10 Steps to Recovering After a Business Failure Here are a few steps I took to reinvent myself after losing every penny in my bank account.

Not everything in life and business goes exactly as planned. That's because outside forces are constantly at work, creating situations and choices that lead us toward success or most often putting roadblocks in the way. Sometimes, even internal forces sabotage what we are capable of achieving.

It's a shock to the system when failure happens, but I learned it's not the end of the world. If anything, it's a launching point for even greater success. Several years ago, I had just gotten married and was riding the wave of the sale of my startup. Little did I know that the wave had already reached its crest. I literally went from millions in the bank to broke in a matter of days. It rocked me to my core, nothing in my life till that point had hurt so bad.

You never expect failure to happen or you would obviously be prepared for the next stage in your life. It was this experience (and a couple others) that taught me how to address failure, adapt, and then recover by reinventing myself.

Here are ten steps I took to start over and end up in an even better place:

Accept failure happened and learn from it

will 

Actively decide to change

Prioritize the tasks that lead to change

do

Have a mentor direct the makeover

Move outside your comfort zone:

Align yourself with the right people:

Keep an eye on your finances.

Follow-up and reflect:

Remove negative forces:

Take one step at a time:

It's been an incredible journey and I'm thankful I was given the opportunity to take this journey. These steps helped me get to my current destination and greater level of success in life as well as being able to show me what not to do - so I don't repeat the mistakes of the past.

I fully expect the unexpected to happen--only differently--and, when it happens, I'll know what steps to take (again) in order to create the next version of myself and to move forward. I also know and understand a little better what people mean when they say life is not about the destination; it's about the journey. While yours will be different from mine, these ten steps will help you chart a course to get on that journey for yourself - to the new self you will be working on.

Source:inc.com/John-rampton

Writer: John Rampton

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