Thank you so much for sharing your testimony ! I’m currently in the season of losing EVERYTHING & had to layoff ALL my employees which is indeed the hardest part of this entire turning point 😢 I’m watching your story & immediately felt a burden lifted because you give hope that everything will be ok the moment you changed the narrative of “failure* love you brother 🙏🏽
God damn....I felt the pain I can't believe am crying with you. specially with the Dubai issue. Am really glad I see this video. I thought you are just a funny TH-camr
Thanks Tamer. Your video has been a great help to me. What really jumped out for me was when you learned to accept failure. It really helped me because in a way I've struggled for many years with coming to terms with what I have perceived as 'failure'. I built a business over a period of 17 years to a point where I had 2 business partners, 25 staff, 6 retail stores and an annual turnover of €3.5 million. Life was good. It all changed for me when I discovered that my two business partners were not being honest and in fact we were barely making money. At the time we were taking large bonuses out of the business and although something told me that it was too good to be true, I trusted them that all was okay. It's a long story, but I decided in the end to sell my share of the business as I knew there were serious issues ahead. That was back in 2005, and although I've worked hard since in order to build my new business, it has been a major challenge. I can see now that I'm thinking like a freelancer instead of a business owner. I'm absorbing your videos and learning. Thanks for your videos. They really resonate.
I'm Zimbabwean and felt I was crumbling but half way through your story I'm like I can do this. I know the panic anxiety and the pulsating racing heart every morning and the energy it needs to wake up every morning but you gave me strength during dark times continents away
Thank God 4 this channel. I was an entrepreneur from 2000-2009 when I got pregnant with my 1st child. I've been knowing for years I need to restart but my mind keeps telling me I will lose $ again & that is holding me back.
My current business is failing miserably, I took a lot of losses in 2022 and I feel beyond ashamed! What brought me to your channel was your title, but after watching this video. Thank you for transparency, thank you for honest and sincere delivery. I didn't think no one knew how horrible I felt until I heard you speak. I didn't take a super huge lost financially like that, however my company has taken a lost and I'm currently in debt. I want to know how do I rebuild, how do I take the now knowledge I have and rebuild my company all over again from scratch. I feel ashamed because everyone that believed in my vision, I let them down. That part about feeling responsible resonated oh to well. I still feel like I need to build a 7 figure business because I owe my partners and everyone else that believed in me something. I see the benefit in my business as I made over 100K in only 6-8 months. I still see a real future I need to get out of my head and push past my failure and start over, which is something I'm willing to do. What do I do next, I'm headed over to part 2 of your video. How do I talk to you personally? Sincerely, Tiffany Glenn
Hi Tiffany. Sorry it has taken me so long to respond. Been playing a bit of catch up recently. The main thing I want you to do is be kind to yourself. One thing I learnt the hard is that I don't owe anyone anything except those who accept me for who I am regardless. You've been brave enough to take a leap many wouldn't have done and that despite the setbacks, you are following your passion. I know it is easier said than done, but we can learn from our mistakes but try not to let them weigh you down or you won't be able to move forward with the right mindset. Why don't you take this quiz and see where you are right now? And we may get the chance to have a strategy call together to see how I can support you. ceoentrepreneur.com/business-triage/
Thank you 🙏🏼 Small business here. Under threat from council about usage of my premises - despite doing everything right with solicitors etc. The fact that the commercial units in my town are empty means it’s even more ridiculous the council treat business this way!! Unbearable anxiety over this… so I can only imagine the dread over this situation you’ve described. What a message of hope for us all ❤
This is everything I needed to hear right now. Thank you for sharing your story man. It’s so refreshing hearing someone speak on how heavy the weight is on you when everything comes toppling down. That incessant anxiety is the worst. I feel affirmed and validated and empowered by hearing your story. Thank you again.
Thank you for your kind words. They mean more than you may think. And yes this happens to a lot of business owners and I feel it’s important to highlight to others that you’re not alone. Here’s to your inevitable success :)
THANK YOU ~~~ You are amazing Dr. Shahin. Your turning point is there are plenty of them in this short video. I will pick one BIG one is when you met your WIFE haha... all things happen for a reason and you met her~~ Thank you again my friend and please keep on doing these great sharing, we really appreciate it. Thanks, Tionist Li (from Hong Kong)
I was crying so hard like I was experiencing it myself man your brave. And I think the turning point was when you started talking to people about what happebd like your wife, and friends, which led you to write it down and actually understand it. Because our brain make thing into big deals but the truth free us.
The moment I realised that I better focus on enriching myself than working for others is when I experienced bullying in my present job. I am giving my 100% at work, investing all my energy and emotions in any task that I do, but still there are people who devaluate my effort and instead amplify my small mistakes, that's when I finally decided I will run my own business than working for somebody who doesn't appreciate my worth.
