My dream business is gone

by Rainier on October 15, 2006

It’s been a rough four (4) months (I found out about the closure in June 2006 – My business opened in April 2005). My business folded without my knowledge. All the years of preparation right in the middle of my MBA program, all the years of savings from day one when I arrived in America, all of the blood, sweat and tears to get to where I am, it all came crashing down and I am back to where I started from before.

Who’s to blame? ME. No one else.

It’s one basic lesson in entrepreneurship that I learned smack in front of my face. Find some good people and manage your business just like your life. It’s your money. It’s not theirs. This is your life, not theirs.

I’ve made several a lot of fucking basic mistakes.

  • I failed to find good people
  • I gave away my trust unconditionally
  • I left the managing of business to someone else
  • I can’t manage and control the manager

This is the reason why I disappeared for awhile. To sort things out and pretend everything is ok. Duh!!! Buang! Everthing’s not ok! Not only did I lost money big-time, but a lot of broken family┬árelationships that I don’t expect to heal ever.

Isn’t it ironic? I gave out advice to my fellow OFW’s and yet, here I am, a total failure? Isn’t it ironic that I should be the better knowlegeable but yet – basic stuff that I ignaramusly ignored?

It really doesn’t make any difference if you have an MBA, a CPA and a Master’s. In business, it’s dog-eat-dog matira ang matibay. What it really boils down to is being a street smart and all these CPA’s, MBA’s and Master’s title you have is nothing more than giving you some level of confidence that you can beat it out in the world of business.

And so here I am. Don’t pity me! None of that. As my friends have been yelling to me, “BUTI NGA SAYO! MATIGAS ANG ULO MO EH! ANG TANGA-TANGA MO KASI!”. I get bombarded with that all the time. I don’t mind. My mind is somewhere else.

So there… a chapter in my life has gone by. It’s a new beginning and I hope, there’s another opportunity out there somewhere waiting for me. I pray, I will still be blessed, this time, with a good, working and profitable opportunity.