I thought I would share some insight with you about my personal life that may help you in business, in investing or just in life in general. As I was touring the internet for random videos, yes as I do, I stumbled across Anthony Robins the motivator and life coach. He was discussing failure and how failure holds people back. With the countless people I meet in my business, the fear of failure too holds them back from making those big jump decisions, such as changing jobs, moving states, buying an investment, investing money or starting a business. But as Anthony stated if you learn from failure, it’s an experience, don’t forget that.
In my business I have made failures, I over invested and was sucked into advertising systems numerous times, one was over spending in the Yellow Pages, another was with a TV ad. In those two examples, it wasn’t the sales persons fault, it really wasn’t any one’s fault, the delivery didn’t meet the outcome, it can happen. My biggest failure however was opening a retail store, actually three of them with my wife. The principal of the store was fine, but during that time the GFC struck and the locations of the shops didn’t help our business model. What happened was we bled money, we had pride we fought it out, until it got to a point where we decided we have tried but now it’s time to stop.
We lost over $100,000 in our money giving it a shot, does this make us a failure? My answer is No. Did it stop us reinvesting into our other business? Of course not! We learnt from it, we learnt to process decisions more effectively, create stronger strategies, and most importantly the lessons we learnt we have been able to guide 100’s of our financial clients. We have been able to help people avoid making the mistakes that we made, so not only have we learnt, but others are also and luckily enough we can save people money. So even though at the time we lost money, we have probably saved more than that through future decisions and clients decisions.
So as we head into the Christmas and new year period, a time when people start thinking about life and what to do with it, I implore you all to not fear failure. Have a positive visualisation of what you want to do and when you are ready, do it. Don’t be afraid to seek advice from the right person, too many people are conservative and will attempt to hold you back, because their fear that you will succeed and therefore they will fall further behind, don’t lets those type of peoples negativity stop you. Surround yourself with likeminded people, positive people, a group that will encourage you to develop and shoot for the stars.
If you have had similar experiences or would like to ask any questions I would enjoy hearing them