Dr. Tamer, Thank you for being pure and genuine in sharing your experience as an entrepreneur. Entrepreneurship seems to have been glamourized these days and most don’t talk about the terror and anxiety that one goes through in pursuit of their entrepreneurial vision and/or mission; You broke the mold. I’m an entrepreneur and I’m a very optimistic person who always persists even after failing many times over but for the past 2 months, I came across new and various problems, all at once, which led me to have moments second-guessing myself and the path I chose. Your inspiring story gave me additional strength and recalibrated my mindset knowing that I’m not alone and that I too, can and will weather this entrepreneurial storm and will come out stronger and wise to face bigger challenges. I wish you the best of health, wisdom, joy, and prosperity. Sending love all the way from the Philippines ( at 2AM ), M. Chad P. P.S. Your turning point was when you realized your mission is to help entrepreneurs avoid pitfalls and if they do, teach them how to get out of it.
Thank you for your kind comment. It’s comments like this that confirm to me that it was the right decision to share my story. I agree with you… too many glamourise entrepreneurship and whilst it can have huge rewards to quality of life and impact, it doesn’t come fast or easy. Yes you are not alone. Stay strong and use your challenges as learning points. If we don’t make mistakes, we’re not growing. Wishing you all the best. If you’d like me to cover any topics in particular in a video, let me know ☺️🚀
Thank you so much for sharing. I’m in a deep deep pit right now. Inspiring message. I think your turning point was meeting and talking to your wife and talking to one other person and learning what you can take responsibility for and what is not in your control.
I think the turning point was being able to talk about it and having that crucial conversation with others and/or MH professionals. Writing it down, looking at the big picture.
Above and beyond, this has to be my favorite video. Thank you for showing us this different side to everything and how to get out, this makes me trust your advise.
A Massive thank you for this video, your story is perfectly aligned with my current journey as a CEO in groundbreaking sustainable tech innovation with global investment, creditors, HMRC, Team, supply-chain etc. and facing some truly terrifying yet exhilarating scenarios, 5 years in, I am fully aligned with your experiences and stresses, anxieties and pressures that keep you up at night. The hardest part is to take that personal responsibility for the members of your team who have bought into your vision and journey as their own, almost in a parental role, It is a lot of pressure that investors, suppliers, and partners will never really understand and it's all on your shoulders., From my point of view, the turning point is the phrase 'Response Able' that's what I am taking away. Thanks Buddy!
I'm going through this hell right now. Just within one year I went from being excited about my future/having dreams and plans + having over $120k in savings >>> to -$85k in debt with tons of health issues and being very close to losing the most important person in my life.
thanks for sharing, this is very inspiring, turning point to me was when you realized that what kept you feeling down was that you didnt know how to handle the failure.
So glad you didn't go down with the ship, and have the great story to tell, to help other. Real strength only show it self at the point of sink or swim. Pride get the better of some Captain's/Ceo. Sounds like you had a lot of strong will people. Forgiveness other that you hold dear smothers all flames in breaking heart. Turn point, when you sold all you had to save friend and even asked help from family, to fund selfless deeds are always repayed 10 fold. The ticket to your resuccess.
I really appreciate this video. I’m currently at the low point of my failed business attempt. The anxiety that comes in the mornings and with every call/text/email is hard to describe. Your story gives me hope and inspiration that I’ll make it through this
You should be proud and feel proud, your only failure and weakest link is your customer not honoring their contract and that’s not your fault, you did your best and what you needed to do in that situation, many people wont go out on a Lim to bail you out.... so yes progress not perfection this is what we need! I think your one of the brightest people I have met, you have a lot to give, cant wait to see what do you have next for us! Good Luck!
OMG! I'm not sure where your turning point is exactly but I can relate to the feeling of guilt and you might think you have not paid attention to certain details and then beat yourself up over it. (The company bailing out on the subcontractors). What a horrible story but you have been responsible above and beyond imho. Selling everything to save your business partner is quite the sacrifice. I know many that would have just talked their way out. You stayed true to your values of caring for others.
Thank you for your kind words. It means a lot to hear this in more ways than you can imagine. Do let me know if there are any topics you’d like me to cover on this channel.
That’s so deep & honest. Thank you to share this, it is inspired me a lot to see things in different perspectives. In your story my aha moment was the definition of responsibility “able to respond” 🤯 this is a turning point!
Thank you for your kind words and I’m so happy to hear that it’s inspired you to see things from a different perspective… even if it’s by a small amount … this was one of the main reasons I made the video 😊. Feel free to suggest any other topics or business related questions you’d like me to cover on this channel!
I think the turning point was when you decided to abandon the general routine to pursuit what you thought was right within you which enabled you to take responsibilities for your decision as well as for others and of course couldn't have anyone to blame but yourself. Awesome
😅 I recently tried to replicate my voice using AI and it made me sound American(video coming soon on this)! Nothing like the real thing though. Are you in South Africa or are you a South African in the US?
