No business owner wants to be in this position, but everyone needs to realize that at some point, their business could fail. It could be a slow painful death, or it could be over in just a matter of seconds. Regardless of how long the process takes, it’s hard to deal with the aftermath and the pain of telling your staff and customers that you’ll no longer be open for business.
Perhaps you were just an inexperienced business owner, or maybe a series of unfortunate events led to your business’s collapse. Whatever the reason, we have to learn to accept and embrace the fact we’ve failed and try to remedy those mistakes in the future.