A fortunate businessman is someone whose every venture turns out to be a success. If they start with a clothing brand, their stocks do not last longer than a month before needing to restock. In case they open a restaurant, people are lining up every day to be able to get a table.
On the other side of the spectrum, however, is an unfortunate businessman who has not seen success in years. Every time they try to get investors, they either get scammed or turned down. In case real sponsors come and the business gets launched, the consumers do not eat up their products as much as they expect. Thus, if things continue to not go well for a year, they have no choice but to file for bankruptcy.
The truth is, dealing with a failed business once may not hurt much. Seeing almost every venture crumble, meanwhile, is enough to derail your hopes of making it big in the business sector. Still, you should not give up if you:
Believe In Your Ideas
“People with a healthy self-esteem tend to view failure as an event. People with low self-esteem often view failure as fatal. This thought process pummels one’s self-esteem and overtime being a failure becomes their identity.” -counselor Monte Drenner
Giving up is not an option when you know deep down that your ideas will work. Perhaps it has not happened yet because you are collaborating with the wrong people, or you have poor marketing strategies. But if you improve in those areas, there’s a high chance that you will be successful in your next attempt.
Have People Supporting You
You cannot let go of your goals if some people are giving you moral support. We are not talking about your friends, relatives, or significant other, okay? They can be the individuals who have bought your products in the past and believe in them. Their number may not be enough to help you even if you start a GoFundMe or Patreon account, but knowing that they exist should be enough motivation to go against the odds. “By building a list of people that you trust, with whom you can talk to in times of need, you allow yourself a strong sense of not being alone.” David Klow, a licensed therapist said.
Dream To Be The Boss Of Your Own
Considering you have already left your job and do not want to go back or find a new one, you genuinely cannot allow failure to get to you. Accepting that you are not meant to be in business entails turning your back into becoming a boss of your own. You may say that you will try again next time, but you may lose your passion if you take a break and see the benefits of being an employee.
No one can say that you are overly dramatic if you want to give up after having a string of failed businesses. It does make you wonder whether you are not cut out to be a businessman or your destiny is to become someone’s employee forever.
Despite that, you should not let go of your dreams when there are individuals who are willing to support you, and you believe in your ideas. Hang in there and stick to what you love. Who knows, maybe you will meet the right people to do business with, and they can help turn your ideas into reality. “The sensation of pressure doesn’t have to be negative—it can be a positive challenge and motivating.” A reminder from Alicia H. Clark, Psy.D.