I did the same mistake but I was compelled because finding many small customers instead of a one big fish is very hard for a small team without proper sales base. Especially in the beginning
@@CEOEntrepreneur I run my business from Malta first and then from Macau. Fortunately haven't ended up in debts because I was very conservative with team expansion and the size of projects. I lost 3 months of salaries for the 5 people , and two expensive software licenses which I have never used nor I was allowed to resell it. After that debacle , I moved with my savings to Taiwan and where I wanted to vertically integrate. I lacked cutting edge skills so I graduated two masters in Taiwan . Befriended many industrialist from machine tool sector. I thought I would get the push, but basically they had seen me as a threat. My visa was sabotaged by a family of my girlfriend whose brother in law ought to become my partner for a new venture. Anyways, I have not capitulated . I spent three consecutive days on a job search. Even vomitted from too much coffee and a lack of sleep. By divine powers, government of Taiwan employed me. After two years I moved to Germany where I honed two more years in a field of my entrepreneurial interest yet by government financed project. Now I work in my field, as a group lead and developer at Rolls Royce.Although I financially recovered in total, I have never succeeded to gain a momentum and find a partner for ideas I had in Taiwan
Thank you so much for sharing your experience and expertise. I have been binge-watching your videos for the last three days and I've been learning a lot. I am in the early stage of my business, thus, I am trying to learn as much as I could. YOU ARE MY FAVOURITE TH-cam CHANNEL OF ALL TIME!
Thank you so much for sharing this and also the support and super valuable advice you've given me in our many talks about my businesses and challenges. So grateful for that!
Thank you for sharing your story so honestly. I had a tear in my eye listening to the bit about your biz partner's life. I think as entrepreneurs we often take things to heart and feel responsible for everything and everyone, and of course we can't be - that's bad for us and for others.
Gudrun, You are most welcome. Thank you for taking the time to watch and yes, responsibility can be a huge burden in so many ways if approached incorrectly. I learnt this the extremely hard way! I am hoping that by talking about my experience, I can in some way make all our inevitably rocky entrepreneurial journeys powerful tools for learning, growth, and ultimately positive impact on us and those around us. Thanks again for taking the time to watch and comment :)
I think the turning point was when you were asked "[What's your problem?]", when your view was challenged and you started questioning your perspective. And I think another important point would be when you started shifting perspective.
Thank you for your comment and brave words. You can see the second part of this video th-cam.com/video/PnIv1Qasaf8/w-d-xo.html which talks through a process to try to come back from failure … also this playlist may help which includes these two videos. th-cam.com/play/PLn39xAKhD8ju0LCvDzcUiM8xzjCg5VNUi.html. Good luck 💜🚀
Thanks Michael! This really means a lot to me. It’s definitely my intention for this to help other entrepreneurs. So words like this make the whole journey and doing this video worthwhile. ☺️
Response able? Was that the turning point? Thank you so much for sharing your story and also for teaching us to rewrite our own narrative! Just about to hop on and watch part 2. I cannot wait! Woohoo hooooo!!!
It’s fascinating how everyone sees the same set of events differently. Even here! This is why I said it’s not as obvious as it seems and even I didn’t know it until much later. I’m still going to leave others comment on here before saying myself what I think it was. But remember p, there probably no right or wrong answer. It’s all about perspectives and how you interpret the narrative! Thanks for commenting! 🙂
Wow. That's some story. I agree wholeheartedly about learning from your failures, I've had many lol. It feels worse though when they're public, especially when you're a bit of a perfectionist. Thanks for the sharing.
@@CEOEntrepreneur Yeah, I think it might. I need to get used to the idea of failing miserably but not intentionally, in front of lots of people, including the ones whose opinion matters to me. Thanks for the reply.
Thanks for sharing your story, I think re-framing how we look at difficult situations can be priceless so writing everything down must have really helped you to turn things around :)
Wow! My heart was pounding as you shared your story. I feel like I've just received a bit of therapy. I think your turning point happened when you rewrote your narrative.
Thanks Anita! We all have unique stories to tell. Can't wait to read about yours! Don't you think it's interesting to see how people interpret the same story in different ways (even when it comes to identifying what they think was my turning point)? I'll wait until a few more people have shared their thoughts on this before I chime in on what I think it was! Thanks again for watching and commenting :)
I’m sorry to hear that. It’s not fun at all 😞. If you haven’t done so already, Please try to watch part 2 as it goes through things I did to find my way out of it. But please do try to find someone who you trust and has your best interests at heart to speak with as it can be lonely trying to work through this by yourself. Ideally the person should also have prior experience and has a similar business mindset as speaking to the wrong people who say go get a real job and I told you so is also not helpful even if they do care about you. All I can say here is try not to despair. There is usually light at the end of this dark tunnel. When you come out of this you Will be a stronger person. So Stay strong and best of luck 🤞💜
@@CEOEntrepreneur I'm in the sane situation and the amount of times people told me to go get a real job is infuriating I'm so upset. I have a. E-commerce business falling apart
Hello From Greece. Thank you for this really really helpful and isnpiring video. Being a businesswoman in Greece with no experience i think is really really difficult. Lost everything because i coudnt control it.
