How to Overcome Major Business Setbacks 👊🔥

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Have you ever felt like the universe was conspiring against you? That one moment, everything is going great, and the next, it all falls apart? 😏

I know I have. Life can be tough, but it’s how we bounce back from setbacks that define us. So, if you’ve found yourself facing a significant setback, don’t give up just yet! I have some tried and tested tips that will help you get back on your feet in no time. 💪😆

Let me tell you about a friend of mine who faced a massive business failure. He had worked so hard to build his business, and then suddenly, he lost everything in a market crash. 

He was feeling defeated and lost, but he reached out to me for advice. And, boy, was I happy to help!

Here’s what I told him: You need to start by regaining your confidence. Once confidence returns that’s when you can get back on the right track. Otherwise you’ll keep on making mistakes and thinking small… mostly out of desperation. I’ll explain more of the ‘hows’ in the video. 

But don’t stop there. You also need to think about the big picture. Where do you want to be in ten years? What’s your ultimate goal? By taking a long term perspective, the short term setbacks look like a small detour rather than a catastrophic event. 

And, of course, it’s important to find your “why.” What drives you to succeed? Is it the love for someone special, a desire to make a difference in the world, or something else entirely? Whatever it is, keep that motivation close to your heart and let it propel you forward.

But let’s not forget about one of the most fun ways to boost your confidence: exercise! Did you know that working out at the gym can release dopamine, a natural feel-good chemical that can lift your spirits and make you feel more confident? Plus, getting in shape and improving your physique can give you the confidence to achieve more in all areas of your life.

Finally, always remember that you’re not alone in your setback. Millions of people worldwide face similar situations every day. So, don’t beat yourself up too much. 

Instead, focus on regaining your confidence, setting small goals, finding your “why,” and taking care of your physical and mental health. With these steps, you can overcome any setback and emerge stronger and more resilient than ever before!

So, the next time life throws you a curveball, take a deep breath, and remember these tips. You got this!

Be sure to watch  the entire video below! 👇 

Video Transcript

 

So a friend of mine came to me recently and asked me this question how do you overcome a huge
business setback? And so let me give you some context. He’s basically lost a lot, basically his life
savings in crypto recently with the recent bank collapses and all that, he’s been totally wiped out of
all his savings. And the reason he came to me is because he knows that I was wiped out in 2008-
2009, during the global financial crisis because I was into property back then and I was completely
wiped out. So he came to me for some advice. 

So I reflected on that and these are some of the very practical tips that I gave to him. So nothing fluffy here, just sharing from personal experience. And look, this is not the ultimate advice, but this is what worked for me and what helped me to get back on my feet and what I wish I knew back in 2008 so that I could get back on my feet faster. So I’m sharing this with him and I want to share this with you today with the hope that it could possibly
help you as well. So first thing is that when you go through a huge setback, the major thing you need
to regain is your self-confidence. Because like me, I was completely shattered. My self confidence
was so low I lost my mojo. I felt that I could not do anything. I felt that there was something wrong with me.

So first of all, you need to overcome that lack of confidence. You need to regain that confidence. 💪


And what you need to do is to set small goals, just small, little goals, like every day. Just go and do something little and make and celebrate that as a win. The whole purpose of that is to h
elp you to regain your confidence. So say for example, you need to set a goal. Maybe it is a simple goal of just hitting the gym, right? Or it may just be a simple goal of just writing one blog post or recording one video, something like that. 

That just gives you that sense of confidence again, that you can actually achieve things. And as you complete it, make sure you tick it off. Set daily goals, weekly goals, and just freaking focus on them, right? That’s it. And while you’re doing that, also think about the vision of yourself where you want to be in ten years time. Set yourself a big, exciting, hairy goal that wow, you can achieve that in ten years. And I know it may be hard at that stage when you’re really low, but if you can set a goal that really excites you, that there is a vision, that ten years time
you will be in a certain place, in a certain way, that’s going to excite you and make you, I guess, get
back some of that ‘zing’ in life, right? 

So make sure that more importantly, get back. That why. And that’s the other thing you probably need to
have that ‘why’ again, why you want to be there in ten years, which is super duper important
. And for me, the big why was when I had my daughter, right, in 2011, I was still feeling really low, really down. Trying to get myself off this deep hole. And my daughter gave me the impetus to actually say, look, I can’t live like this anymore. That was my ‘why’ I was fortunate enough to have my daughter at that stage. But maybe your why is something different. Maybe someone you love, someone your parents, your loved ones, someone or even a purpose that you believe in, right? And that can be your big why as to why you want to get yourself out of that hole. 

Right? And I guess the next thing is as I alluded to is to actually do physical exercise. For me, going back to the gym was one of the big things doing that training. And that’s because of a chemical effect, dopamine effect, right, where I’m working out, I’m gaining muscle, I’m looking better, I’m feeling more confident in myself. So when
you regain that body, the strength and that body, the looks, that gives you the confidence that, hey,
if I can achieve this better body, that you can actually achieve more in your life as well, right? 

So that is the other thing I would highly suggest, because the gym resistance training creates that Dopamine
in your body and gives you that confidence back as well, right? The other thing to remember is that
you’re not the only one going through that.
There’s probably millions of other people that’s going
through that same situation. Like I was back in 2008, 2009. I know there were hundreds of
thousands, millions of people. And look, yeah, I mean, the whole thing is not to get into a pity party
with all these other people, but know that you’re not the only one, right? You’re not the only dumb
person that made a mistake because there were other people that made the same mistake. So even
smart people that made the same mistakes. 

So you can’t blame yourself for it because in situations like this, there’s also a lot of things that you could not control. Like when the global financial crisis hit, there were things I could not control. So there is a tendency to blame yourself for everything, but be aware that some of the stuff that is that you really could not control it, right? So stop blaming yourself for stuff. Take responsibility, learn from the lessons, but do not blame yourself for stuff, because if you blame yourself, you just keep putting yourself down and that hurts you both from an
energy psychology perspective, and that’s not good for you to move forward. Okay? So just
remember those things as well. 

What else? Okay, so the final thing I would suggest, and this is what I was fortunate enough to find a coach, a life coach. So that is something I highly suggest as well. Get life coach, get therapist, talk to them and to help you resolve some of these issues faster, right? And if you do not have, if you’re completely wiped out and do not have any cash or whatever, the other thing you can do is to journal, right? Journal in a way that what are the lessons you’ve learned from these situations and what are good things that can potentially come out of it. So journaling is
probably the other thing I would suggest that you do anyway.

 And the other thing with the journaling, you don’t need to just write what I find really useful is that I speak it out, right? So this is my practice now, daily practice right now is to actually speak out my journals every day instead of
just writing it. And that speaking it out makes it more real for me
. And it’s like kind of like I’m
expressing what’s in my mind, in my subconscious and then my emotions much better than writing.

So, yeah, that’s the other thing that you can try doing, and I’m sure you feel a lot better once you do
this journaling as well.

So these are my tips. I hope you like it and feel free to share any more tips. 🥰

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