The downfall of an Enterpreneur

<Google is the best Dictionary>

When you need someone to teach you how to operate your life, Google is always there for you

You will understand when you finish reading this blog

When you have the Opportunity to leave your company, live a good life by having a small business all by yourself, does that sound promising to you? Or would you prefer something so huge that it will definitely leave a good impression to your country or your community?

I was once being motivated by my dream, people and resources to operate my own business, everything started smoothly and business is coming in and more business is pouring in as this mean great but there will always be a hole created just for you to fall. From my previous blog I believe that you all understand what situation I am in right now and I am trying to fix it as fast as possible and as hard as it can be. Till today I still can’t accept that my Business failed, but then I am thinking why not let me share it out together with you all the story of an Entrepreneur that goes down hill.

According to http://under30ceo.com/top-6-reasons-beginning-entrepreneurs-fail/, there is 6 reason that why a newly establish entrepreneur will fail in their business venture. Exp:

1. They start a business for the wrong reasons.

2. They don’t develop the essential qualities of successful entrepreneurs.

3. They don’t have enough come-up capital.

4. They immediately seek grants, investors or substantial loans.

5. They don’t understand and underestimate the power of marketing.

6. They focus on fixing their weaknesses.

<Please go through the whole webpage link before proceeding to the next paragraph>

My business failed is connected to number two, four, five and six. Let me explain why and how I fall into all this category and the worst part is my business is a partnership business which will lead to even more troublesome conclusion.

I started out my business with the right decision and choice, I found a 2 friend that soon became my business partner without any agreement document (wrong move), but the nature of my business does not need us to come up with any huge capital so we are able to proceed and grabbed a lot of business deal. I split up my business partner according to their capability which is Marketing, Event Consultant, Advertisement and I am in-charge for overall dealing and decision making. I came up with the idea of fair profit sharing and everything went so well that I didn’t notice that I am actually making a very wrong decision. My Business covered a lot of different aspect but everything is related to service industry.

<The Break Down>

So now you all understand that my business is a “Service” type, low cost high profit, moving on to the right direction as I fully covered the whole business structure from Marketing to closing down the deal. The main reason of the break down? Partnership issue and non focus for one type of service.

I tried to cover too many different type of business dealing which eventually boil down to the issue that there is not enough time to handle everything with the limited human capital that I have. I tried to control myself and even call off a few deals just to cater the one that is in hand first but things turns out to be even more ugly as one of my partner decided to be a jack ass by giving us all excuses and quarreled happen between business partners that jack ass even cause us more trouble that involve us to Police case. I can’t blame them as it is my mistake for not choosing the right person into this business venturing. I tried to survive all by myself without actually having proper meeting with my partner and the line is not clearly drawn, which resulted every partner is doing their own way as none of us share the same Vision nor mission. I dare to say that our service is the best which is fast and efficient yet affordable, but without the team work, the whole company started to crumble and non of us are able to survive, for them, they can just proceed with their life and work for others while this company is my dream, my bridge to bring me back to Switzerland. I can’t let it go without giving it a last shot till well few months back I decided to give up and have a normal labor life.

From my previous post, you will understand my situation and now you will understand that I am the one that cause myself to be in this position. Everything had fallen apart, and yet I am still trying my best to survive to make sure that one day, I will be back with even more experiences, networking and proper business plan and business partner.

<Lesson>

1. Never rush into making any decision by yourself.

2. Learn how to let go.

3. Choose the right person for the right job.

4. Always state down an Agreement between partners in business to make sure that everyone understand that this is not a joke.

5. Never allow yourself to be control by your pride, ego and Emotional.

6. Always learn from your mistake as it is the only way to rescue yourself from going even deeper mistake.

7. Always follow your vision and mission that you set and stay focus with it.

8. Always prepare sufficient credit for your business.

9. Proof to yourself first before inviting investors to invest in your company.

10. Advise can come from anyone but good advise never comes cheap.

11. Never give up even if you fail more then 300 times.

12. Don’t get greedy.

13. Never mix up the 5 element for a peaceful life which is:

         – Family

         – Personal

         – Business

         – Money

         – Friend

<Google has everything that I wrote down here and lesson that I learned from the hard way>

<but why I didn’t notice about it?>

<RemembeR>

<Good things never come easy>

<Nothing is Impossible as Impossible is Nothing>

<Failure never determine a person to be a Failure>

<The time when you give up, is the time when you determine yourself to be a failure>

<Work Hard and Work Smart>

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Appreciation or Responsibility ?