Damn I thought I lost lots of cash.. Good for you .. Got there ince you can make it again bro.. If I can only turn my brain off fro. New ideas thst distract me from producing. Was at 120k month now its 49k Ahhhhh driving .y crazy cause I do t use sop and have staff to grow. Hand my head down and start over and do it right this time.
Thank you for sharing your thoughts. It takes courage to admit your fears. Remember, each failure is a lesson learned on the path to success. And we just keep picking ourselves back up again every time we fall again
Ok but unfortunately I have failed completely with my company unfortunately we ended up bankrupt how do we over come this I’m now working as a manager this is when u lose everything I couldn’t save it now I can’t start a business for 3 to 7 years I have to find a job please help
Bro it's your fault for everything.. For everything great and bad. Your the comander.. It makes you stronger and better . Think the pentagon lost 2.3 trillion lol So your good.lol
Client was too big and powerful to take to court. We would have just lost a ton more money and gotten nowhere. Life sometimes doesn’t make sense / isn’t fair unfortunately.
Didn’t matter. In the country where the business was, the person who signs the cheque is personally liable even if you had a holding company or a limited liability company. That’s why other companies insist on a cheque to guarantee they’ll get paid. When my business partner got arrested, he met an accountant who was an employee at another company who got arrested when he signed a cheque that the owner of the company asked him to sign (which bounced) even though the employee had no shares in the company. It’s just the way they do business there. Although I’ve heard this is now changing.
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Thank you for watching this video. It means a lot to me. Did you spot my real turning point? Comment below on what you thought it was...
Thank you so much for sharing your testimony ! I’m currently in the season of losing EVERYTHING & had to layoff ALL my employees which is indeed the hardest part of this entire turning point 😢 I’m watching your story & immediately felt a burden lifted because you give hope that everything will be ok the moment you changed the narrative of “failure* love you brother 🙏🏽
How is everything now? Any advice
God damn....I felt the pain
I can't believe am crying with you. specially with the Dubai issue.
Am really glad I see this video.
I thought you are just a funny TH-camr
I find it more helpful to hear about business failures than successes.
Thanks Tamer. Your video has been a great help to me. What really jumped out for me was when you learned to accept failure. It really helped me because in a way I've struggled for many years with coming to terms with what I have perceived as 'failure'.
I built a business over a period of 17 years to a point where I had 2 business partners, 25 staff, 6 retail stores and an annual turnover of €3.5 million. Life was good. It all changed for me when I discovered that my two business partners were not being honest and in fact we were barely making money. At the time we were taking large bonuses out of the business and although something told me that it was too good to be true, I trusted them that all was okay.
It's a long story, but I decided in the end to sell my share of the business as I knew there were serious issues ahead. That was back in 2005, and although I've worked hard since in order to build my new business, it has been a major challenge. I can see now that I'm thinking like a freelancer instead of a business owner. I'm absorbing your videos and learning. Thanks for your videos. They really resonate.
I'm Zimbabwean and felt I was crumbling but half way through your story I'm like I can do this. I know the panic anxiety and the pulsating racing heart every morning and the energy it needs to wake up every morning but you gave me strength during dark times continents away
Thank you! You can do this! 🔥🚀
@KudakwashePhiri how did it go a year later?
How did you get on?
Zimbabwe currency is less than toilet paper value.
Thank God 4 this channel. I was an entrepreneur from 2000-2009 when I got pregnant with my 1st child. I've been knowing for years I need to restart but my mind keeps telling me I will lose $ again & that is holding me back.
Glad the content is helping you. Do drop anything you would like me and my team to cover.
My current business is failing miserably, I took a lot of losses in 2022 and I feel beyond ashamed! What brought me to your channel was your title, but after watching this video. Thank you for transparency, thank you for honest and sincere delivery. I didn't think no one knew how horrible I felt until I heard you speak. I didn't take a super huge lost financially like that, however my company has taken a lost and I'm currently in debt. I want to know how do I rebuild, how do I take the now knowledge I have and rebuild my company all over again from scratch. I feel ashamed because everyone that believed in my vision, I let them down. That part about feeling responsible resonated oh to well. I still feel like I need to build a 7 figure business because I owe my partners and everyone else that believed in me something. I see the benefit in my business as I made over 100K in only 6-8 months. I still see a real future I need to get out of my head and push past my failure and start over, which is something I'm willing to do. What do I do next, I'm headed over to part 2 of your video. How do I talk to you personally?
