Restarting/Relaunching a business

[crosseyedlion]

Hi all

I closed my mechanics garage last year after 8 months firefighting, It wasn't working in its situation/format.

After a year of dusting myself off and working for others I'm starting to get the itch to do it again in the next year or 2, much of the business was working - much wasn't.

I feel like I learnt a hell of a lot and if I apply these lessons, with a fresh start - I'm certain I can iron out the problems.

Has anyone else on here had a business, had it fail/had to close then reopened/relaunched with much better success?

I just feel like If I never use the leaning from my 8 month 'training course' (thats how I look at it now) - it would have all gone to waste.

[silobass]

There are loads of people that have relaunched and gone on to be successful. If you believe it's viable, go for it.

[crosseyedlion]

Oh I'm sure, just there's a horrible fear of it going the same way - closing was a horrible experience (Intellectually Ill make sure it won't go quite the same)

Just wondering if anyone has any examples and how they got over the memories of the bad times to make the leap again.

[singlecoil]

crosseyedlion said:

I just feel like If I never use the leaning from my 8 month 'training course' (that's how I look at it now) - it would have all gone to waste.

Absolutely. If you reckon you know what went wrong last time and you know there is still mileage in the basic idea then go ahead and have another go.

[technodup]

crosseyedlion said:

Has anyone else on here had a business, had it fail/had to close then reopened/relaunched with much better success?

I can't speak for anyone on here, but if you read ANY top business person's book/biography you'll find they've ALL had failures along the way.

Not necessarily redoing the same thing but failure all the same. And they'll all say it was ultimately what made them successful. Success is a poor teacher.