How to Bounce Back from Business Setbacks Fast: 5 Questions You Must Ask Yourself Immediately After a Setback

How to Bounce Back from Business Setbacks Fast: 5 Questions You Must Ask Yourself Immediately After a Setback

A sudden loss of a major customer, a delayed shipment, an unexpected departure of your superstar employee, an injury/accident, a failed launch, a deal falling apart in the last minute, family emergencies… Operating a business comes with many unexpected challenges. Worse yet, multiple setbacks can come at us all at once.

When setbacks like these happen to you, they can take you right out of your element. This is particularly true when you are laser-focused on achieving your goal, leaving no room for doubts.

 

So, how do we bounce back from setbacks fast?

 

On a personal note, while writing this post, I experienced a setback. 

Only a few days from my meetup live event in NYC, I had no choice but to put it on hold due to an unexpected complication with the venue, where the event was supposed to be held.

This has never happened during my 2 years of running live events.  

If you are experienced in running events big or small, you know the production process starts way before the actual event.  You may also know that securing a venue is the biggest hurdle for anyone who wants to host a live business event. 

Needless to say, it was a blow at first.  To make the matter worse, in just one-weeks’ time surrounding this setback, I have gone through a massive water leak in my apartment, resulting in a section of the ceiling falling down and a family member getting injured.  Luckily, none of these were life threatening. 

Nonetheless, they did not help me get through a setback any easier.

This experience prompted me to write this post on how you can handle business setbacks better and faster.

At this point in my career, I can safely say that I'm a pro at dealing with setbacks because I've had so many in my life - both business and personal.  As I faced numerous setbacks, I have perfected a way to handle them better without forcing myself to believe everything is OK.

Recovering Workaholic’s Staycation Gone Wrong:  My Story & What You Can Learn from It.

Recovering Workaholic’s Staycation Gone Wrong:  My Story & What You Can Learn from It.

There were many things my father taught me back in a day.  One lesson that stuck with me was, “When (notice: not ‘if’) you fall, grab something, anything, on your way up.”

Recently, I attempted to take some time off in a lazy way by making it a ‘staycation.’

The description of “staycation gone wrong” may be a little exaggerated.  In hindsight, it was not as terrible as it seemed at the time, but the experience was not great.  This was one of those moments where my father’s advice seemed quite fitting.

In this post, you will see 3 simple sections: Before, during, and after.

If you consider yourself a “recovering workaholic entrepreneur,” this post can help you plan your time-off effectively, mainly by not doing the things I have done.  So, read on!

The Back Story

Despite my skillful mindset practice involving meditation, continuous education, and other energy preserving strategies, I was burned out.

The reason was obvious.  I had not taken a vacation since late 2015.

Unfortunately, this is pretty normal for entrepreneurs like myself.

Because we can't rely on paid vacations or time-off like regular employees, we end up burning out.  The most challenging part of this predicament is giving ourselves permission to take time off. Sounds simple, but it’s a hurdle that is extremely hard for some (myself included) to jump over.

This process could be made easier if we could just ask someone else to give us an OK.  In some cases, family intervention plays a role in this type of situation (if you are lucky).

Bootstrap Trap: The Hidden Cost of Being Thrifty that will Keep You Away from the Place of Growth

Bootstrap Trap: The Hidden Cost of Being Thrifty that will Keep You Away from the Place of Growth

My parents happen to be a bunch of mad thrifty & handy people. They don't suck at anything. They sure know how to "get by" with a limited amount of resources.

Because of it, it's been engraved in my brain so much so that, if I left myself to my own device, I don't have a moment where I don't say to myself, "How do I get that with the best deal I can possibly find without wasting time? Ah heck, I'll just do it myself."

I had to 'unlearn' this mentality entirely when I left my corporate life. By the way, the process of 'unlearning' is an ongoing process; it never ends.

Here's the ultimate question for you that I had to ask myself:

“Do you want to just... ‘get by’?”

