I haven't blogged in a few days, might have even been a few weeks, but after last night.. I think its no better time than now to do so. Last night I experienced a loss. It wasn't even a loss of mine, it was a lost to someone close to me. But I felt as if it was my very own. No, I'm not talking about a lost as in death but a loss in business. A very great business man who has it all together took a hit that made it look as if he didn't know what he was doing, all because his team wasn't together and organized doing what they were supposed to be doing. That's OK. A loss in business hits close to home as if it was a lost in death. I say that because your emotions are attached to whatever ventures you set out to do especially when they are your own. Its like your baby that you created and raised to be exactly what you hoped and wanted it to be. I know saying that a loss in business hurts just as bad as death, may seem a little far fetched, but you ask yourself the same questions. What did I do wrong? Could I have done something different to prevent this? How will I recover from this? Do people blame me? Am I to blame? You ask some of the same questions and just like death, it cant be erased. You cant go back in time and correct all the mistakes in planning you made, to make that one loss a win. All you can do is take lessons from that loss and apply it to the next venture.
I read somewhere, while researching music industry artist management, that you will start your company over and over. The 1st time you wont do everything right and the second time will be the same, but if your smart, the mistakes you made the 1st time will be the only correct thing you did the second time. And that's real. So even though this loss isn't mine directly, I inherited it. I took it on as my own so that it can encourage me to learn from my mistakes in business as well as learn from the mistakes of those around me. Needless to say, after last night, I'm more than positive this wont occur again. At least not for the same reasons.
I am learning from my mistakes too after having to close down my dance studio business a couple of years ago. Honestly, I think about it literally ALL the time. I still have some old notes and documents that I've been hanging on to. I think what hurt me the most is the fact of knowing I failed the first time around. If you didn't know, failure is one of my biggest fears. But in a way, I needed that failure to learn and grow so that the next time I reopen my dance studio business, I'll be more prepared. It's all about trial and error. And yes, having a dedicated team is part of it. That's something I'm going to try to work the next 2 years. Hopefully, I can reopen my dance studio business before I turn 30, lol. That's the plan for now at least.
ReplyDeleteNo, I didn't know that failure is one of your biggest fears but I wish that it wasn't. Failure is apart of life and it does not determine your next few tries. The only time you truly fail is when you give up. I still have the contracts I created for you to use for your employees, we can just resue them! Good Luck, I know you will do well!
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