I am out of business (Advice for businessmen going out of business)

By M.Farouk Radwan, MSc.

I am going out of business

So you are going of business, having a tough time trying to save your business or you are going bankrupt?

I know how hard it feels to find that the business you have been building for years is failing and i know how tough it can be to let go of something that you are really attached to.

But these aren't the only facts i know about the business world. I know many other facts that can help you survive even if you are going out of business and that can help you come with a even better one than the one you currently have.

I decided to write this post to empower all of the business men who are facing tough times with their business or who are about to to be forced to go out of business.

Things you must know if you are about to go out of business

I faced a similar situation when the investments business i was running had to stop and below are the best advice i ever came across that can helped me get over such a tough time:

  • The businessman made the business, the businesses didn't make the business man: You made the business. Your mind, your skills and your knowledge brought this business to life. This business wasn't here few years ago before you invented it and brought it to life. If you are now going out of business just remember that you are the one who once created it and just like you brought it from nowhere you can make an even better one from scratch
  • You know a lot about the business world: If your business failed or if you are going out of business then remember that with all the knowledge and experience you acquired during that period you can start all over and achieve your same level of success in less time. If you didn't go out of business yet and if there is still little hope then don't forget that you created this business from scratch and that fixing a sinking ship is much easier than building a new one especially if you were the builder who initially built it.
  • Business die, business men don't: In the business world Its so common that a business dies but what's not acceptable is that the business man dies too by deciding to give up on his business. A single business man can build tens of businesses so don't let a failure of one of them, even if it was the only one you had, bring you down.

Why you shouldn't feel bad if you are going out of business

Do you know that The founder of the company Honda went for many interviews to work for the Toyota company and was rejected?? The man decided not to give up but to even come up with his own automotive business!!

Bill gates idea of a computer with a mouse and graphical interface was made fun of and even though this happened to him he decided not to give up and to have the last laugh by creating one of the biggest computer businesses the world has ever heard of.

Stephen king's first novel got 30 rejections!! but the man didn't give up until he became one of the most famous authors.

There are lots of similar stories about business men and successful people who were at one point of their lives forced to go out of business but refused to give in and forced their way to success.

Save your business or create a better one

Do your best to save your business but if you failed and found that you must go out of business then create a better one.

Few years from now you might remember this moment when you decided that you won't let go of your Dreams even though you were about to go out of business.

Get up on your feet, start all over and you will do it.

I have managed to become a self made millionaire at the age of 28. This didn't happen by chance because i already wrote that goal down five years before i accomplished it. Becoming rich is not about luck, starting big or being intelligent but its all about having certain beliefs about money and life.

In The Ultimate guide to becoming rich i will teach you everything that you need to know in order to become rich.

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