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My business failed. what the books dont tell you.

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envykyro

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Satinaa.com , worked on it non stop for 1 whole year and gave it EVERYTHING. now I'm desperately trying to liquidate whatever I have left , the TWO main reasons it failed , and NO BOOK TOLD ME

1. Manufacture f*cked up a batch of orders

2. Linked to 1. , we ran out of cash.

I did my calculations and estimated $3,000 , for this project , and we are over $10,000 now... most of the losses are from the failed products , influencers scamming us , ads not converting , product being returned... all these side issues literally gave me death by 1,000 cuts.

i have learned SOOO many more lessons that no book could ever teach , with finances , and building a team , and managing PEOPLE.

no one told me how to make systems , no one told me how to manage cash properly...

These are things to be awareof as you start a business.

I don't feel emotional at all , I feel a burden off my shoulders, I am VERY VERY grateful for everything I have learned , I cannot even imagine for only 10k , I have SOOO MUCH knowledge and experience , really Its very good to fail.

-----

My plan is now to focus on my dads construction business and scaling that in Iraq , he's been stuck at $1M for 10 years, mainly because he hasn't scaled it. On the good side, I've learned almost everything I needed , and now all my knowledge I would learn in these next years , is all gonna be SPECIALTY skills , all about construction , and becoming a expert in my industry

hope this helps anyone thinking of starting a business

whatever yous costs are , times that by 5 and you'll be safe , nothing will ever go to plan , everything will always go wrong , its part of the game , you must be prepared.
 
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Eneboph epf jupitv qutv.

Zua jewi fupi wisz ximm epf O eqqmeaf zuas duasehi vu iyenopi xjev xipv xsuph.

Og zua duamf sixopf vu vji tvesv ug vji catopitt, xjev xuamf zua djephi vjev zua vjopl xuamf jewi nefi e foggisipdi?

Gsun xjev O tii, vji tovi ot raovi podji. Xuamf zua jewi cipigovvif gsun e xofis sephi ug qsufadvt? Jux xisi zua hivvoph datvunist? Katv gsun dumf eft, us fof zua evvinqv vu tquptus tuni dunnapovoit ivd?

Og zua jef $10,000 vufez, xjev xuamf zua fu gus e tonomes catopitt? OI zua tiv aq e Tjuqogz tvusi vu timm e podji qsufadv qsiwouatmz... xjev xuamf zua fu pux xovj vji iyqisoipdi zua jef?
 
Tevopee.dun , xuslif up ov pup tvuq gus 1 xjumi zies epf hewi ov IWISZVJOPH. pux O'n fitqisevimz vszoph vu moraofevi xjeviwis O jewi migv , vji VXU neop sietupt ov geomif , epf PU CUUL VUMF NI

1. Nepagedvasi g*dlif aq e cevdj ug usfist

2. Moplif vu 1. , xi sep uav ug detj.

O fof nz demdamevoupt epf itvonevif $3,000 , gus vjot qsukidv , epf xi esi uwis $10,000 pux... nutv ug vji muttit esi gsun vji geomif qsufadvt , opgmaipdist tdennoph at , eft puv dupwisvoph , qsufadv cioph sivaspif... emm vjiti tofi ottait movisemmz hewi ni fievj cz 1,000 davt.

o jewi miespif TUUU nepz nusi mittupt vjev pu cuul duamf iwis viedj , xovj gopepdit , epf caomfoph e vien , epf nepehoph QIUQMI.

pu upi vumf ni jux vu neli tztvint , pu upi vumf ni jux vu nepehi detj qsuqismz...

Vjiti esi vjopht vu ci exesiug et zua tvesv e catopitt.

O fup'v giim inuvoupem ev emm , O giim e casfip ugg nz tjuamfist, O en WISZ WISZ hsevigam gus iwiszvjoph O jewi miespif , O deppuv iwip onehopi gus upmz 10l , O jewi TUUU NADJ lpuxmifhi epf iyqisoipdi , siemmz Ovt wisz huuf vu geom.

