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Loss of $20000..................... offline business

Discussion in 'BlackHat Lounge' started by rapidloot, Nov 4, 2013.

  1. rapidloot

    rapidloot Newbie

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    Damn it........ Felling really depressed........

    Just made a loss of $20000 in my offline business (non internet marketing business). My business was going good for last 5 years.... I was making around $10000 / year from this business ......... life was good. But my one damn small mistake cost me around $20000 (1200000 indian rupees). It will take me more than 3 years just to recover the loss..... so no more profit for next few years..... damn.... I've never told this to anyone. I;ve to tell this to someone so sharing this on BHW.

    And believe me $20000 here in india means a lot...... a lot........ just wanna kill my self right now........due to this I may even have to delay my wedding.........just have to throw my saving it to business......... f**k :cussing:

    I am still not a pro at online....... just making good enough to survive.......... now I think I've to work really hard day and night and devote much more time to online business as well to recover loss as soon as possible.
     
    Last edited: Nov 4, 2013
  2. PrinceVisi

    PrinceVisi Elite Member

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    You know why people fall? Te get right back up Higher....

    Good Luck!
     
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  3. RightInTwo

    RightInTwo Power Member

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    Keep your head up. If I can offer you any advice, it would be to not let this spill over into your wedding. You might have to scale back the cost of the wedding, but remember that your wife is most important. Do a simple ceremony, then get back on the horse of your business and learn from your mistake. you got it!
     
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  4. lakim0

    lakim0 BANNED BANNED

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    Second this...

    Perhaps you should focus on IM for now, it's not hard to make $10k/year at all.
     
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  5. OnlineA

    OnlineA Regular Member

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    What kind of mistake made you lose $20k??? If you got married, that would make sense...but other than that?
     
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  6. binaryking

    binaryking Regular Member

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    Can you tell a little bit more?
     
  7. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    Well, sorry to hear about that OP, but moaning about it won't help you.

    First you need to understand HOW and WHY you made the loss.
    If you were making $10000 a year with that business, HOW did it make a $20000 loss?
    Deep down, you KNOW WHY and what you did wrong.
    Now you can start again and know what not to do.

    Also, don't be too hard on yourself, it happens and everybody that has made it now, would have had several failures on the way.

    Time to pick yourself up, dust yourself off and get back to work.

    Good Luck
     
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  8. 1337python

    1337python Regular Member

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    A very good video, I hope to cheer you up. It's life, you learn from your mistakes.
     
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    Last edited by a moderator: May 18, 2016
  9. imupnow

    imupnow Regular Member

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    tell us your mistake so we can all learn and not make the same mistake
     
  10. Zso

    Zso BANNED BANNED

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    Some people do 20k a day, or in a couple of hours. How do you feel knowing that? You should be feeling awful but awful in a good way.

    What I mean is you should not let time beat you. It's not that you won't have any profit in the next 3 years, it matters what you do and what decisions you take.

    And you say you have some savings? That sounds so good, I don't wish you to know how is to not have a budget. Making money without money is hard so in your case, if you have some savings, the deal is half done.

    Good luck
     
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  11. SocialMediaManager

    SocialMediaManager Elite Member

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    High Risk Investments give big Returns but if you dont have enough calculation n experience it bites you

    Now get Married n Start seeing things from different Perspective
     
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  12. lowell1

    lowell1 BANNED BANNED

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    Opps!! So Said, You Lost 20000$ Its To Much, Can You Please Define Your Mistake,

    And Good Luck.
     
  13. ok888

    ok888 Elite Member

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    Dont let time beat you beat the time
     
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  14. cm88529

    cm88529 Registered Member

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    In life there shall be DOWNS and UPS bro. But what is the business....
     
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  15. MadStacks

    MadStacks BANNED BANNED

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    How did you lose 20K in a business that makes you 10K per year bro?
     
  16. rapidloot

    rapidloot Newbie

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    To all other who are asking for the nature of the business and what was the mistake I made. Well I do not want to reveal the exact nature of the business , but it involves buying a really low cost stuff and selling it for a higher price (a really old business model and there is not much competition here in my locality for my niche ). My mistake was that I bought some goods without doing initial market research and later found out that the actual price of the goods was 1/3rd of the price I paid.... This is really really stupid mistake..... and this can not be undone not even by laws. I had to get rid of the stuff some how I tried to sell it but I was not able to sell it. Anyhow I needed the money to pay the bills so I sold all the goods to another merchant at a really low price even lower than the purchase price.

    You guys have really motivated me to carry on and look forward. No one can change the past.

    Thank you guys. I really fill honored to be a part of such a positive and motivating community.