23rd June 2012, is the day where by it is a big day for me and my future wife (current girlfriend) as it is our 2 years anniversary. For the past few days, I had been thinking that is it because of responsibility of what she did for me in the past few months (8 months) or is it because of the love that we both appreciate it so much that we can’t live without each other?

Appreciation <> Responsibility

I will tell you my story that lead me to this question of whether am I still deeply in love with her or is it because of the “debt” that I owe to her that makes me feel that I must take responsibility of this relationship.

I started my relationship with her at the age of 21 in the month of June. 23rd year 2010. We both studied in the same class but we never talk to each other since the first semester till almost graduation, I made my move and she accepted it. The sad part is, we both live in a different states, and we will be separate for gods know how long, but I took the initiative of coming down to the big city every week and travel back to my small town after accompany her for few days especially during the weekend.

Life was good back then, I had a good income around 1,+++ usd per week during weekdays and travel down to the big city just to accompany her and stay in nice hotel plus accompany her to watch movie and do what most couple will do. One day, I am being force to study my Master (Master in Hospitality Management, Events and Entrepreneur Development) in Switzerland. I have no friend nor anyone in that country so I spend most of my time in the room and calling back to my girl (skype, credits). It is a burden for me when I am there as I spend most of my money and even my parents gave me money too. I kept drinking and doing my assignment all the time. I just want to graduate as fast as I can and wish to go back and see my girl as soon as possible. I had an interview with a few Swiss company, and basically I got a job there, but NO!! I decided to go back to my country because of my girl, if not I will be having a great life in Swiss by now and I will not be facing all the money issue.

I came back to my country, but then I found out that things has change in my country a lot. The job that I had previously for 1,+++ usd commission per week has become hard to do. I can’t afford to have my glorious moment back, same as how I spend my luxurious time with her and staying in hotel is  almost a history for me till today. She cried….she is so touch of what I did for her and I am the luckiest guy as she is not a type of girl that will demand for Gucci Prada or Gordon Ramsay as her chef. She helped me to find a cheap hotel (motel) and stay with me every time when I visit her. We discussed and solve a lot of issue, such as, should I come down to the city and work because I can’t afford to travel down often anymore. My money is so limited and I really need a job badly if I want to sustain my life/relationship with her.

After 3 months of working, I made my fortune and came out with a great business plan, found a few business partner and started my venture until one of my partner decided to troll us all and I fell into a very bad situation which I need to start borrowing money to sustain my company and she started to sense that there is something wrong with me as every time when I meet her up, i will be either tired or in a very bad mood. Finally I broke down and spill everything, she felt guilty as I will not be in this situation if I were to stay back in Swiss. She felt guilty that if I stay back in my hometown, I will not face all this issue at all. She decided to give me all her saving money to me without any second thought to hope that everything will goes back to normal. I told her that I swear that with my life, I will return all the money to her and with my life I will make her proud again to have me as her special one.

My company and I had fallen so deep into trouble that even all her saving and ideas hardly change anything but my situation worsen. I am surviving my life now with only 5 usd per day and I still have a lot of debts that I need to clear off, so I decided to get a job again but this time, it is hard. I worked with a company for a month but they never pay me ( all the staff) too. I can’t take it anymore so I changed my job again but they will only hire me back at this month end. As days pass by, she kept encouraging me to not lose faith in myself, don’t give up and I know I won’t because I made a promise that I will make her proud.

23rd June 2012, this coming Saturday, it will be our anniversary but, I don’t even have any extra money to buy anything or celebrate with her. I felt so useless, but again everyday I am trying to find extra money from doing site job at home for people to make a few bucks. I am trying to survive. Something struck me in my mind as I started thinking, Why am I still in this relationship? why is it that she is still in this relationship? I started to think that is it because of the promise? is it because of the debt that I owe to her? Is it that I am as guilty as how she feels? I decided to calm myself down and starting to gaze into my memory till today and I found out why that I am still in this relationship.

WHY?

The answer is simple

Because:

We are still young and energetic

We still believe that “the day” will arrive

We are still waiting for the miracle to happen to both of us

We still believe that nothing is impossible and nothing will stop us

We are still deeply in

LOVE

“No matter what happen in this world, No matter what happen to the society, as long you “Believe” it, there is always hope”

“The day when you are in a coffin, that is the day whereby you can tell others, I tried my best”

“Die trying & Keep Fighting”

” Always Appreciate”

&

 ” Be grateful”

All of Me

When I am down in my life, music…a true classical piece of instrument will really cheer up my day and sometimes it will inspire me to even do more greater work or spice up my idea for my job. This is one of my favorite, by Jon Schmidt, All of Me, got it from The Piano Guy in youtube. Hope you all enjoy it. Cheers and have a great day.