Likable vs. Relatable: Why Your Innate Desire to be Liked is Killing Your Business (and What to Do about It.)

Likable vs. Relatable: Why Your Innate Desire to be Liked is Killing Your Business (and What to Do about It.)

“The Courage to be Disliked” has been a Japanese’s bestselling self-help book for the past few years.

It is a big deal as this probably is the last group of people on earth voicing their desire to be "different" and to be totally OK about it. It is a long time coming.

Born and raised in Japan, I have the first-hand experience in failing miserably at being a “girl next door.”  I have been (and still am) more like Wednesday (Christina Ricci) from The Addams Family or Lydia (Winona Ryder) from Beatlejuice. Not the most approachable in the eyes of a well-behaved collective. 

Days of No Wins: How to Defy Your Emotional Gravity and Stay Productive.

[Fact] Every entrepreneur experiences "Days of No Wins" on a regular basis. In this post, I will share my 3 tips for making those days meaningful and reveal the reason why I don't look for small wins.
 

Seeds have been planted.  This is the point of no return.   Leading up to that point, you have mapped out your strategy, your intention was clear, you poured yourself into it, and you went for it. All in.

Now what?

How to avoid FOMO by Creating Bold Themes that Ground You

How to avoid FOMO by Creating Bold Themes that Ground You

My biggest take away this year was how effectively creating clear themes helped me to stay on the right path. 

It had a tremendous impact as I managed to avoid chaos and FOMO (fear-of-missing-out) often triggered by hot new trends and crazy sounding success stories from the online world.

In our head, we all know that we should not get side-tracked by the noise coming from social media posts and relentless ads full of ridiculous success stories. But, let's face it; it is so hard not to get sucked down the rabbit hole. It's because those are designed to tap into your emotions.

A No BS Guide to Beating Generosity Burnout

A No BS Guide to Beating Generosity Burnout

The holiday season is fast approaching. Do you feel the rush of excitement from gift-buying suggestions, travel planning, and an increased communication among your family members? 

I get giddy from sparkly lights that illuminate long, dark nights. I reminisce over cheesy holiday music. I cleanse my brain by breathing in cold air loaded with the sharp, green smell of spruce. I feel hopeful seeing holiday-themed gratitude quotes that are passed around over social media...

Instantly, this season puts many of us in a generous, giving mood. It's simply contagious.

But then...what goes up, must come down. Ying and Yang. I sense a fuzzy dark cloud forming and it’s coming my way. Every so often I come down from a holiday hype high, and I don’t feel well at all. What’s really going on there?

Recap: Battle-Tested Tips to Create Explosive Growth in your eCommerce Business

Recap: Battle-Tested Tips to Create Explosive Growth in your eCommerce Business

Here are the take-aways from my June 19th fireside chat with Tai Odunsi (Wizker.com), to discuss his entrepreneurial journey as an eCommerce brand owner.

We experienced a massive tropical rain storm in NYC, that night. As my luck would have it, it was the biggest one yet this summer. Still, there were plenty of eager attendees who braved through the storm to witness firsthand the testimony of an author turned into an owner of a product-based brand. It turned out to be a very intimate, and special event.

Stop Using This Word If You Want To Maximize Your Potential in 2017

Stop Using This Word If You Want To Maximize Your Potential in 2017

The word in question is everywhere and, of course, all over social media. The next 3 months is THE season for this word to pop up even in many ads. Can you guess what that is?

The word is: Goal(s).

“Have you set your goals for 2017?”
“Do you have goals for your business?”
“7 goal-setting tips for 2017”

Coupled with the, ‘resolution’, you will start seeing similar posts or polls like these very soon if not already in your social media timelines and feeds.

Goals are great. Knowing what you want to achieve personally and professionally is important. However, I feel that psychological impact of the word, goal(s), has been diminishing over time.  It almost feels lukewarm.