built? What will you do if you are now being left by anyone that believe you before? What will you do when you are now alone, looking into the abyss?
I have worked in various companies. I have also started some companies and making some investment as well. I made mistakes and failed many times, but I believe if I am able to stand up, I will win again.
It is definitely easier said than done. In fact, I can assure you it is very difficult to build our confidence to start over again when we fail. But if you can clear your mind and able to accept failure as a lesson, you’ll surely move on. I’ve been there before and I would like to share what has made me stand up and move again.
1. Accept the failure and understand the situation
A business is a risk. The bigger the business, the bigger the risk. Your confidence on your idea is good to have, but nobody can guarantee you’re going to success. So, accept, learn the mistakes and build your spirit. The quicker you realize and understand this, the faster you’ll move on.
2. You are not the only one
Realize this. Everyone that is successful have failed before. Many of them even failed more than you do. And that’s why they are successful. Join your local business community and surround yourself with like-minded people. Some of them have been in this situation before. These people can give support and good advice which will help you stand up.
3. Take a deep breath
Take your time and breathe. You need to have fun, be happy to build your spirit again. Enjoy your time with family and friends. They are the most important people in your life and they are the most supportive people when you’re down. A failure is just a life phase. You have to get over it and start all over again.
4. Get prepared and plan for the next
There’s no use to drill deep over and over again with the failing misery. When you’ve already starting to feel it again, get prepared for the new idea. This time, you’ll surely be able to start with more experience. Don’t ever do the same mistakes. So, cook your idea, learn the methodology, plan better and believe that this time, you’ll be successful.
5. Stay humble, stay realistic
Whatever you’ve been through, let your mind befriending your soul. Staying humble will make your mind clearer and your soul calm. Think realistically will let you understand who you are, what you’re good at and what you’re going to do to be successful.
So, accept failure. It is awesome to be failed. Failing is actually a good experience to learn more and be better. It is a start to future success.
Running a business doesn’t look like running a sprint but a marathon. If you can hold on to reach the finish line, that’s when you are closer to success. See you at the top of the world!