You may remember that around this time last year, I quietly closed the doors to my second studio.
The following is an excerpt from the blog post I wrote about it, and toward the bottom I offer some perspective I gained in the last year.
I was not walking my talk
With more than $10K and a lot of sweat equity invested I could not just walk away. I can make this work. I don’t want to fail. I don’t want people to see me as a failure.
That critic in my head kept me bound (attached) to the studio when owning it was no longer serving me. That critic in my head made “failure” sound insidious, negative, and everlasting. That critic in my head said I should keep trying because I’ve put so much into it already.
Enough was enough
I finally quieted the critic in my head and closed the doors. No big announcements. No trying to save anything or sell anything. Just done.
Two months later, my perspective is a little clearer. The failure label is no longer a negative…I am who I am today because I’m the sum total of both my successes and failures. And if we’re honest, we know growth comes from the failures more than the successes.
Here, in no particular order, is some of the perspective I gained:
- I spent untold amounts of energy on something that I didn’t thoroughly love doing that prevented me from having the necessary energy to work on the things I did love.
- Those warning signs are real and ignoring ‘em only makes ‘em bigger. Like the drunk who keeps getting more annoying yet we stick around until he vomits on us. Then we get mad at him. I didn’t have to wait for it to get SO BAD.
- You can’t go back. For me, operating a studio again was the equivalent of remarrying a man I had divorced. There’s a reason why the marriage didn’t work the first time.
- No amount of money (invested and/or lost) is worth your health, well-being and sanity. AND I WAS GOING CRAZY and making those closest to me crazy too.
- You can make a different decision. All decisions are made with the current information available. When different information is revealed, we have the power to choose differently.
- I haven’t missed a single day of the studio since I “closed” the doors. I’m nestled all snuggly in my new home at Yoga on Main, coming and going as I need and leaving the studio operations to someone who does love it.
My perspective after a year
I have ZERO regrets from closing the studio. NADA. ZILCH. ZIP.
The energy that was freed up from no longer being bound to something that made me deliriously un-happy led me to one of the best years for me. I participated in many online courses (that I otherwise couldn’t have afforded because my extra money was being diverted to the studio). I wrote and published a book (that I otherwise wouldn’t have had the creativity to do).
And every day I feel more clear about what I’m supposed to be doing. (More on that in future blogs.)
One segment, not all
The failure of the yoga studio is the #1 reason why I believe in generating multiple streams of revenue. While I did take a hit in one segment of my business, I still had others that were generating income. And not-so-ironically, the segments of my business that continued to thrive during this time were the areas in which I was absolutely passionate!
Plus I “failed” in one area which does not translate to a complete failure. Nothing ever does. Get that? Nothing you ever fail at makes you a failure. They are not intrinsically tied together.
Failure is usually a blessing in disguise
By letting go of the studio, not only did I benefit but so did many others, both directly and indirectly. Putting in time and effort into something you don’t love is most likely going to lead to disaster. What failure can you let go of today—big or little?
P.S. Want to read the original post in its entirety? CLICK HERE