Failing, flaming out, going bust, belly-up, washed out, broke-busted and can’t be trusted….All of these things a “GOOD” for a entrepreneur, CEO, COO, SEO or anyone who has the power to make or brake a company. Here are my 11 reason why I feel this way.
1. Failure brings out your true character. If you crumble when things go bad, you win never be able to handle the pressure if things go great.
2. Failing MAKES you think on your feet at all times. When things are good, sometimes we get lazy and stop thinking on your feet but when you are in a “fucked company” and you are the Head man in charge, you are forced to think on your feet at all times.
3. Failing teaches you how to better respect your time and money. When you are operating a “fucked Company” the two things you have least of is time and money and once they are gone, all you can think about is how you could have spend, saved, and used your time and money better.
4. After failing you know soooo much more then when you started out. Before I started a company I had no clue as to how to run one. Now that I have many years of experience as a Part Owner/COO I know a lot of the right people, I know a ton of ways to save money and when it comes to talking with other company owners in my industry, I have a long track record of experience to pull from.
5. Spotting bullshitters and timewasters becomes easier. When you are new to running your own company you will try anything to get people on board just so you have reference’s to bring in bigger game. In doing so most likely you will make bad deals and get screwed out of money owed to you because you are so eager to make “any deal” happen.
6. After failing you have zero tolerance for workers pissing away time during work hours. The one thing that will always be true for business owners is that workers don’t care if a company does well, they only care about keeping there job. Knowing this now from experience, I am always on the lookout for workers who are harming my business by not giving all they can to get the job at hand done.
7. After failing in biz, its amazing how you watch your budget tighter. Really we need to look no future then the first Internet bobble bursting to see too many example’s of companies not spending there money correctly.
8. Not to be a Dick but you learn how to let people go and at the right time. On my first go, me AND my business partner had so much trouble trying to let go people who we really no longer needed. As a result of letting people stay on WAAAAY longer then they should have, it really hurt our bottom line as a company.
9. When doing well, don’t just kick your feet up and check your stats every hour as this can lead to failure. This can be a fatal blow if done for too long. In business, always be looking for another deal or even another biz model if you have maxed out your current one.
10. Failing actually give you self confidence. After failing you can look back on the things you did right and the things you did wrong and move on to do bigger and better things now that you know what works and what to avoid (something you had no clue of when you first started out).
11. Because you got in the game. There is nothing like hands on experience and you can only get this by running your own biz. A Lot of people will sit on the sidelines judging you but unless they are or have ran there own biz, they can’t tell you shit:)…….
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