I have a friend who realized 1 year into a software
engineering job that he was not cut out for a corporate job.He was creative,
thought out of the box and did not like the rigid confines of 9-5.He had his
own ideas about starting a business of his own and of running it in his own
way.
He found 2 more partners and they started a business after
he left his corporate job holding equal stakes in the company.
The company was
an interface between travel agents and local hotels for a particular geography
and revenue was earned charging commissions from both parties.The margins were
low but they managed to build enough scale in 3 years to be close to
breakeven.However, the business failed going forward with the advent of Airbnb and
the likes.
My friend and his team was shattered.Their hopes were
crushed.They mourned the loss for a few weeks but bounced back soon enough.They
had learnt resilience and ability to return to normal state after a downturn
during the course of the business building.
They decided not to let this ruin the beautiful life they
have .They had learnt skills in operations, people management ,financial and
stakeholder management and client acquisition-all vital to run a business.They
decided to capitalize on skills at hand rather than mourning the loss endlessly
and look forward to what can be done next.My friend founded a new company in
the internet advertising space using all
the knowledge he had.His other two friends also founded new companies-one in
tech space, the other in online fashion.
The new businesses bring their own challenges to their table
which they continue to welcome.
The failure overhauled their resilience.They are stronger
than cast iron today.
Respect for the trio!
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