How to make a comeback after a business failure!!
You have also heard a lot of stories about people who failed in digital entrepreneurship but eventually got themselves up.
Now taking everything under consideration, whats the best way to keep yourself motivated?
First, you should consider the whole thing as a positive experience because now you know what are your weaknesses. Its better to find them earlier than to get hit by it later. So, congratulations you just went through an essential professional evolution.
Now how to push yourself through this transition period?
Stop the blame game. Yes!! Its time to move on. Admit things were not in your control and its useless to waste your time for some miracle to happen without you putting any effort. Find out what type of behavior led to that particular consequence and figure out about things on which you still have perfect control. Hold on to these things and start moving forward because life is way too short to be disappointed.
Challenge your instincts. Most of the time you follow your instincts even after consulting with someone ( because youre the boss). Now, it turns out that decision failed miserably and its time to challenge those decisions. For example was it because you increased the price of the product or you ran out of money or your email marketing content was total crap. Whatever the reason there might be, now its time to test them and analyze that whether any of these flaws were responsible behind the failure or not?
Devise a new plan. Now thats the part where you should make your imagination work. Think like this: What kind of approach might have made you achieve the results you were expecting? Every business is different and there is no better judge than you to assess your current situation. In short, keep moving on.
Cheers
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