Failure at a Startup
Episode description
Coping with failure is hard however coping with the failure of a business is even more challenging. Your life from money to time to ego all get slowly drained over time with a failing business however the final bankruptcy is the hardest part. It is the final nail in the coffin meaning there is no hope left.
There is a lot of self reflection and doubt in failing. What if I would have done things differently? What if I would have had more help? What if I would have fixed a very specific problem? It is important to learn from the failure however there are many things that you will never know.
Lessons I learned from this failure is how to manage employees, when to cut your losses, how to run a successful marketing campaign, how to program, the basics of analytics, the real world isn't fair, why managers want you to go above and beyond without direction, and a very long list of other lessons. While it is hard to let go and cost my family a lot of their time and money, we all learned more than we ever expected!
Video version:
https://youtu.be/pllfCErqwqA
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