Sincerely,
Tiffany Glenn
Hi Tiffany. Sorry it has taken me so long to respond. Been playing a bit of catch up recently.
The main thing I want you to do is be kind to yourself. One thing I learnt the hard is that I don't owe anyone anything except those who accept me for who I am regardless. You've been brave enough to take a leap many wouldn't have done and that despite the setbacks, you are following your passion. I know it is easier said than done, but we can learn from our mistakes but try not to let them weigh you down or you won't be able to move forward with the right mindset.
Why don't you take this quiz and see where you are right now? And we may get the chance to have a strategy call together to see how I can support you.
ceoentrepreneur.com/business-triage/
Thank you 🙏🏼
Small business here. Under threat from council about usage of my premises - despite doing everything right with solicitors etc.
The fact that the commercial units in my town are empty means it’s even more ridiculous the council treat business this way!!
Unbearable anxiety over this… so I can only imagine the dread over this situation you’ve described.
What a message of hope for us all ❤
Thanks for sharing. Hope it gets easier
This is everything I needed to hear right now. Thank you for sharing your story man. It’s so refreshing hearing someone speak on how heavy the weight is on you when everything comes toppling down. That incessant anxiety is the worst. I feel affirmed and validated and empowered by hearing your story. Thank you again.
Thank you for your kind words. They mean more than you may think. And yes this happens to a lot of business owners and I feel it’s important to highlight to others that you’re not alone. Here’s to your inevitable success :)
@@CEOEntrepreneur cheers, mate 🥂
THANK YOU ~~~ You are amazing Dr. Shahin. Your turning point is there are plenty of them in this short video. I will pick one BIG one is when you met your WIFE haha... all things happen for a reason and you met her~~ Thank you again my friend and please keep on doing these great sharing, we really appreciate it. Thanks, Tionist Li (from Hong Kong)
You're most welcome
My take home is to "learn from failure" and "go at it again" wow!
Thank you!
I was crying so hard like I was experiencing it myself man your brave. And I think the turning point was when you started talking to people about what happebd like your wife, and friends, which led you to write it down and actually understand it. Because our brain make thing into big deals but the truth free us.
Your support and empathy are truly touching. I appreciate you taking the time to watch and share your thoughts.
This is the turning point. Talking through the real outcome.
The moment I realised that I better focus on enriching myself than working for others is when I experienced bullying in my present job. I am giving my 100% at work, investing all my energy and emotions in any task that I do, but still there are people who devaluate my effort and instead amplify my small mistakes, that's when I finally decided I will run my own business than working for somebody who doesn't appreciate my worth.
Know your worth. Absolutely!
Dr. Tamer,
Thank you for being pure and genuine in sharing your experience as an entrepreneur.
Entrepreneurship seems to have been glamourized these days and most don’t talk about the terror and anxiety that one goes through in pursuit of their entrepreneurial vision and/or mission; You broke the mold.
I’m an entrepreneur and I’m a very optimistic person who always persists even after failing many times over but for the past 2 months, I came across new and various problems, all at once, which led me to have moments second-guessing myself and the path I chose.
Your inspiring story gave me additional strength and recalibrated my mindset knowing that I’m not alone and that I too, can and will weather this entrepreneurial storm and will come out stronger and wise to face bigger challenges.
I wish you the best of health, wisdom, joy, and prosperity.
Sending love all the way from the Philippines ( at 2AM ),
M. Chad P.
P.S.
Your turning point was when you realized your mission is to help entrepreneurs avoid pitfalls and if they do, teach them how to get out of it.
Thank you for your kind comment. It’s comments like this that confirm to me that it was the right decision to share my story. I agree with you… too many glamourise entrepreneurship and whilst it can have huge rewards to quality of life and impact, it doesn’t come fast or easy. Yes you are not alone. Stay strong and use your challenges as learning points. If we don’t make mistakes, we’re not growing. Wishing you all the best. If you’d like me to cover any topics in particular in a video, let me know ☺️🚀
😊
Your story is so emotional. I'm so sorry for what happened. I hope you are almost healed of the heart aches and guilt.
🙏
Thank you so much for sharing. I’m in a deep deep pit right now. Inspiring message. I think your turning point was meeting and talking to your wife and talking to one other person and learning what you can take responsibility for and what is not in your control.
I think the turning point was being able to talk about it and having that crucial conversation with others and/or MH professionals. Writing it down, looking at the big picture.
Thank you for your comment. Talking about it to someone who was impartial but still wanted what was best for me was definitely a turning point for me
Above and beyond, this has to be my favorite video. Thank you for showing us this different side to everything and how to get out, this makes me trust your advise.