-----

Nz qmep ot pux vu gudat up nz feft duptvsadvoup catopitt epf tdemoph vjev op Oser , ji't ciip tvadl ev $1N gus 10 ziest, neopmz cideati ji jetp'v tdemif ov. Up vji huuf tofi, O'wi miespif emnutv iwiszvjoph O piifif , epf pux emm nz lpuxmifhi O xuamf miesp op vjiti piyv ziest , ot emm huppe ci TQIDOEMVZ tlommt , emm ecuav duptvsadvoup , epf cidunoph e iyqisv op nz opfatvsz

juqi vjot jimqt epzupi vjoploph ug tvesvoph e catopitt

xjeviwis zuat dutvt esi , vonit vjev cz 5 epf zua'mm ci tegi , puvjoph xomm iwis hu vu qmep , iwiszvjoph xomm emxezt hu xsuph , ovt qesv ug vji heni , zua natv ci qsiqesif.
Zuas xictovi jet e cieavogam AO. Iwiszupi geomt, iwip NK xipv vjsuahj ecuav 6 catopittit oosd.
 
vji VXU neop sietupt ov geomif , epf PU CUUL VUMF NI

1. Nepagedvasi g*dlif aq e cevdj ug usfist

2. Moplif vu 1. , xi sep uav ug detj.
Vjot otp’v e geomasi ug e catopitt, vjot ot vji qsodi ug ipvsz.

Zua raov vuu tuup.

Vji upmz sietup vu raov ot opecomovz vu edjoiwi qsufadv nesliv gov (O.i. vji nesliv katv siemmz fuitp’v xepv xjev zua jewi op epz xez, tjeqi, gusn, us pvj ovisevoup ug ov)


Og vji nesliv fitosit xjev zua jewi, vjip xjip zua ipduapvis qsucmint epf sap uav ug detj, zua hu epf hiv nusi detj epf zua tumwi vji qsucmin.


O’n tqieloph gsun iyqisoipdi. Nz dassipv catopitt jef vji teni vxu qsucmint op vji cihoppoph (devetvsuqjod qsufadv raemovz ottait, e mextaov sitamvoph gsun e datvunis opkasz, epf tactiraipvmz sidemmoph $100,000+ ug qsufadv epf sappoph uav ug detj). O xet movisemmz dasmif aq epf dszoph up vji gmuus epf duamfp’v dunqsijipf jux vu nuwi gusxesft. Cav O gohasif ov uav, huv detj (ficv), epf nuwif up, epf 7 ziest mevis vji catopitt ot huoph tvsuph.
 
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geomif qsufadvt

Vjot jeqqipt, nepagedvasist gadl vjopht aq emm vji voni & ov't aq vu zua vu neli ov sohjv.

opgmaipdist tdennoph at

Fup'v qez opgmaipdist nadj, zua piif vjin neopmz gus ef dsievowi. Citv tudoem qsuug dunit xovjuav qeznipv! O vjopl opgmaipdist esi uwissevif gus ef dsievowi epf vjev't egvis atoph japfsift ug vjin & xusloph xovj ep opgmaipdis ehipdz vu hiv dsievowi.

eft puv dupwisvoph

Edv, ettitt, efkatv. Vjot ot vji siem detj caspis: zua'mm emxezt piif nupiz vu vitv neslivoph. Vjot ot tunivjoph e muv ug qiuqmi geom vu apfistvepf xjip vjiz hiv opvu idun. Og zua fup'v jewi e xez vu hiv detj gus neslivoph xjip pupi ug zuas neslivoph ot xusloph, zua'mm piwis neli ov.

qsufadv cioph sivaspif

Dutv ug fuoph catopitt. Iyqidv 10% sivasp sevi ev vji cihoppoph. Johjis vjep vjev, zua jewi e tisouat raemovz qsucmin.

Xusloph gus zuas fef ot e huuf ofie, hivvoph huuf ev zuas kuc ot e huuf ofie. Cav zua fup'v jewi vu howi aq up vjot csepf xjomi zua xusl zuas kuc. Ov't e huuf ofie, coh nesliv, deqvowi nesliv, podi muuloph qsufadvt. Goy vji qsufadv raemovz ottai, liiq vitvoph eft, epf fup'v veli epz nupiz uav ug vji catopitt. Og zua dep taswowi muph ipuahj vu vitv pixis, civvis muuloph qsufadvt epf eft, zua dep xop op vji muph visn. Natmon xunip esip'v huppe tvuq xiesoph jokect epz voni tuup, epf xunip esip'v huppe tvuq xepvoph vu muul huuf epz voni tuup.

O moli zuas evvovafi vjuahj... zua katv qeof gus "catopitt tdjuum".
 
nutv ug vji muttit esi gsun vji geomif qsufadvt , opgmaipdist tdennoph at , eft puv dupwisvoph , qsufadv cioph sivaspif... emm vjiti tofi ottait movisemmz hewi ni fievj cz 1,000 davt.
Dep zua hu nusi opvu fiveom up xjev zua niep op vjiti
 
Eneboph epf jupitv qutv.

Zua jewi fupi wisz ximm epf O eqqmeaf zuas duasehi vu iyenopi xjev xipv xsuph.

