Failing business Essay

Many atomic number 18 quick to remember 1s erupture and slow to remember the redeeming moments. My sprightliness is no different. I am exclusively human and I too shake off made my own mistakes in life. Though I sometimes catch the tendency to move on from failure and perhaps forget, on that point are many who are only too quick to remind me of my past. nurture from this, I have vowed to treat each failure as a learning experience One that makes me stronger and makes me better. This is the lesson that I learned from what some slew would rent as whizz and only(a) of the most challenging days of my life.I recently discovered that the pursuit of ones goals is not as easy as it seems. When one whole steps at all the successful businessmen in the world, it does not seem apparent that they had to undergo many challenges to hold forth successful. Yet as I have learned, there is so more than work and effort that is need to succeed in life. This is how my low business, a com mercial cleaning service, became a failure but ultimately a success because I learned a very valuable lesson from it. The protrude of the commercial cleaning service was simple. I had intended to take value of the lack of cleaning services in my area.I noticed that there were very few cleaning services and if there were any they were each inefficient, too expensive or both. Being a novice entrepreneur, I figured that this was an opportunity that was a guaranteed success after all, all I had to do was simply offer better service and better prices. This was my first mistake. In making this assumption, I did not consider the item that the ones who had established themselves before me had probably thought of these same advantages. I was naive to look at that only I had the monopoly of great ideas and that others were not able to think as well.This presented the first challenge because I was unprepared for what happened. The initial costing for supplies and with child(p) equipment was path higher than anticipated due to the fact that I was severe to provide quality service. Since I had already made those investments, I had to adjust my computations on Return on Investment and saw that the only way that I would be able to cover the daily expenses was to increase the price. So, preferably of providing cheap and goodish quality service, I was constrained to offer only quality service.This unfortunately paved the way for the next problem which was the fact that I did not have prior experience in this field. enchantment I did consider myself a neat freak, I was certainly out of my league when it came to running a commercial cleaning service. I failed to consider the fact that there are so many variables to consider and that when one has employees one has to en real that they do their duties satisfactorily. This was no longer just a simple matter of telling people to clean something and making sure it was done properly. It involved going over the shifts and ensuring that every detail was not overlooked.Aside from this, I had to also consider the welfare of the people who were workings under me. No matter how motivated I was, I could not seem to convince my employees to have the same passion and conviction. This was lesson number deuce-ace for me I learned that employees are never really motivated to discharge unless they have a somebodyal stake in the matter. I needed to get them involved on a personal level and trust in offering quality service at a good price. Unfortunately, the only thing they were interested in was clearing their pay and spending their money.Suffice it to say that the business soon failed. I was disheartened by the harsh reality check that happened but I am tall to say that I have learned from this experience. I could have scattered much more to learn that valuable lesson. As I look back at that memory, I greet it with a smile cognise that even though it resulted in failure, I would not be the person I am t oday were it not for that experience. The thing about life is that there is always hope and there are several chances to fail and even more chances to succeed as long as one has the drive and the passion.