You are so welcome! It's hard to show the dark side of business but it happens all too much unfortunately, and something we can all learn from
A Massive thank you for this video, your story is perfectly aligned with my current journey as a CEO in groundbreaking sustainable tech innovation with global investment, creditors, HMRC, Team, supply-chain etc. and facing some truly terrifying yet exhilarating scenarios, 5 years in, I am fully aligned with your experiences and stresses, anxieties and pressures that keep you up at night. The hardest part is to take that personal responsibility for the members of your team who have bought into your vision and journey as their own, almost in a parental role, It is a lot of pressure that investors, suppliers, and partners will never really understand and it's all on your shoulders., From my point of view, the turning point is the phrase 'Response Able' that's what I am taking away. Thanks Buddy!
I'm going through this hell right now. Just within one year I went from being excited about my future/having dreams and plans + having over $120k in savings >>> to -$85k in debt with tons of health issues and being very close to losing the most important person in my life.
Thank you for your heartfelt story! Let’s one know one is not alone in these entrepreneurial struggles.
So true!
thanks for sharing, this is very inspiring, turning point to me was when you realized that what kept you feeling down was that you didnt know how to handle the failure.
You're welcome! Thank you for watching... :) I will let others comment also what my turning point was before commenting on it myself :)
So glad you didn't go down with the ship, and have the great story to tell, to help other. Real strength only show it self at the point of sink or swim. Pride get the better of some Captain's/Ceo. Sounds like you had a lot of strong will people. Forgiveness other that you hold dear smothers all flames in breaking heart.
Turn point, when you sold all you had to save friend and even asked help from family, to fund selfless deeds are always repayed 10 fold. The ticket to your resuccess.
You inspired me during difficult times when I needed words of encouragement. You are a blessing in my life. Thanks for all your support and advice.
Wow, thank you. Really appreciate your comment! :)
I really appreciate this video. I’m currently at the low point of my failed business attempt. The anxiety that comes in the mornings and with every call/text/email is hard to describe. Your story gives me hope and inspiration that I’ll make it through this
i am at the sam point !
You should be proud and feel proud, your only failure and weakest link is your customer not honoring their contract and that’s not your fault, you did your best and what you needed to do in that situation, many people wont go out on a Lim to bail you out.... so yes progress not perfection this is what we need! I think your one of the brightest people I have met, you have a lot to give, cant wait to see what do you have next for us! Good Luck!
Thank you for your kind words! It means a lot :) and yes... stay tuned!
Thanks for being honest and open about your failures.
OMG! I'm not sure where your turning point is exactly but I can relate to the feeling of guilt and you might think you have not paid attention to certain details and then beat yourself up over it. (The company bailing out on the subcontractors). What a horrible story but you have been responsible above and beyond imho. Selling everything to save your business partner is quite the sacrifice. I know many that would have just talked their way out. You stayed true to your values of caring for others.
Thank you for your kind words. It means a lot to hear this in more ways than you can imagine. Do let me know if there are any topics you’d like me to cover on this channel.
That’s so deep & honest. Thank you to share this, it is inspired me a lot to see things in different perspectives. In your story my aha moment was the definition of responsibility “able to respond” 🤯 this is a turning point!
Thank you for your kind words and I’m so happy to hear that it’s inspired you to see things from a different perspective… even if it’s by a small amount … this was one of the main reasons I made the video 😊. Feel free to suggest any other topics or business related questions you’d like me to cover on this channel!
Inspiring. Thanks for sharing Dr. Tamer. You were responsible, doing your best, it is the momentum you need to climb the hill. Best of luck
Thank you for your kind comments of support 🙂
Thank you for sharing so honestly!
You're welcome Lee. Thanks for watching and commenting here. Really appreciate it!
I think the turning point was when you decided to abandon the general routine to pursuit what you thought was right within you which enabled you to take responsibilities for your decision as well as for others and of course couldn't have anyone to blame but yourself. Awesome
It's nice to hear a British accent in America. I'm South African.
😅 I recently tried to replicate my voice using AI and it made me sound American(video coming soon on this)! Nothing like the real thing though. Are you in South Africa or are you a South African in the US?
@@CEOEntrepreneur Thanks for responding. I am a South African in the US (I am now American). I became a lawyer here. I will look at your website.
wow that's an intense experience! thanks for sharing.
It really was... and it took me a long time to talk about this. But I felt I needed to say to others, you are not alone...
I did the same mistake but I was compelled because finding many small customers instead of a one big fish is very hard for a small team without proper sales base. Especially in the beginning
Very true. How are things for you now?
