“Do Over!”

Recently, a guy I know just about lost everything…

Everything he’d been building towards, bold plans that had dictated and dominated all his thinking and brainpower for months and months, the hours each day he had invested in developing his dreams and plans, intricate ventures that were going to ultimately become the main revenue generators for his family, and even plans to expand his family…

Gone…

Poof…

Just like that…

I am saying everything I can to help this guy through this difficult time. I keep telling him that things will work out, everything happens for a reason, don’t look at all that investment of time and passion as a waste…there is some lesson to be learned…

Sometimes I think he understands and is beginning to get a handle on things. Other times I think he wants to tell me to go take a flying leap off……

In any event, this episode got me thinking. This scenario happens every day in business. Especially to entrepreneurs like me who are out there, putting everything they’ve got on the line…

And situations, similar to what I described above, happen…

1. You lose your biggest customer.

2. The product you’ve been developing for months/years flops.

3. The VC capital you were counting on doesn’t come through.

4. There is a medical tragedy in your family which changes everything.

5. A critical business partner opts to leave the venture.

6. The economy has unforeseen impacts on your business…

….or any other number of possible situations that change everything.

But what to do then? Well, I remember playing as kids and someone would inevitably mess up a game we were playing, we’d all yell “Do Over!” And we would just reset, and start again…

That’s what you have to do. You have to realize that life deals nasty cards every now and again, and you just have to pick yourself up and keep moving forward. Here is some advice that I would give someone in this situation:

1. Take action. Don’t sit around and sulk. Clean up your wounds, and get moving. Action will be progress, and that will make you feel better.

2. Remember what you want to do. Keep your primary goal in life in clear focus. Don’t ever stray from your life goal, from what makes you happy.

3. Remember what you are good at, and what you enjoy. Build a life around that…

4. Learn your lessons. We had a guest recently on the High Velocity Radio Show who indicated that she NEVER had any business or career failures…but she sure had a lot of “lessons…”

5. Keep your eyes on the goal, the end point. Don’t get distracted by clutter. My favorite quote goes something like “obstacles are those frightful things you see when you take your eyes off the goal…”

6. You have a clean slate, if you will. A chance to rebuild and make things better. Take advantage… This is simply a life “Do Over!”

What other advice would you offer? Please share!

[cartoon by @gapingvoid]
[subscribe to my blog via RSS]

  • http://www.asimpleguyblog.blogspot.com Dan Collins

    Todd,

    Thanks for a great post. As you so state so well in your piece “Do Overs” are a great opportunity to start afresh we just have to pick ourselves up,dust ourselves off and set our sights on another target. It’s all a mental thing. Thanks again.
    Dan

  • http://www.asimpleguyblog.blogspot.com Dan Collins

    Todd,

    Thanks for a great post. As you so state so well in your piece “Do Overs” are a great opportunity to start afresh we just have to pick ourselves up,dust ourselves off and set our sights on another target. It's all a mental thing. Thanks again.
    Dan

  • Todd Schnick

    It is a mental thing, which I think, sometimes makes it VERY hard to execute on… You just have to make the bold decision to charge ahead…

  • tschnick

    It is a mental thing, which I think, sometimes makes it VERY hard to execute on… You just have to make the bold decision to charge ahead…

  • Pingback: Have You Had a Defining "Do Over" Moment? | Act As If It Were Impossible to Fail