Experience failure to succeed
It’s more like a state of mind, the status of a person and also a pinching insult. Most of us have been called a failure at some point of time in our lives, maybe by others, maybe by oneself.
You might now be a hotshot in your field or struggling to be the one, but you won’t be able to deny the fact there was a time when you failed or were failing.
I, especially, have been a failure too many times in multiple fields. I had already decided in not-so-ripe age to be an entrepreneur. Of course I did not know the word, back then we used to just call it being a businessman.
As I have said earlier in my post that we have always been a service-class family, nobody had any entrepreneurial experience that I can learn from.
I have also failed many times in my ventures – amongst all I can precisely remember three times.
Every time the reason why I failed was different. I haven’t had any formal education about running a business but I really thought I had it in me. Each failure taught me about my shortcomings which I was not aware about before.
I started with an amazing plan in my head to kick start, but in next 6 months I was in middle of nowhere. I had no actual plan to follow for a long run. You cannot run a business without a plan. I failed. I got criticism from my family about how I am not meant for doing business.
The second time,
I started business with a partner where I was dependent on skills of my partner, I had no skill to run that business so I was more focused on “business” aspect of venture. I was taking care of accounts, management and errands. Eventually, the other guy started to bail out and he decided to focus more on his job rather than going full time into this venture. I was again lost. Without any skills I could not run this thing on my own. I learnt that mastering a skill is really important for running a business.
the most recent one – I failed because I had no team.
I decided to go all in by myself. I started taking up projects and working on them on my own. It was okay till 3 – 4 projects but then things really got out of hand. I could not devote myself to one project which in return affected all my other projects. I needed a team but I had no proper contacts in that field. Eventually I had to cut down on projects. I learnt that I cannot do it all by myself if I wanted to scale my business. I failed and I was depressed.
It’s like a wave, which comes and goes. On some days I feel really high on energy while on other days I feel like quitting on this and go back to some 9 to 5 job, a more secured job.
But failures teach you many things.
If I had not failed I wouldn’t know the importance of planning, or having a skill or making a team of like-minded people.
It is very important to keep your energy up and josh high, as quoted in a recent Bollywood movie, URI, always ask yourself,
How’s the Josh?
And the answer should always be High Sir!
With the same josh, currently, I am planning my next venture. I am not sure if I will be able take it off this time but I at least I know I would not be failing because of the above three reason. I might learn something new from this.
Not now, but I think I know I will succeed, eventually.
How I am so sure?
Because, all your failures contribute to your one big success!