There has been an interesting twist to the end of my week; with the fall of a local business and the rise of a new company, as the guy behind the outfit makes a fresh start.
Why this business has failed is not yet clear, the real reasons will no doubt come out over time. It may have deserved to fail or it could have just been rotten luck.
There are always moments running your own business when those seeds of doubt set in and heck, I’ve had plenty of those and they aren’t fun. Yet I can only begin to imagine what is going through the mind of people behind this failed business.
Maybe there are thoughts of stress and frustration, picking up the pieces and clearing up the mess. Perhaps there is a massive sense of relief that it’s over and life can move on?
Several authors have said that entrepreneurs often fail before they succeed, and I guess picking yourself up to have another go takes real strength. You are fighting not just the fear of failing again, but the negative feelings of those around and close to you.
It is too easy to run and hide from the shame, but then you have to look back at the rewards of success. The high moments of the good times and the immeasurable buzz, it is a truly priceless sensation.
If you’re doing your market research like every good business owner should then you’re reading this, so lets finish off by saying kudos for having another go.