I was defined by my own failure for years

I was looking though my Facebook timeline this morning and I got reminded of something that happened to me exactly 8 years ago today.

My online sports nutrition business was really struggling in the recession and I pretty much had lost all interest in it. A chance phone call that day and a trip down the M6 motorway changed my life forever and took it in a completely new direction.

For 10 years this had been my business and my life and within a few short hours I had agreed to hand it over for just a fraction of what it was really worth.

I could have sold it for over £500k at one stage but I that day I decided to walk away with a deal that was worth just £125k and I eventually had to take the buyers to court in order to get paid, nearly going bankrupt in the process.

It's taken me 8 years to get my credit rating back to where it was.

For me I saw all of this as a huge failure and I let it affect me for a long long time.

A good few years in fact.

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My buddy and mentor Paul Mort would have said I was in drift and he would be dead right.

4 years later I had to sell my house for £43,000 less than I owed on it.

My 1st two business after the supplement business bombed.

Mostly because I was just going through the motions but then something changed….

…something just clicked into place.

I kept plugging away, kept moving forwards and taking small steps.

Small steps in learning.
Small steps in building a new business.
Investing in myself.

Don't let your failures define you like I nearly did mine and if a bum like left with nothing after nearly going bankrupt can fail and be successful again then so can you.

In 3 weeks my wife and I are expecting our 1st baby (a boy), we have just bought a £300k house, I've just finished writing my 1st book and my businesses are all set for a record year again for the 3rd year running.

Life is good, but without the failures I wouldn't have what I have now and for that I'm grateful.

Failure is the oxygen that fans the fire that leads to improvement in business and in life.

Take it easy have a great Friday and a cracking New years eve and above all embrace your failures.

laters

Liam
Internetfitpro
Personal Trainer Websites Built on Business Building Strategy

About the Author Liam Thompson

My name is Liam Thompson and I’m the strategic half of Internet Fitpro. I live in Wilmslow in Cheshire which is just outside Manchester in the North of England but I’m originally from Ballymena in Northern Ireland.

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