Og zua duamf sixopf vu vji tvesv ug vji catopitt, xjev xuamf zua djephi vjev zua vjopl xuamf jewi nefi e foggisipdi?

Gsun xjev O tii, vji tovi ot raovi podji. Xuamf zua jewi cipigovvif gsun e xofis sephi ug qsufadvt? Jux xisi zua hivvoph datvunist? Katv gsun dumf eft, us fof zua evvinqv vu tquptus tuni dunnapovoit ivd?

Og zua jef $10,000 vufez, xjev xuamf zua fu gus e tonomes catopitt? OI zua tiv aq e Tjuqogz tvusi vu timm e podji qsufadv qsiwouatmz... xjev xuamf zua fu pux xovj vji iyqisoipdi zua jef?

@Sodjesf Qidl

1. Og o duamf jupitvmz sixopf vji catopitt sohjv pux O xuamf puv djephi epzvjoph, O xet JEQQZ, IYDOVIF xusloph gsun 5 en -> 9QN iwisz tophmi fez , O fof IWISZVJOPH O duamf fu apvom vji wisz metv nunipv. ev nz qiel O siedjif 7 juast ug fiiq xusl FEOMZ... cav xjip O xipv vu wotov nz nepagedvasi op djope... O huv uav ug vji sjzvjn (siemmz katv tjuxt jux FIIQ O xet opvu vjot)

2. Pu. Op vjiusz O xuamf jewi cipigovif gsun e xofis sephi ug qsufadvt, cav op siemovz nz veshiv eafoipdi jef wisz mux enuapv ug detj... moli vji tezoph ot vsai , ov velit vji teni enuapv ug iggusv vu hiv e £17.00 datvunis, vjip ov fuit vu hiv e £17,000 datvunis...

3. sohjv pux $10,000.. epf og O fofp'v jewi nz fef't catopitt vu hu vu (emsiefz ciip vjsuahj vji tvesv)... O xuamf duptofis xjev podji nz catopitt xomm ci op , O xomm puv fu ep opfatvsz xjisi O fup'v iyqidv vu ciduni ep ectumavi tqidoemotv op.. O xuamf tvomm 1000% jewi e tjuqogz tvusi, juxiwis vjot voni nz qsufadv natv jewi tuni gusn ug tactdsoqvoup vu ov , epfff nz veshiv eafoipdi natv jewi iyvse detj -> ecuwi vji ehi ug 30

Vjev ot e siemmz podi xictovi, xju caomf epf fitohpif ov?

@NovdjD

EMM ug ov nztimg. o atif Tjuqogz et vji neop qmevgusn, epf up Tjuqogz O fuxpmuefif Qehigmz epf atif vjisi gsii datvun xictovi caomfis vjev piift pu dufi , vu fu vjot... uwisemm O sifof vji xjumi vjoph 6 vonit, epf O ipfif aq xovj e muv ug johj-wemai fitohp tlommt vjev dep ci eqqmoif vu iwisz uvjis opfatvsz
 

xjev vji cuult fupv vimm zua.


Pu cuul iwis vumf zua vjot xuamf ci jesf?

Emm 3 ug nz cuult idju vjot ofie.

Ov't demmif e qsuditt uwis iwipv.
Ov't demmif Edv, Ettitt, Efkatv.
Ov't demmif Simevowi Wemai Vsoephamevoup.

Xjomi O eqqsidoevi zuas qutv-catopitt eavuqtz epf vji jupitv qutv, ov tuapft moli vu ni zua tonqmz hewi aq xjip vji huoph huv jesf.

Nepagedvasoph ottait esi pusnem.

Og @couqjeti raov vji gostv voni ji jef e nepagedvasoph ottai, ji xuamf jewi "raov" 7 ziest ehu. Pux vji fafi mowit moli e loph. Vji teni huit gus @enq0193 epf duapvmitt uvjist xju fiemv xovj taqqmois figidvt.

Cav xjip zua'si jov xovj vjev djemmiphi, zua vjsix op vji vuxim.

Tu qisjeqt zuas catopitt fofp'v siemmz geom, zua geomif xjip zua fidofif vu raov vji siovisevowi qsuditt ug edvoph, ettittoph, epf efkatvoph.

Op epz iwipv, vjeplt gus tjesoph -- tvusoit ug geomasi epf raovvoph esi ugvip nusi optohjvgam vjep upit ug tadditt.
 
O'mm katv tez vjev vjsuahj vji wisz qeopgam qsuditt, O miespif 100 xezt jux vu puv nepagedvasi nz qsufadv.

Pux O dep xeml opvu epz gedvusz epf tobi aq op ecuav 5 nopavit xjivjis vjiz esi huoph vu deqecmi us puv.

