How can you bounce back in entrepreneurship after closing down your business?

Hello, this is Laura Lee Rose.  I am a speaker and author. I am an expert in time and project management.

I help busy professionals and entrepreneurs create effective systems so that they can comfortably delegate to others, be more profitable and have time to enjoy life even if they don’t have time to learn new technology or train their staff.  I have a knack for turning big ideas into on time and profitable projects.

At the end of the day, I transform the way you run your business into a business you love to run.

Today’s comment came from a busy business owner:

I’ve been in the wedding / event planning industry for a few years until very recently when we closed down our business. I’m not sure I want to be out of the hospitality and event planning industry forever or if I am ready for a career change. Either way, how can I bounce back from shutting down a business and begin to start over?

There are always lessons learned and self-assessments you can make on your past business.  But I would also add getting some outside expert advice. There are some things you don’t know. And because you don’t know them – it’s hard to properly assess them. Take a look at S.C.O.R.E. for some expert advise and hire a business coach. Another tip is to business network with someone that has already succeeded in the industry that you want to excel. And learn from them. If you knew all the answers already – then your business would not be closed.

Some answers your mentors can help you with are:

1) Personally- Write out

a. What you feel didn’t work?
b. What emotional aspects could of effected the business?
c. What emotional aspects could still be carrying through to your next business that needs to be resolved?

2) Technically –

a. Why didn’t your last business work?
b. What systems were in your business that worked?
c. What systems were in your business that failed?
d. How was your marketing?
e. How was your customer service?
f. How was your revenue and financial systems?

3) Once you do a review and learn from what happened in your last business you can plan out your next business opportunity.
4) Make sure you strategize how to build your next business, plan your strategy, test it out to measurable results, and the evaluate what is working. This way you can slowly growing your business and make sure it works with keeping your costs low.

They can also help you with your business plans.

I know your situation is different. Why don’t we schedule an appointment, where I get to know more about your unique situation? And then I will be happy to make recommendations on what your best steps are moving forward. To schedule an appointment, book it HERE.

With enough notice, it would be my honor to guest-speak at no cost to your group organization.

I have a monthly presentation on “how to say YES to everything but on your own terms”. To sign up for the complimentary course, go to

Photo by Thomas Martinsen on Unsplash

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