@@CEOEntrepreneur I run my business from Malta first and then from Macau. Fortunately haven't ended up in debts because I was very conservative with team expansion and the size of projects. I lost 3 months of salaries for the 5 people , and two expensive software licenses which I have never used nor I was allowed to resell it. After that debacle , I moved with my savings to Taiwan and where I wanted to vertically integrate. I lacked cutting edge skills so I graduated two masters in Taiwan . Befriended many industrialist from machine tool sector. I thought I would get the push, but basically they had seen me as a threat. My visa was sabotaged by a family of my girlfriend whose brother in law ought to become my partner for a new venture. Anyways, I have not capitulated . I spent three consecutive days on a job search. Even vomitted from too much coffee and a lack of sleep. By divine powers, government of Taiwan employed me. After two years I moved to Germany where I honed two more years in a field of my entrepreneurial interest yet by government financed project. Now I work in my field, as a group lead and developer at Rolls Royce.Although I financially recovered in total, I have never succeeded to gain a momentum and find a partner for ideas I had in Taiwan
Thank you so much for sharing your experience and expertise. I have been binge-watching your videos for the last three days and I've been learning a lot. I am in the early stage of my business, thus, I am trying to learn as much as I could. YOU ARE MY FAVOURITE TH-cam CHANNEL OF ALL TIME!
Wow, thank you! Good luck!
Great insights...thank you for starting this channel and sharing your advices. Your advices have been so pragmatic and stop-on
Thank you so much. Really appreciate your comment :) Did you spot my turning point? ;)
Sorry Bro you are a true person God bless you and may you progress in life. ❤
I appreciate that :)
Thank you so much for sharing this and also the support and super valuable advice you've given me in our many talks about my businesses and challenges. So grateful for that!
You’re welcome and thank you too so much Marloes. You are an inspiration yourself. Appreciate your kind comment!
Thank you for sharing your story so honestly. I had a tear in my eye listening to the bit about your biz partner's life. I think as entrepreneurs we often take things to heart and feel responsible for everything and everyone, and of course we can't be - that's bad for us and for others.
Er, wife!
Gudrun, You are most welcome. Thank you for taking the time to watch and yes, responsibility can be a huge burden in so many ways if approached incorrectly. I learnt this the extremely hard way! I am hoping that by talking about my experience, I can in some way make all our inevitably rocky entrepreneurial journeys powerful tools for learning, growth, and ultimately positive impact on us and those around us. Thanks again for taking the time to watch and comment :)
Well you know what they say: 'happy wife... happy life'... so it all ends up there anyway! 🙃😆
CEO Entrepreneur true 😄
This is a great video, thank you so much for your honesty and vulnerability. Tremendously appreciated, and respect.
You are so welcome. Always best to be honest about our experiences!
I think the turning point was when you were asked "[What's your problem?]", when your view was challenged and you started questioning your perspective. And I think another important point would be when you started shifting perspective.
Response able was the turning point
🙂
I'm in the trenches of shame and guilt with a failing business, this video is helping me do you have any more videos about this specific topic?
Thank you for your comment and brave words. You can see the second part of this video th-cam.com/video/PnIv1Qasaf8/w-d-xo.html which talks through a process to try to come back from failure … also this playlist may help which includes these two videos. th-cam.com/play/PLn39xAKhD8ju0LCvDzcUiM8xzjCg5VNUi.html. Good luck 💜🚀
Wow, this is deep stuff. Thanks for opening up and sharing your story to help other entrepreneurs.
Thanks Michael! This really means a lot to me. It’s definitely my intention for this to help other entrepreneurs. So words like this make the whole journey and doing this video worthwhile. ☺️
Wow, thank you for sharing this. Very intense. This is such an inspiring story that we can all learn from!
Thank you Alisa 🙏 appreciate your kind words
Response able? Was that the turning point? Thank you so much for sharing your story and also for teaching us to rewrite our own narrative! Just about to hop on and watch part 2. I cannot wait! Woohoo hooooo!!!
It’s fascinating how everyone sees the same set of events differently. Even here! This is why I said it’s not as obvious as it seems and even I didn’t know it until much later. I’m still going to leave others comment on here before saying myself what I think it was. But remember p, there probably no right or wrong answer. It’s all about perspectives and how you interpret the narrative! Thanks for commenting! 🙂
Thanks for sharing! There was no turning point I assume it was always inside but needed the time and healing process…
Time does heal most things...
Wow. That's some story. I agree wholeheartedly about learning from your failures, I've had many lol. It feels worse though when they're public, especially when you're a bit of a perfectionist. Thanks for the sharing.
Hi Kristan, thanks for your comment, hope my story has helped you.
@@CEOEntrepreneur Yeah, I think it might. I need to get used to the idea of failing miserably but not intentionally, in front of lots of people, including the ones whose opinion matters to me. Thanks for the reply.