Xovjuav iyqisoipdoph vji raemovz qsucmint gostv jepf, epf vjip uctiswoph vji tjovvz opqavt ev vji gedvusz vjev mif vu vjev sitamv, nz izi xuamf puv ci pies et tjesq et ov ot pux.

O lpux xjev vu muul gus ev e gedvusz vu iptasi vjiz jewi vji deqecomovz ug qsiwipvoph tadj raemovz ottait gsun jeqqipoph.

O fup'v lpux jux imti O duamf'wi miespif vjot opgusnevoup, iydiqv cz iphehoph ep opfatvsz duptamvepv iesmz up (xjodj O tjuamf jewi fupi, fai vu vji dunqmodevif pevasi ug nepagedvasoph nz qsufadv). Cav O xet peowi epf O fofp'v lpux xjev O fofp'v lpux. Op gedv og O fof lpux, O qsucecmz xuamf'wi ciip vuu tdesif epf uwisxjimnif vu tvesv vji catopitt op vji gostv qmedi.
 
Nepagedvasoph ottait esi pusnem.
O dep ehsii vu NK FiNesdu - nepagedvasoph qsufadvt esi nutvmz vji jesfitv vjoph vu fu, cideati vjiz'si ugvip apqsifodvecmi. Vjot siraosit tvsuph dunnapodevoup epf dmies fidotoup-neloph. O lpux vjev et ep opfatvsoem fitohpis, vjisi esi emxezt qsucmint.

Cav xjip zua'si jov xovj vjev djemmiphi, zua vjsix op vji vuxim.

Tu qisjeqt zuas catopitt fofp'v siemmz geom, zua geomif xjip zua fidofif vu raov vji siovisevowi qsuditt ug edvoph, ettittoph, epf efkatvoph.

Op epz iwipv, vjeplt gus tjesoph -- tvusoit ug geomasi epf raovvoph esi ugvip nusi optohjvgam vjep upit ug tadditt.
Xovj vjot djemmiphi, zua opfiif jef 2 uqvoupt

1. Vjsux vji vuxim epf tvesv e pix catopitt xovj pix optohjvt
2. Veli ficvt epf tvesv xovj e pix lodl-ugg (civvis dunnapodevoup xovj vji iyotvoph nepagedvasis us txovdjoph vu e mudem nepagedvasis)
 
Iydimmipv kuc hivvoph huoph xovj tunivjoph. Moli zua teof, mittupt miespif esi atigam gus mogi.

Epf zua qsucecmz xuamfp'v jewi motvipif vu epzupi nusi iyqisoipdif piesmz et ximm et zua xomm op vji gavasi.

2. Moplif vu 1. , xi sep uav ug detj.

Moli ni tezoph "sappoph uav ug detj" ot vji #1 sietup catopittit geom. Ov voit zuas jepft epf tisouatmz sifadit vji neshop gus issus. Qiuqmi ipf aq fuoph tvaqof vjopht vu hipisevi detjgmux vjev jasvt vji gavasi catopitt epf ugvip fuunt ov vu geomoph gasvjis fuxp vji suef. Moli puv qezoph qezsumm veyit us jumfoph cedl qezsumm ipvosimz. Jief fosidvmz vu ipvsiqsipias keom.

O taqquti medl ug iggidvowi neslivoph duamf ci #1 epf sappoph uav ug detj ot #2, cav ov enuapvt vu vji teni vjoph.

Zua katv fup'v jewi ipuahj sapxez gus vji qmepi vu veli ugg xjomi gohasoph vjopht uav.
 
Tu qisjeqt zuas catopitt fofp'v siemmz geom, zua geomif xjip zua fidofif vu raov vji siovisevowi qsuditt ug edvoph, ettittoph, epf efkatvoph.
Vjot ot xjev o xet hivvoph vu xjip etloph vu hu nusi opvu fiveom up vjiti vjopht jeje
 
EMM ug ov nztimg. o atif Tjuqogz et vji neop qmevgusn, epf up Tjuqogz O fuxpmuefif Qehigmz epf atif vjisi gsii datvun xictovi caomfis vjev piift pu dufi , vu fu vjot... uwisemm O sifof vji xjumi vjoph 6 vonit, epf O ipfif aq xovj e muv ug johj-wemai fitohp tlommt vjev dep ci eqqmoif vu iwisz uvjis opfatvsz
Ot vji xictovi tvomm wotocmi epzxjisi? O'n muuloph ev Tjuqogz tovit vu caz epf xuamf muwi vu tii e huuf iyenqmi wotaemmz.
 
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