Starting up a small business is no joke. It takes a whole lot of hard work, sacrifice, goal setting, and determination. Venturing into business is like taking a gamble, you never really know if you’ll get the returns you expect. It’s a sacrifice you must be willing to take—it’s a long, hard road to success, as they say. But once you get there it’ll all be worth it.
Many business owners have had to lose money in the first few months and even years of running their business. You won’t instantly get the income you expect, it’ll take time before sales and clients start coming in and then you’ll feel the fruits of your hard work slowly paying off. On the other hand, there are so many cases where bad business decisions and lack of goal setting just takes the best of people and they end up giving up and closing down. Sometimes the losses are just too much to handle and the business just fails to sustain its operations. These sad stories happen all the time.
So what do you do when you’re in the middle of a newly started business and you feel like nothing’s working out, everything just seems to be falling apart, and you’re so ready to quit? As far as you’re concerned you did the best you could in goal setting, planning, and preparation before you invested on your business… but you just didn’t see the economic downturn and other unexpected factors coming at you.
‘Quitters never win!’ Instead of losing heart and dwelling on what now seems to be wrong business decisions focus on the positive and start doing something.
Below are some practical tips on how to pull yourself from quitting and get back on track:
Pull yourself together and ask yourself if you really want to succeed. Quitting is not the way to success, goal setting is. If you are willing to get coaching, training, and whatever extra learning is needed to get you the help you need, then you are on the right path.
Reflect on yourself, your business operations, and even your staff. What are you doing or not doing that’s not working? Sit down and be honest.
Seek support from people who have found their way to success. Be humble enough to listen to them and learn from their mistakes. A trusted mentor may be your compass to success.
Now, the only way up is hard work and more hard work. Nothing comes easy—at least not success. With a new game plan on hand, better goal setting should come to play, set action points and refocus yourself on it.
Perseverance is key. Like a baby, you need to see your business’ growth step by step. There may still be setbacks, but you’re better than that and you’re not backing out this time.
Never make quitting your first option when times get rough. Take it as a hurdle you need to jump over. Things get easier as you keep learning the ropes. Business growth and success does not happen overnight. It’s a long and, often, difficult process that you need to endure. But the fruits are sweet once you get there!