What a wild ride starting a business can be. You never know what is coming next. Everyday I get hit with things I didn’t see coming or decisions that can decide the fate of my business. Recently we made one of those decisions over at Under30CEO.
We decided to change the name from Under30CEO to Factor77. I’m not even going to bother explaining our reasoning behind it, we had good intentions and truly thought it was for the best but it killed us! We got away from our brand and lost track of everything we set out to do – inspire people to do something they love in life.
The results – Our progress as a business basically came to a complete stand still for 2 months, actually went backwards I would say. What a bad move! We knew the decision was a big one and a tough one but wow we did not see that coming.
Now almost everyday it gets brought up at some point by either Matt or myself and what happens? We laugh. We just laugh at what a bad move it turned out to be. At how we lost 2 months of progress due to it. How it sent a cash strapped, bootstrapping business downhill. haha.
I mean what else is there to do?
We went for it. We crashed and burned. We went back to Under30CEO. And we move on.
2 things here:
1. Laugh a little (its good for you)
You won’t make all the right moves. Hopefully they aren’t quite as bad as ours but in any case its in the past. You can only control whats next. Don’t lose sleep over it. Lift your head up take the next step and laugh it off.
2. Realize when your wrong
Once you make a mistake don’t be afraid to admit it. Realize what you did was wrong and now make the right move. Do whatever it takes to get back on track. Learn from that blunder and move on. Don’t be stubborn!
Cheers to all of our mistakes!
