By Charlotte Kemp
Never walk away from failure. On the contrary, study it carefully — and imaginatively — for its hidden assets.
I saw it coming for awhile, and eventually the awful decision time is here. I have declared a voluntary liquidation for my business, and it is only voluntary because we are probably a few days ahead of our creditors setting their lawyers upon us.
I owned a franchise business as well as the speaking and training I do professionally, and it was the franchise business that has gone under.
Just like everyone else, I have an ego and pride, and this is hard to take. I have failed. I have made mistakes. I didn’t listen to advice that was given to me. I thought I knew better. Well – the list could go on. In fact it does go on and for quite some time.
I joked, sort of to keep my spirits up, that one day I would write a book about all that I have learned in the process of losing this business and losing all this money. It is always good to reflect on one’s mistakes and to learn from them. It is useful so that you can at least recognize a case of Deja BooBoo – when you feel you have made the same mistake again. But if we are really going to grow, then we need to do the difficult task of changing. Fail – observe – change – observe again!
But last weekend, there were so many thoughts rushing through my mind about what I had done wrong and what I would never do again, that I actually sat down and outlined a book! I got to about 40 things, 40 lessons I had learned or mistakes I had made on the way to this business going broke.
These 40 things need to explored and considered, and I know there are more. So I invite you to join me on this study. Please tell me what you think about the mistakes I made or lessons I learned. Add your own that you have discovered. And feel free to suggest something I may have missed. I like neat numbers so I am sure we can round this off to 50 things. Please come and help me find the hidden assets in this particular failure.