Failing business Essay

Many are quick to retrieve ones failure and slow to remember the redeeming moments. My life is no different. I am only human and I too pay back made my own mistakes in life. Though I sometimes have the tendency to move on from failure and perhaps forget, on that point are many who are only too quick to incite me of my past. Learning from this, I have vowed to treat each failure as a learning inhabit One that makes me stronger and makes me burst. This is the lesson that I learned from what some people would get by as one of the most challenge days of my life.I recently discovered that the pursuit of ones goals is not as lento as it seems. When one looks at all the successful businessmen in the world, it does not seem unornamented that they had to down the stairsgo many challenges to become successful. Yet as I have learned, there is so untold work and effort that is needed to succeed in life. This is how my first business, a commercial cleaning service, became a failure b ut ultimately a success because I learned a very worthful lesson from it. The plan of the commercial cleaning service was simple. I had intended to take advantage of the lack of cleaning services in my area.I noticed that there were very few cleaning services and if there were any they were either inefficient, too expensive or both. Being a novice entrepreneur, I count on that this was an opportunity that was a guaranteed success after all, all I had to do was simply offer better service and better prices. This was my first mistake. In making this assumption, I did not consider the fact that the ones who had open up themselves before me had probably thought of these aforesaid(prenominal) advantages. I was naive to think that only I had the monopoly of outstanding ideas and that others were not able to think as well.This presented the first challenge because I was unprepared for what happened. The initial cost for supplies and capital equipment was manner higher than anticipated due to the fact that I was trying to provide tint service. Since I had already made those investments, I had to readjust my computations on Return on Investment and truism that the only way that I would be able to cover the daily expenses was to increase the price. So, instead of providing catchpenny(prenominal) and good quality service, I was constrained to offer only quality service.This unfortunately paved the way for the next problem which was the fact that I did not have prior experience in this field. musical composition I did consider myself a neat freak, I was certainly out of my league when it came to running a commercial cleaning service. I failed to consider the fact that there are so many variables to consider and that when one has employees one has to ensure that they do their duties satisfactorily. This was no longer just a simple exit of telling people to clean something and making sure it was done properly. It involved going over the shifts and ensuring that a ll(prenominal) detail was not overlooked.Aside from this, I had to also consider the welfare of the people who were working under me. No matter how motivated I was, I could not seem to convince my employees to have the same passion and conviction. This was lesson number three for me I learned that employees are never really motivated to realize unless they have a someoneal stake in the matter. I needed to get them involved on a personal level and believe in offering quality service at a good price. Unfortunately, the only thing they were interested in was clearing their pay and spending their money.Suffice it to verify that the business soon failed. I was disheartened by the harsh reality check that happened but I am proud to say that I have learned from this experience. I could have lost ofttimes more to learn that valuable lesson. As I look back at that memory, I recognize it with a smile knowing that even though it resulted in failure, I would not be the person I am today we re it not for that experience. The thing about life is that there is always fancy and there are several chances to fail and even more chances to succeed as long as one has the drive and the passion.