A proper burial

Published 10 days ago • 1 min read

When one of my worst projects comes to an end with the sale of the last apartment in a few days, I remember a piece of advice given to an entrepreneur by one of my mentors.

“… you need to give your project a proper burial—yes, a burial in which you thank it for everything, write down what you’ve learned, and take advantage of the moment to share that with all the little people around you who’ve been part of this phase with you.”

When your project is not providing cash is a hobby.

Or worst, a start-up… that is the same than telling people to play the lottery putting money and life… but even with lower chances to win.

Stop it.

If it is not giving you cash back, you’re doing it wrong.

Adjust.

If nothing works… you should consider a burial.

Smart entrepreneurs and investors don’t hesitate.

They reflect on the possibility of being wrong or having made a mistake.

And they cut their losses to fight another day.

Those that do not… end broke and burnt… with no energy or cash to fight anymore.

Business and investing are long-term plays… even if you make a quick gain from time to time.

But creating wealth and freedom is only possible if you keep playing.

This is why these moments of reflection and learning are critical.

You learn by making mistakes.

You learn by learning from others’ mistakes.

By using mentors.

By surrounding yourself of smart people and people that are ahead of you or have achieved what to you want to achieve.

If you want to learn by not doing mistakes, go back to school and university… where only the people not making mistakes get the best grades…

But if you want to learn.

To really, really learn.

You have the right formula above.

And a great place to start below.

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Lessons Learned In A Project I Lost 20% Of My Wealth

There is no greatness without learning.
And to learn, you have to do mistakes, reflect on them, adjust and repeat.... Read more

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