Thanks for sharing your story, I think re-framing how we look at difficult situations can be priceless so writing everything down must have really helped you to turn things around :)
Agree. It really made a huge difference
Wow! My heart was pounding as you shared your story. I feel like I've just received a bit of therapy. I think your turning point happened when you rewrote your narrative.
Thanks Anita! We all have unique stories to tell. Can't wait to read about yours! Don't you think it's interesting to see how people interpret the same story in different ways (even when it comes to identifying what they think was my turning point)? I'll wait until a few more people have shared their thoughts on this before I chime in on what I think it was! Thanks again for watching and commenting :)
Nice to hear your story. You have really good content too💯💯
🙏 thank you!
Brilliant content Thank you so much
Awesome, thanks for the love! Happy to hear you liked the video.
Man, this is a life saver. My thank you is not enough, it somehow eases the pain 🥺
You’re welcome. And hearing this means a lot more to me than you might imagine. Keep going. Here’s to your inevitable success
Once you realize what mistakes you made to fail address them and fix it
I'm in this part right now. I can't sleep well at all.
I’m sorry to hear that. It’s not fun at all 😞. If you haven’t done so already, Please try to watch part 2 as it goes through things I did to find my way out of it. But please do try to find someone who you trust and has your best interests at heart to speak with as it can be lonely trying to work through this by yourself. Ideally the person should also have prior experience and has a similar business mindset as speaking to the wrong people who say go get a real job and I told you so is also not helpful even if they do care about you. All I can say here is try not to despair. There is usually light at the end of this dark tunnel. When you come out of this you Will be a stronger person. So Stay strong and best of luck 🤞💜
@@CEOEntrepreneur I'm in the sane situation and the amount of times people told me to go get a real job is infuriating I'm so upset. I have a. E-commerce business falling apart
I think 17:30 was your turning point.
Hello From Greece. Thank you for this really really helpful and isnpiring video. Being a businesswoman in Greece with no experience i think is really really difficult. Lost everything because i coudnt control it.
moreover i feel the same as you had felt back then
I'm confused why they can turn around and say we don't honor any contracts. I thought they are still legally binding.
Yes all eggs in one basket.
I have a plumbing and drain company. I have to chase money sometimes on larger projects. I am no longer going to do that.
Remember God put you on earth to learn from your mistakes
what a story wow
I liked it - thank you
🙏
Damn I thought I lost lots of cash..
Good for you ..
Got there ince you can make it again bro..
If I can only turn my brain off fro. New ideas thst distract me from producing.
Was at 120k month now its 49k
Ahhhhh driving .y crazy cause I do t use sop and have staff to grow.
Hand my head down and start over and do it right this time.
You can do it!
thank you so much.
Can we read about the case? Like, "we are not honoring past contracts" doesn't sound legal. Anyway, thanks for sharing.
16:33 was your turning point
😉😊
Car when on fire?
Must be Murphy's law.
🔥🚒🧯🔥
I needed to hear this! Thank you!
Glad it was helpful! What resonated with you the most?
I fear failure. I feel like i've lived 5 lives and failed at all of them.
Thank you for sharing your thoughts. It takes courage to admit your fears. Remember, each failure is a lesson learned on the path to success. And we just keep picking ourselves back up again every time we fall again
Ok but unfortunately I have failed completely with my company unfortunately we ended up bankrupt how do we over come this I’m now working as a manager this is when u lose everything I couldn’t save it now I can’t start a business for 3 to 7 years I have to find a job please help
I use same music in my product video for ph kit..lol
Lol. The music is great!
Why did you not sue the part who didn’t pay you?
Exactly how can i survive sth like that? Based in Greexe
Bro it's your fault for everything..
For everything great and bad. Your the comander..
It makes you stronger and better .
Think the pentagon lost 2.3 trillion lol
So your good.lol
Lol yes agree
You didn’t have a 100M company. It was valued on paper at 100M not actual revenue that would have translated to positive EBITDA.
😭😭😭
🙇🏻♂️
So this is why your client gets sued.
Your client can not honor Contracts.
With new guy or you go after the old administration..this don't make sense.
Client was too big and powerful to take to court. We would have just lost a ton more money and gotten nowhere. Life sometimes doesn’t make sense / isn’t fair unfortunately.
How can the director go to jail when the company should have a holdings company ... structure was wrong..dude.
Didn’t matter. In the country where the business was, the person who signs the cheque is personally liable even if you had a holding company or a limited liability company. That’s why other companies insist on a cheque to guarantee they’ll get paid. When my business partner got arrested, he met an accountant who was an employee at another company who got arrested when he signed a cheque that the owner of the company asked him to sign (which bounced) even though the employee had no shares in the company. It’s just the way they do business there. Although I’ve heard this is now changing.
Turning point was meeting your wife.
I think between 15:44 and 17:39 was your turning point when you met your wife to be and also when you were having a discussion with your friend.