Feras Alhlou reflects on his failed business and what he learned. Hard work doesn't guarantee success; external factors like pandemics and market conditions matter. The real move is extracting lessons, considering a pivot, and trying again with what you now know.
Hey Feras, my business failed, but I worked really, really hard on it. Do you have any advice for me? In business, success is not guaranteed. No matter what you hear on YouTube, there are no shortcuts to success. And at times we give it our best, we vet the idea, we work hard, we put a lot of money in, but at times external factors outside of our control limit us from growing, or at times they force us to shut down the business. It happens. The pandemic was a recent example, and other economic and market conditions at times force us to either pivot or call it quits. So sometimes you give it your best, but you don't succeed in this specific venture. My friend, don't consider this as a failure. Learn from that venture. And yes, maybe it's a very hard lesson. Maybe you had a horrible partner and that was maybe the cause of the failure. So learn from that experience and go out and work harder on the next venture, and you are more likely to succeed.
