The year is far gone, you are yet to make a dime with your creative skills or hustle attempts neither have your business idea seen the light of the day.
It can be depressing, especially when you had high hopes of a better year.
Last year, I believed this year will be better. Earlier this year I imagined the beautiful income I could be making before it comes to an end.
Here we are!
I haven’t come close to earning just what I foresaw.
Startup Depression; What is Your Story?
Depression is real and I’m pretty sure it’s so close to getting hold of some individuals who started out earlier this year with cool vibes and plans to win.
What’s Your Story?
You had a million-dollar business idea, spent a good number of time reading series of books and tutorials. You went further and learnt how to kick off stably, but now, it probably feels like there’s no hope in making it or doing it yourself without getting bossed around.
You might have also set out to make money off a skill or talent everyone around you presumed monetizable but then, the year is far gone and expectations have become different. You are about labelling your amazing skill inconsiderable.
You probably had plans of starting out a business, yet couldn’t make things happen. Now you think there’s a chance the idea was never meant to see the light of the day. There are too many people doing it, now you are about ending what you haven’t even started
You Failed But Others Succeeded!
Isn’t it funny?
While you were struggling with failures, someone who started out after you did was raking in incomes and sharing success tips. For some reason, the tips were not far from what you tried. Depression sets in gradually.
How Not To Fall Into Depression As A startup
I know how challenging it can be to label yourself a small business owner when there’s nothing really to write home about. But it is okay, at least you are making an attempt, maybe not in the right way.
Sometimes I just want to blow up, drop my pen and go a solo ride to not trying again. Like you, I want to be independent and not a tiny parasite. The only option, no matter what, is to keep trying without getting depressed eveb after an unproductive days.
Below are various hacks small business owners and startups can attempt when things get depressing;
1. Read stories of other founders and creatives
I have been online for quite a long time and spend a good percentage this time drooling over the successful creations of entrepreneurs and business owners. While they have created remarkably good businesses worth loving, I never failed to understand that they too encountered issues.
Notable Mention: Fred Smith, founder of FedEx had his project idea rejected by his college professor. He assignment was graded poorly; he presented the idea for FedEx.
Most businesses didn’t start out all rosy. There were troubles and failures too. These troubles didn’t simply make them give up or get sullen in depression.
Notable Mention: Arianna Huffington, has one of the most visited sites today (The Huffington Post). You probably didn’t know that she once wrote a book for publication but it got rejected by 36 publishers.
Imagine managing a big company or business?
I’m pretty sure business owners get overwhelmed when a new and related business spring ups with different tactics. There will be a need to learn the secrets and do it even better. Big companies go through lots but experiencing little beginners’ set back is a problem for people like us.
Notable Mention: Jeff Bezos, a one time richest man in the world and founder of Amazon, one of the biggest online Marketplace. Before Amazon became a million dollars business, the company’s CEO encountered failure too. His creation zShops failed but then it gave birth to the Amazon Marketplace.
There are lots of business owners whose story can inspire and elevate troubled startups and business owners. You’ll realize that falling into depression solves nothing.
I found a post on Medium that contains handful of quotes from business owners who encountered startup depression. Also, smallbiztrends has a handful of the failure stories of big business owners today.
Read Business Books
I must confess that I am not much of a books person. You’d often find me scanning through books rather than reading. But then, there is a 99% chance that I have been missing out on a few helpful points.
Recently, I began inculcating the habit of reading business books word for word, no matter how hard the drive to scan through sets in. The good thing about these business books is the fact that most of them are offered for free by their authors.
Brian Tracy is one of such authors I’d recommend to startups and business owners. His blog is packed with mind-blowing information and guides. Also, a simple Google search will give a handful of helpful books you could read.
Understand That Failure is Not Bad Luck
You are neither unfortunate nor accompanied by bad luck. Failure should not make you think so little of yourself. It should, in fact, encourage you, be a driving force and a reminder that you took a step.
Failure should not mean the end of the world to you. I have failed quite a number of times and I do not know when next it will pay a visit. But through the years, I have come to terms with the fact that failing doesn’t necessarily make me or whatever I do bad luck.
Even Established businesses encounter failure, you a just starting out, this is only the beginning. I came to realise that accepting to have bad luck due to failure is more depressing than failure itself.
Give Yourself a Break
Failing to achieve a project or sell yourself right should not make you overwork yourself. Remember that you are human and the body can break down if overworked.
Sometimes I stay up all night repeatedly for days, looking for the best ways to monetize my skills or alternates without failing. But I’d keep the night drooling over successful projects and wondering if I have a chance. Little did I know that I was hurting myself even more and paving way for the enemy I wanted to avoid.
Understand that Not All Business Can Be Successful at The First Trial
This should stick.
Not all successful businesses achieved their success goals in the first years. Some failed over and over again before finally picking up. Failing means there was an attempt, and the person was willing to shot for success.
Most beginners, even I thought that I can go from zero to hero and skip the hassles of feeling down over failure. It happens, but success comes in different forms.
Learn A New Approach
Before you get soaked in depression over a failed business, you should first realize that there is more than one approach to a problem. Motivational speakers often say “when plan A fails, there is always plan B to Z”.
In failure and setback, I simply assume that the angle I took the deal from was not the right one. Always learn to try another option, it could yield a different and more positive result.
Don’t be Over Ambitious
When you think of a new business idea that looks promising, don’t be overzealous over success so you don’t get disappointed in the long run. Try as much as possible not to expect too much to avoid disappointment or depression.
Ease the Brain, Talk to Someone
I know how hard it is when you try to talk to someone about a failed business or an unproductive skill, but do it. Sharing your issue with someone can ease a lot of burdens you’d carry alone.
Personally, I talk to my parents and I let them sweet talk and encourage me. Friends are also cool to talk to.
While starting up is super tasking and can be depressing, I’d simply say keep trying and discovering new ways that would work for you. You just don’t know which attempt will make perfection.
And no, I’m not trying to become a motivational speaker, I’m just a beginner staying positive like you…?