Paddy Tan
2 min readJan 10, 2022

2nd Time Founder

3 things always happened when you run a new business:

A. You are overly cautious
Past failure shouldn’t determine what’s next for you. Is good to be cautious so as not to repeat the same mistakes but if you placed too many procedures or react too slow, you will not make the same mistake but a bigger one

Identify what you are good and weak in. If you suck at ops and didn't sign a bunch of agreements in the previous business and messed it all up, then don't touch it anymore. Get someone who is easy for them to take over.

Else, spend the necessary time to do it get yourself more ready if you can't afford one to do so. But never hold onto stuff that you are not good in and keep trying your best. Put your time and resources to do better things that yield bigger results.

Overly cautious will drive your partners, your colleagues up the walls when everything has to be triple checks and run meetings after meetings just because you want to be 100% sure that the planets and sun are aligned.

Go close down your business instead and work for someone else.

B. Lack of Confidence
You failed once and you got up your feet and you start running again. That itself earns you a pad on the shoulder.

But if you are still always doubting yourself despite assessing all that is needed from you to move forward. Then give up. Don't waste time making a second attempt. You be wasting everyone's time who believed in you and your business.

Walk away. Come back when you are less whiny and loves starring blank as the world moves with or without you.

Tell yourself that you failed and you wanna try again and do better this time and then move. Stop getting assurance from everyone just so that you can run a better business in the future and may just be richer than everyone who encouraged you before.

C. Same behaviour, different results
Change the way you see business opportunities, partners whom you worked with, procedures that are outdated.

Speak up. Say more No than Yes. Put the messages across clearly, walk away if is fuzzy.

Offer different products, give better values. Define that is value to who the potential clients be. Where are there, who can connect you up with, whose help do you need.

Change the way you see life, treat yourself better. Failing once but coming back again is courageous.

And is okay to fail and never come back. Is okay. Not everyone can run business successfully and still have that life that you want. It is swimming against the tide. Is going again the norm.

Paddy Tan
Paddy Tan

Written by Paddy Tan

I help Startups grow and scale in Southeast Asia. Within 100 days. Growth Strategist | Investor in Startups and SMEs | Scale Startups & Train Founders.

No responses yet