This is a topic very close to my heart, and I want to take some time to share with you some wisdom I have gained over the years. Yes, I was in a lot of debt at one point, and it was a difficult process. Nevertheless, I strongly believe that I was in debt because I chose to do the moral thing, and I do not regret it one bit.
Here is the story:
I was in the business of direct sales for more than 20 years when I lost faith in it, and left it behind to start a conventional business. In the first year of my new venture, many were supportive of me— 28 people invested into my business. I received RM55,000 from each of them in terms of capital investment, making a total of more than RM1 million.
Unfortunately, the new venture soon ran into problems—the supplier of the product I was selling decided to also supply to another company, putting me at great loss. A brand that I worked hard to build from scratch was suddenly taken away from me, and I was betrayed. There was no way I could continue the business anymore.
In the midst of this crisis, I decided that the only way for me to get back on my feet is to go back to what I am familiar with—direct sales. With that decision, I proceeded to inform all of my investors that my new business venture has officially ended, and returned all of their investment funds. That was the reason I was indebted.
But here is the nugget of wisdom: so what if I was in debt? I was at peace, and I knew I had a long way to go in life. I was in debt because I wanted to make sure that I could keep my head held high in front of people. Being indebted was the best possible decision I could make at that point, and I know I did the right thing. I had to be responsible for all those people who trusted in me.
I am no longer in debt now, and my valuable experiences in the past only serves as lessons for me to run Mon Space better.
Today I want to encourage everyone who is reading this post: do not be the person that sees flaws in everything. The more you actively try to seek out problems in what you do, the more you obstruct yourself from moving forward. Keep pushing, keep moving; do not let your financial crises or your debts discourage you. Keep your chin up, and know that as long as you are willing to take your problems head on, there is always hope on the other side.[/vc_column_text][/vc_column][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/2″][vc_column_text]