I’ve always been an ambitious guy. As a child, I dreamed of having my own business and making a lot of money.
I was determined to make it happen, so I started working hard and saving up my money.
After army, I enrolled in uni with the intention of getting a degree in business. During my time in uni, I took classes that focused on entrepreneurship and business management.
I was determined to learn as much as I could so that I could start my own business as soon as possible
Once I graduated, I had saved up enough money to start a few businesses. I bought a few storefronts and started my own stores. I also bought a few websites and started my own online businesses.
Things started going downhill
Unfortunately, things didn’t go as planned. After a few months, my businesses weren’t making enough money to sustain themselves.
I was quickly running out of money and I knew that I had to make some drastic changes.
I decided to take out a loan from the bank to give me some extra cash. I was sure that I could make the payments on time, but I was wrong.
I started to miss payments and eventually, I was unable to pay back the loan. I was declared bankrupt and all of my businesses were closed.
It was a very difficult time for me. I had to start over again and rebuild my life.
Reflected and realised mistakes
I had to learn to manage my money better and I had to make smarter business decisions. I also had to accept failure and learn from my mistakes.
Most importantly, I learnt that I cannot be too over ambitious wanting to achieve so much in a short time.
Running businesses is a marathon and not a short sprint.