Business failure is but a lesson

2018-04-05 06:02
kasibizchatSobz Gogoba

kasibizchatSobz Gogoba

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Fellow entrepreneurs, please note; the journey to business success is filled with casualties of people who tried their luck in business and when they failed, resorted to working life again.

The journey can be stressful and thus take a toll on your health and as business leader.

The journey requires great sacrifice, which includes proper time management.

Going to the “park” to enjoy bottles of liquor with friends every weekend is not going to help you achieve your goals and attain success.

Most of the people we see at the “park” enjoying drinks are not successful, some are putting up a facade, they are unhappy employees, some are stressed and are trying to relieve that by hanging around the boot of their cars with friends.

As a small business owner who is building an empire, you cannot afford to be seen there as a regular, because you are busy building an empire.

When failure arrives, it hits you hard and demotivates you, just like during a class exam and be told to rewrite corrections.

Different things cause business failures, some are caused by the business owner. Once you lose your focus and chase different things at once, can cause business failure.

Some business failures are caused by location, financial management, costing and pricing, the economic crash and political influence.

The best advice I can give is that, in the journey to success, you need to fail at first attempt, so you can be the wiser in the next round.

We hold dear to this advice, because we have personal experiences.

We started businesses in the past and we failed and restarted and failed and changed direction. The most important thing is to learn from your failure and seek help from business experts and thought leaders. Every business owner needs to be mentored. I am mentoring other business owners and I am also getting mentored and coached by business experts.

It is not nice to fail in business, as its painful and sometimes you lose personal possessions.

The other important factor is that failure should make you stronger. Never give up to seek employment again, because you might fail in that field too.

You are entrepreneur. Whenever you fail, look forward to solutions. Enjoy the journey.

  • Sobz Gogoba, Isolomoya Group- 0218262608/0781080830

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