Your startup failed, now what?
9 out of 10 startups fail and it’s a harsh reality to deal with when you’ve poured your life, blood, and soul into creating something that you’ve cared so much about.
The first thing you can do that will instantly make your life better is Let Go and Realize that it’s over.
You are officially nothing, you don’t have a job title, you can’t hide behind the wall of mystery that you once could and proudly tell people what you built without ever actually telling them what you did.
You are no longer the same person, and that chapter of your life has ended. The sooner you come to that realization, the happier you will be with your life and any new path you might take.
Don’t search for meaning in everything that happened, it doesn’t mean anything. It only means that this right now was not the right time and you still can learn a lot.
But don’t search endlessly for knowledge in an attempt to make up for your downfall. You’re smart, You’re brave and You’ve already made it on a journey that few people choose to do because trying is hard.
The best thing to do right now is to conduct a quick post-mortem to learn whatever you can from your experience and move on to become a better person.
So what now? You feel like you’ve lost everything, and not a lot of people around you know what it’s like to be in your shoes.
You will be depressed, you will have anxiety, but you can learn to control your emotional state. In fact, if you want to continue down the hardest path in life It’s a requirement that you learn to control your emotional state.
You can learn to control your emotional state fairly simply, start by meditating for 5 minuets a day. Those five minutes a day will be the most beneficial time you spend doing anything after a startup failure. Everything you’re feeling is not lasting. It can and will go away when you let it. You can use apps like Calm and Headspace to help you through guided meditation and get used to clearing your mind.
Exercise will be worth every minute you invest, even if it’s just 5 minutes a day. You can stretch, you can do yoga, you can do the 7 minute work out, you can go for a walk, you can jog or run, alone or with friends. But do it. Just do it. You need to be healthy and being healthy isn’t about losing weight, it’s about moving. Depression will wreck havoc on your life if you never move, your body needs to move just like your brain needs to think. Use apps like sworkit, fitstar or any seven minute workout.
Write what you find in the post mortem and tuck it away and don’t write anything else for at least three months after the failure. Everything you write will have a depressing overtone and won’t be clearly focused on what really matters. You’ll just be searching for meaning in your writing instead of getting your mind straightened out and thinking clearly.
About the author
Jade Tuplin is the Founder of Jetes, a business that does business stuff for other businesses. He has closed over $3m in sales and has run 9 completely different companies. You can connect with him on his Website, Twitter or LinkedIn.