The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

NOTABLE! Had to call it quits today.

Accelerate wealth. Build a business that pays freedom. Join more than 70,000 entrepreneurs and register for the Fastlane Entrepreneur forum. Remove ads? Join the INSIDERS.

MrDDub24

New Contributor
Jan 18, 2017
2
9
11
41
CT
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.
 

maverick

Aspice, officio fungeris sine spe honoris ampliori
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Oct 26, 2012
545
1,263
436
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

All Cars Kneel Before Pagani.
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Sep 3, 2017
1,588
3,290
776
Singapore
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

uhhh...42?
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 11, 2016
124
257
176
25
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.
 

Tobi1

New Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Mar 3, 2021
3
2
14
Germany
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

Bronze Contributor
Read Millionaire Fastlane
Speedway Pass
Nov 25, 2020
257
193
82
Don't give up totally. If anything keep something small up on the side to keep the fire burning. Never concede.
 

Sponsored Offers

MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
Hi - I sent out some emails with the updates but I'll PM you now also, thanks. The issue is...
  • Sticky
MARKETPLACE NEW: The Best School for Going Fastlane (Now open for summer enrollment)
Read the free book, some excellent insights. I also did the website quiz and I did a visual on a...
MARKETPLACE Not sure how to start? This free book will teach you how to build a successful web design business
Hi Fox. Starting the book and got through the introduction. Had a conversation with Andy Black...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Chris is super sharp and is aware of many facets of entrepreneurship and can help get your...
Introducing MJ's Personal Unscripted Network, Join Now for FREE!
Any chance to make it available outside of US? It has been available outside of the US on...

Forum Sponsor

Learn Fastlane Business Skills & Get Profitable Within 30 Days...

Get Started Now

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom