In over 12 years as an entrepreneur and business owner, I have never been in a position where a bank/investor owned my business and could thus dictate my decisions. In my opinion this is one of the most important factors for running a successful life and business.
This also means the responsibility for every action taken, or not taken, lays with me. I can’t blame anyone else for the mistakes I make or the success I have and it offers a powerful tool for improvement.
It may sound harsh, especially in a time of economic crisis, but here lies the chance. Try to not blame anyone, neither the economy, nor your clients or family. Try to see the chance in a crisis and a lesson in a failure. Always look for the solution instead of focusing on the problem.
If a business owner looses control or is not self-reliant, he will depend on others, be tempted to manipulate, conform, compare and compete.
If you are self-reliant, you not only belief that you can handle things and your business will become successful, it is more than that. Self-reliance gives you courage to “listen to your gut” and achieve true success.