Saturday, July 18, 2009
The Top of One Mountain is the Bottom of Another
When I was developing my small business, which was a spa for men, I learned a very valuable lesson, although I did not realize it at the time.
It was November of 2004, and I had just returned from a trip to Vancouver, during which I had made a presentation to two prospective investors - and, subsequent to the presentation, they agreed to provide the bulk of the financing for my small business. The following day, we had a meeting and we all shook hands on the basic terms of an agreement to go forward. When I returned home to Toronto, I felt as if I were sitting on top of a mountain, until I realized that I was at the bottom of another one. Here is a brief excerpt from my book:
It is Saturday -the day after your triumphant return from Vancouver – and for the moment, you are sitting on top of the world.
For a brief moment.
Because - you don't actually have the money for your dream business -not yet.
You have an agreement in principle. You don't have a signed agreement. And you won't get the money until you do.
And - while you are on the subject of what you don't have -yet - you may as well include: a location, a designer, a contractor, a product line, a bank account, a line of credit, a Small Business Loan, a website, a software program, a security system, a telephone, a staff, a logo, a marketing plan, marketing materials…. and, you have promised your investors that your dream business will launch in June, 2005- exactly seven months from now.
What I did not know at the time, was that the very lesson that I was learning in the development phase of my small business would apply once the business opened. Every time I thought that I had climbed a mountain -by having the best day, the best week or the best month - I would find that I was at the bottom of another mountain - facing the worst day, the worst week or the worst month.
One of the most important - and painful -lessons that I learned in running my small business is that every single day you are at the bottom of another mountain.
If you accept that, you may be able to enjoy the climb.
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