I could go for a bit of encouraging. I took a risk to make a better life for my family by starting a business in 2021. At the end of 2023 I was forced to close it down and had to find a W2 job. I'm slowly regaining my confidence, but I've still got a ways to go.
Discussion
If you were to be brutally honest with yourself what did you do that caused the business to fail? Or what could you have done differently that would have caused it to succeed?
Probably my lack of market research on the outset. If I had understood that I couldn't be competitive on larger jobs when I had to pay a franchise fee, I wouldn't have gone that route. I got heavily disheartened when I poured everything that I had into it for a year and had nothing to show for it. That's when my performance really slipped.
Yeah entrepreneurship is like staring into the abyss and eating glass.
People shouldn’t glamorize it. It’s brutally hard.
How do you feel now that you’re back in a salaried position?