I acquired a company a few years ago. It was a multi million dollar company with a lot of room for improvement. However, it was wildly out of my area of expertise. Long story short, I fixed everything, except sales dwindled and we just didn’t have the secret sauce to pull through. I decided to pull the plug after I ran out of cash and leveraged all my credit lines. I have never had to deal with failure before. It’s honestly the toughest thing I’ve done and I can’t see myself the same. However, I still have other businesses that are going well. So I remind myself of that.

Has anyone here been in similar position where they had to close one of their businesses, overcome the mental challenges (anxiety and depression) and come out on the other side, better than before? I’m definitely not asking for a pity party, but I just want to see what others have done that have been in my shoes.

If you have any content or books to share, I’d greatly appreciate that as well. Thank you.