Why My Failed Business Feels Crucial For My Successful Future

As aspiring entrepreneurs, we can’t help but find pleasure in stories about successful businesses, which bring out a sense of delight and motivation in all of us. We watch for lessons to learn from those companies, but businesses also fail. In fact, according to the U.S. Bureau of Labor Statistics, one out of five businesses will fail in their first year, with half of small businesses failing in the first five years. With that said, the past 24 months have been trial after trial for me.

I started my marketing and public relations business in April of 2019 because I had previously been homeless and I didn’t have any childcare for my children. I started taking on small clients to create book covers for them, get their names in the media, and assist them with marketing their businesses. Within six months I had completed radio interviews, published a best seller on Amazon, and was now being paid more by clients who needed my help. By the end of the year, I had successfully made six figures, and while that was revenue and not profit, I was still profitable. I felt motivated to do more, be more, and leave a legacy behind. As my business picked up, I was afforded the opportunity to grow my personal brand and put out content that would help others. I…