fuggin business failed. Second time.

[juiceddreadlocks]

how do you know when your business is failing?

like if some months you make money and some you break even...

how long would you let that go on for?

Nah it's more like I was consulting for a doc wanting to open a sleep disorders testing center and he's leaving me high and dry for time worked plus cutting me out of the loop for a durable medical equipment supplier contract.

 

[heavy_duty]

PRICK
kick his ass

 

[Mr. dB]

Sue him.

 

[Razorguns]

you lost money or time?

never commit to money unless all ducks are in a row. and mitigate that risk.

time - you can get it back, or chalk it up as a good learning experience. you learn more from doing and failing, than sitting in a class.

 

[juiceddreadlocks]

you lost money or time?

never commit to money unless all ducks are in a row. and mitigate that risk.

time - you can get it back, or chalk it up as a good learning experience. you learn more from doing and failing, than sitting in a class.

money lost was only in the hundreds, but it was out of my pocket directly. Time lost was significant, only in that I didnt take on another project from trying to keep this one going.

 

[biteme]

I have a non-profit sleep lab in my room with a king Size Serta and two cats that hog the bed....and a girlfriend who makes spitting sounds in her sleep when she's drunk...

Dude are you sleeping with my girl friend??

 

[biteme]

That sucks.

I really do believe though that the difference in winners and losers is perserverence. Losers have a failed business and then just give up on everything. Winners may fail 10 times, but on the 11 make millions. You just have to keep educating yourself and learning from your mistakes.

I think that's bullshit. Sometimes people just run out of money. How in the hell are you going to get the money to start a new business 10 different times? I think there's a lot of luck involved too.

Btw, I'm not rich, but I'm a winner because my body is a temple of god and most people look like a sack of shit and can't run 5 miles. It's all relative.

 

[heatherrae]

I think that's bullshit. Sometimes people just run out of money. How in the hell are you going to get the money to start a new business 10 different times? I think there's a lot of luck involved too.

Btw, I'm not rich, but I'm a winner because my body is a temple of god and most people look like a sack of shit and can't run 5 miles. It's all relative.

????


Ummmmmm....???

Nevermind

 

[gotmilk]

are you losing any sleep over this?

 

[roadwarrior]

That sucks.

I really do believe though that the difference in winners and losers is perserverence. Losers have a failed business and then just give up on everything. Winners may fail 10 times, but on the 11 make millions. You just have to keep educating yourself and learning from your mistakes.

to paraphrase Myamoto Musashi and my sensei... the difference between a winner and a loser is a winner gets up one more time.

Business failure sucks but risk can be mitigated with proper SWOT analysis, research, planning, metrics, and harsh honesty with oneself about one's chances for success.

Not that anyone here did not do all that... nothing in life is guaranteed. I'm in business with 3 partners now and we are bootstrapped. We've done VC backed business before and don't like giving up final control to them. Some of those businesses succeeded and went M&A, others failed and went bust even with many good minds working on them. But one thing I learned was that it's not personal, it's business. One has to make hard decisions even if the hurt some people.