Had to call it quits today.

[MrDDub24]

Well, one of those threads no one wants to make.

Basically the dream came to a sudden halt today, flew too close to the sun and got burned.

My last year plus failed to produced enough tangible success and it's time to go back to the slowlane for the time being.

General details are that I spent the last year intending to build a business within the oil and gas niche and addressed various topics but could never cross the hump of getting clients.

Savings gone, accrued debt, probably have to go live back at home on a sofa again.
I violated several basic principles we talk about a lot on here and in the books in terms of how not to approach things (not bailing early enough, letting all your cash dwindle etc.) but I do feel this was a learning experience.

If this sounds vague or all over the place, I'm in a melancholic state of mind so that's to be expected. However I'm also sort of optimistic at the same time.

P.S. I haven't quit for good of course, just for the time being.

Cheers to all you guys

I had to make that move about 6 yrs ago and i'm still in the slow lane. BUT i have a stable position now that pays the bills, i'm stockpiling for the next venture. Keep your head up, it sux but you'll look back and be happy why this happened to you.

 

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[maverick]

The way I always view it. I'd rather spend my time talking to somebody about their journey that somebody who can only talk about the end result.

What went wrong, what went well. What are the (in hindsight) foolish things you did or didn't do.

It's like a bad relationship. When it ends, you think the world comes crumbling down. Months down the line you laugh at how silly those thoughts were.

 

[Xeon]

It is moments like this, that this inner voice will show up and question : Is entrepreneurship / starting a business basically a glorified version of gambling? Because you can't control the odds much. With gambling, you can't guarantee a win, just like in business, you can apply all the marketing strategies and fastlane theory BUT no one (even MJ) will say "I can guarantee that you can succeed as long as you do xxxxx and work hard or your money back".

 

[Pat D. Rick]

I'm with the people that say "It's not really quitting." because it isn't.
You even said it yourself.

It's perfectly fine to feel bad or down after a major setback. But of course that doesn't mean you have to stay down.

Keep swinging and soon enough you'll hit a homerun.

 

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[Tobi1]

Thank you very much for sharing.

At these hard times it comes down to your mindset how to handle a failure. A failure is just more experience gained when you use it to your advantage! So analyze it, recover and realign to start back into it. I wish you all the best!

 

[Kal-El1998]

Don't give up totally. If anything keep something small up on the side to keep the fire burning. Never concede.