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4 Steps To Reinventing Yourself After A Business Failure By Bryce Monkvitch

4 Steps To Reinventing Yourself After A Business Failure By Bryce Monkvitch

Have you ever failed before? I have...repeatedly. Every motivational speaker you have ever heard has taught on the value of failure and how much it can cause you to grow, but very few teach on how disappointing, painful, and potentially destructive it can be.Being a serial entrepreneur means that I have failed repeatedly, but the key to rising again and succeeding with several business ventures for me has been mastering the art of re-invention. Every failure has a lesson to teach, but the art of implementing those lessons to great effect is what I refer to as re-invention.One of my greatest inspirations for the last 5 years has been Bryce Monkivitch. Bryce is one of Australia’s leading entrepreneurs and the founder of one of Australia’s top 100 fastest growing companies. His story of dramatic re-invention from a former pro-MMA fighter and a series of disappointments in business to an employer of over 2000 staff and counting.The lessons I learned from Bryce have helped me take many steps to reinvent myself after a series of failures.Ask The Right QuestionsEveryone says we should rise and try again, but very few people realize that to try again you must decipher why you failed in the first place. You must indeed try again, but discovering why you failed in the first place would help you know what to try again.For Bryce, asking the right questions was at the very core of his reinvention journey and mine again. Failure is a signal that you either have a wrong strategy or that you were on the wrong turf, to begin with. Soul-searching is painful because it involves you being honest with yourself, your mentors, and sometimes your therapist.However, asking these questions will point out the kinks in your armor; the wrong moves, the wrong people you worked with, and most importantly if you were on the right turf (business) to start with.Find The Right TurfPro MMA fighter, Rugby Player, Concrete Worker, and a Job Stint in China; these were a few of the things that Bryce Mynkovich failed at before he discovered the world of Ecommerce and began the amazing journey of building the Sincere Sally brand; a brand that now generates over 1million in annual profits.Every entrepreneur has a turf they are built to dominate and to find it you should never be ashamed of trying your hands at many things. You might appear unfocused to some, but you are just asking the right questions.You will know when you find the right turf. It would not necessarily be easier, but it would feel just right and it would be impossible to give up on.Find Your VillageThere is an ancient saying that goes; “it takes a village to raise a child. Well, it also takes a village to raise an entrepreneur. Many entrepreneurs fail because they surround themselves with the wrong people, I failed in my first two businesses because I didn’t surround myself with anyone; I wanted to be a one-man army.Disclaimer: This is a company press release. No LM journalist is involved in creation of this content.Download.

brand-post 2021-10-19 Livemint