In our culture, financial success is applauded. People who have more material wealth are recognized and looked up to. Business owners, particularly, are held in high esteem. They are sought out to serve as community leaders, as directors on the boards of nonprofits, as people who get things done. And with good reason…business owners, generally, have accomplished something big. They have achieved the American Dream.
But, being attached to the business can create some big issues. A business can be viewed as a big, sleek, beautiful, luxury yacht, loved by its owner as a testament to their great business acumen and financial wherewithal.
That’s all well and good until the economy turns south and the business starts to falter. Or the need for that product or service produced ceases to exist. What then? The owner typically starts losing their self-esteem.
They try to hold onto the thing that they’ve created and hold dear. But no matter what they do, the yacht is sinking! OMG! Now what? When the owner of the business is emotionally tied to the business (yacht), he/she sinks with it.
I see it all too often. When the business collapses, the owner sinks into a deep depression that is most difficult to recover from.
But there’s a better way. Instead of sinking, what if the owner wasn’t anchored to the boat and could swim to shore or be picked up by a passing freighter? That owner still possesses the skills necessary to rebuild.
He/she is quite capable, through their years of experience in building the first business, of becoming more successful, much faster than before. Not the best case scenario, but certainly better than being dragged down by a sinking ship!
How would you feel if your business collapsed tomorrow? Any amount of bad or sad is too much! It’s wasted energy to commiserate about what could have been or should have been. Let it go and move on.
This applies to anything…a lover, a car, a house, etc. Attachment always causes issues.