I Lost Everything
Summary
- I took a big risk by leaving my job to start a gym in a new area where I didn’t know anyone. I didn’t have enough money for an apartment, so I slept at the gym.
- Working constantly at the gym paid off, and I was able to open more locations, growing from one to six.
- Experiencing this success made me feel accomplished and confirmed that my risk-taking was worth it.
- I sold all my gym locations to invest in something new, but I ended up losing everything.
- Even though I lost it all, I realized that each failure increases the chance of future success.
- Failure should not be the endpoint; it's a learning experience that makes you more likely to succeed later on.
Video
How To Take Action
I would suggest starting by embracing risk as a path to growth. Sometimes, you have to take a leap and start something new, even if you don't have every last detail figured out. Begin with a small venture, just like launching a new gym or project, and focus on dedication and hard work.
A good way of handling setbacks is to view failures as stepping stones. Each mistake or failure is a learning experience that builds your resilience and increases your chances of future success. When things go wrong, take time to analyze what didn’t work and adjust your plans accordingly.
To keep this approach low-cost and impactful, invest your time before you invest big money. Look for opportunities that let you put in sweat equity — much like how I worked long hours at the gym to make it succeed. This means being hands-on and fully committed to the task at hand.
Balancing perseverance with adaptability is crucial. Be prepared to pivot when needed, especially when prior investments don’t pan out as expected. Even when you lose it all, remember that risk and failure are both parts of a learning cycle that will eventually bring more success. Focusing on these principles in your business or personal growth journey can reinforce your path to success without needing huge financial input at the start.
Full Transcript
and then I lose it all I had left my job went to a new area didn't know anyone started a gym didn't have enough money to have an apartment slept at my gym made the gym Successful by working there every hour of the day was finally successful enough to be able to open a second location a third a fourth a fifth a sixth finally feel like I I taste the success like I'm actually doing something I'm actually pretty good here like that bet that I made actually paid off I sell all those locations I put the money in a new thing and then it's gone I could look back and say wow I just spent all those years and I Lally have nothing to show for it the beauty of it is after you fail the likelihood that you're successful goes up
