Saturday, November 25Info That Matters

How Can a Failed Entrepreneur Survive with No Money

Maybe you’re a failed entrepreneur or unemployed and you don’t have many friends or investors and you’re asking yourself, “How can I survive without money?”

I’m writing to tell you that you’re not alone, there are many out there in the world that have also made losses or have just failed to make it and are broke.

Don’t worry you’re in luck, you can still get back on your feet as I will quote the words Nick Malik said to a similar question in Quora, “Get a job, save some money, make friends, and look for opportunities to start over.  This time, with the lessons learned to make you better.”

Borrowing from experience and Leonard Kim on the same question on Quora, don’t beat yourself up when you lose everything you owned. Accept it and start re-grouping. The most important wise move would be to reach to your most trusted family member or friend, talk to them about your ordeal so that you don’t go through it alone.

Also read: How to Stop Being Average

Don’t beat yourself up when you lose everything you owned

Also remember that if you’re losing your house or were previously renting they can offer you a place to stay as you get your act together.

You have significant experience in your field, look for a job and work for some time as you save some of the money. Before you start leaping, you have to crawl and walk, get your own home and keep your dreams in focus.

How Can a Failed Entrepreneur Survive with No Money - Newslibre
(Image credit: Jim Jackson – www.pexels.com)

As you work, think of your strengths and consider that is where you’ll shift your investment once you’ve raised enough.

Lose your introvert character and make as many friends as you can. If they invite you for a dinner don’t hesitate, just go, and if your colleagues ask you to join them to work please do. Why? These people you meet or spend time with will be your future investors, loyal clientele and most certainly will recommend you to gigs as you start out.

Lose your introvert character and make as many friends as you can

Start investing slowly in the viable opportunity you’ve seen and properly weighed as your still employed so as to minimize starting from zero in case of failure. When you’ve started making significant return, resign your job and give time to your investment to make the most out of it.

When you’re done and all is well, maybe write a book and share story and experiences with other people who might be in the same situation as you were.

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