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So much of a business owner's personality and hard work have gone into a business, that when tragedy strikes, for whatever reason and the business is forced into bankruptcy or to close, the emotions felt by the business owner are nothing short of serious and all encompassing! Since losing a business is considered a 'major life stressor', along with divorce and the death of a loved one, a business owner that loses a business can be just as emotionally devastated. Any loss is so emotionally draining, that jumping right back into the 'business fire' with another business is not necessarily a good idea until the business owner has recovered their energy and worked through their feelings of grief completely. Defeat can be a learning experience, and many successful business people have also experienced their fair share of defeats and loss of businesses. Article: Losing a program is overall, akin to the 'death' of a loved one. So much of a affair owner's personality and hard work have gone into a business, that when tragedy strikes, for whatever reason and the occupation is forced into failure or to close, the emotions felt by the doings owner are nothing short of serious and all encompassing! Since losing a mercantile is considered a 'major life stressor', abeam with divorce and the death of a loved one, a conglomerate owner that loses a task can be just as emotionally devastated. With this in mind, it is deserved for the imperative owner to take into books the five stages of grief that do occur in a major life event or 'stressor'. These stages are harmonious to the work of renowned Swiss born psychiatrist, Dr. Elisabeth Kubler-Ross: 1. Denial. This stage is a healthy stage when the individual asks the question, 'Why Me'?, and develops strategies to develop defenses confronting the impending stress. 2. asperity or Resentment. denunciate occurs in this stage. 3. Bargaining. This is a 'truce period' where an individual makes 'deals' in their minds, if 'only' things don't play out the way they are costive to do so. 4. Depression. This is the real grief phase, and an individual will primarily feel discouraged and hopeless. 5. Acceptance. This is where reality is dealt with and the process of 'going on' begins. Withdrawal from others may occur temporarily here. Although Dr. Kubler-Ross developed the five stages primarily to be used when dealing with terminal illnesses that lead to death, her work can readily be used to many major life stresses, including the loss of a business. In addition, not all individuals go through each stage routinely in order, with some skipping stages, or staying in one stage longer than others. Business owners that suffer the destroying loss of a racket need to take into consideration themselves the same flexibility and time for mercy that other major life stressors require. They need to work through the five stages until the fifth stage, acceptance, is reached. They also need to put the loss into perspective if they can, and determine just 'why' and 'how' the dealings faltered and eventually failed. With defeat, sometimes knowledge is attained, and if a playing owner can work through the stages of grief successfully, and use the knowledge complete for enlightenment, then perhaps they can successfully start else burden in the future, and discharge tipster results. Business owners should make a list thereafter they are on their feet just the same of exactly 'what' went wrong, and methods of prevention in the future, as they can then use this to their advantages. The list can include such information such as: 1. Why the mystery failed overall: Was it the wrong type of trust for the wrong type of clientele? Was it targeted incorrectly? Was it too unusual to succeed? Was the marketing of the contract incorrect? Were the expenditures too great? Was the thing plan and outlook faulty or realistic? 2. What mistakes led up to the failure: Did the corporation grow too quickly or too slowly? Were there solid methods in place for prevention, or was the trade 'reactive' rather than 'proactive'? 3. What can the industry owner correct/rectify in the future? This is the most important question, and a list of all methods that may be used as a measure on future failures should be made. Business owners need to give themselves time to heal and sort through their feelings, though. Any loss is so emotionally draining, that jumping right back into the 'business fire' with contributory responsibility is not necessarily a good idea until the proprietorship owner has recovered their energy and worked through their feelings of grief completely. Defeat can be a learning experience, and many successful program people have also experienced their fair share of defeats and loss of businesses. Turning the 'negative' of the loss of the venture into a 'positive' learning experience will soon find the stage directions owner recovered and moving onto the next positive step in their entrepreneurial lives!
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