Thursday, March 8, 2007

Tried but failed?

I made a decision 3 years ago to become financially-free before retiring time comes. So, I went into doing my first ever attempt on business. I started with lending and merchandising having money, cellphones and other goods as my products for credit. On the 1st year, it was doing good so I decided to enter another business on events management with 3 of my friends. It was established in a partnership but registered as sole proprietorship under the name of one of the partners. It was a very hard start with tight money as capital. The business run for a year and was later liquidated together with my lending and merchandising business. It was a tough try but a good one. Tough because I did everything to make it work but really failed. However, it was good because I’ve learned so much from it. I learned what it takes to be an owner-employee. I learned how to take risks, I gained friends and network, I learned to work under my limits (tough times in business bring you to your limits and challenging your ability to troubleshoot hoping that the situation can still be saved), learned to accept disappointments and still look forward for another try. To fail is really painful but it brings you a lot of good things in your character, skills and knowledge. Trying to run a business was the one thing I really can say that I tried my hardest but only failed.