$200k in losses this year.
First things first, there’s going to be zero fluff in this group. Fluff isn’t going to allow anyone to learn from each others mistakes and grow and that’s the whole purpose of this group.
Also it doesn’t matter the industry, this can apply to anything. If you’re here it’s because you want to grow, make more money, grow your business, become a better version of yourself & support others who want to do the same along the way.
So at a very high level, I made some business mistakes this year that costs me an easy $200k in commission. Whether it was me not locking something up quick enough or me putting too much trust in people when it shouldn’t have .. regardless it turned out to be massive losses which moving forward I’ll do everything I can to have it either never happen again or happen way less.
The important thing here I want to highlight is .. I didn’t let those losses affect my performance going forward.
It could’ve been very easy to sit back, be depressed and angry at the world at just sit there in my own thoughts… but nothing good was going to come from that.
In business and life were going to take losses it is what it is. We can be the best of the best but it doesn’t matter the losses are going to come and we have to look at it like a simple “cost of doing business”. Sure, we need to do everything we can to mitigate the losses.. but they’re still going to come, it’s normal.
Early in my career when I would take a loss, or something didn’t sell, or a deal fell through.. I’d go in full depression mode for 2-3 days. It was years later I realized how dumb and pointless that was because the same deals that fell through would go on to close a couple days or weeks later and the time I sat back depressed doing nothing was an absolute waste of time and was pointless.
Point I’m trying to make is we need to manage our emotions and not let the losses affect us for more than 10 minutes max lol now when I take a loss I’m pissed for a couple minutes then I shake it off and keep pushing forward but that’s the only thing that’s going to get results.. not sitting there doing fuck all and feeling sorry for yourself lol
The way I look at it is, I had to lose $200k this year to make what I made & the lessons I learned from losing that money are going to make me millions over the next 10-20 years.
Reality is.. failure is a prerequisite for success & you cannot win without losing first.
Happy Friday people 🎯
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Paul Demaria
3
$200k in losses this year.
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