Strategies For Success After Failure in Business & Life

As part of my life journey I have faced many ups and downs in our business life, I’ve experienced the giddy heights of quick and meteoric success in business. Building up a company worth many millions of dollars and then an equally disastrous loss of fortune due the Asian Financial crisis of the late 90’s. This saw us losing large sums of money, in fact all of it bar a few dollars, many properties and most devastatingly, our family home. It truly was the most challenging time our family had ever faced.

The greatest toll it took on me was emotionally. It was extremely difficult for me to see this ‘failure’ for what it was; a set of external circumstances beyond our control. For me I felt like a personal failure, it was my fault and I let this keep me down for many years. I buried my natural creative, entrepreneurial nature and got busy focusing on our 3 very young children. I allowed my feelings of shame and humiliation to rob me of many years and almost every shred of confidence I had.

Today I was privileged to attend an event in Wellington called “Women and Wealth” where the keynote speaker was Suzanne Paul, a public figure in New Zealand, founder and inventor of the ‘Natural Glow’ cosmetic empire. Due to a new business venture failing, Suzanne has also experienced a very public loss of everything, including her self esteem and confidence. I have always admired her courage in sharing her story in her book and via interviews and speaking engagements. Like a lot of women, I have followed her story, been inspired by her sheer guts and determination to pick herself up, dust herself off and start over. Having slowly done the same myself firmly believing the mantra… “But wait, there’s more”

“Most great people have attained their greatest success just one step beyond their greatest failure”. – Napoleon Hill

This quote from Napoleon Hill has given me strength and encouragement each day since I found it. If I’m experiencing any defeats in my day, I will open my iPhone and flick up this quote to inspire and motivate me to just keep going, put one foot in front of the other and move towards my goals.

If you find yourself in the same position, are 4 essential strategies to help you find your confidence again, you may be looking for whiz bang hard edge business strategies but I can assure you that healing your relationship with yourself first will guarantee you success in all areas of life and have you moving forward…

Forgive Yourself

Find a way to make peace with your past defeats, analyse ‘why’ this happened, find out all the outside influences that lead to the circumstances of your failure, examine your own decisions, identify what you could have done differently, learn from this lesson. By truly understanding what happened analytically, you can be confident of not making the same decisions again that lead you there. Now move on… and realign your focus and start on your new future.

Make a Plan for your New Future

Write your goals, dreams and aspirations out in a notebook, prioritise them and make an action plan of small steps you can take each day to reach these goals. If this is a new experience for you, start with small easily achievable goals. The fact that you are working towards them and achieving gives you confidence. each small achievement give you more confidence to tackle bigger dreams. Be Persistent.. Keep going until…

Change your Energy & Environment

Start to turn your energy around to a positive resonance and surround yourself with positive like minded people. Get out of your house and your comfort zone and find people who are going where you want to be. Reprogramme yourself. ‘Fake it til you make it” or acting ‘as if’ you are enthusiastic, energised and motivated each day will soon trick your brain into actually being & feeling this way. When you are surrounded by happy motivated people you can not help but feel the same way. And curiously they will be drawn to your positive and motivated energy, giving you perpetual support and encouragement.

Plan for and enjoy a holistic Life

Remember although we are primarily addressing business success from failure, leading a life balanced with good health, a loving family environment, caring and supportive friends, charity, achievement and wealth is a successful life indeed.

Successful Investing in Self and Wealth.