Article Overview: I am sure that you have had your own share of disappointments. Perhaps you are working through one
(or several) right now. Disappointment is an emotion we feel when we don't get the outcome we want or expect. How are you going to deal with disappointment?
Free Download - Work Worth Doing Caren Merrick By Margie Warrell
How Do You Deal With Disappointment?
Life doesn't always go to plan. Sometimes things don't work out as we want. Sometimes people let us down. Sometimes our hopes, dreams and expectations crash to the ground with a thud. So how do you deal with disappointment?
Over the years I've felt disappointed more times than I care to count. An opportunity that looked promising fell through. A person I thought highly of acted poorly. AjobI wanted went to someone else. Just last weekend, I felt a stab of vicarious disappointment as my oldest son, Lachlan, missed out on making the select basketball team. He'd had his heart set on it; and when my husband told him the news, I found myself struggling in vain to hold back the tears for the sharp disappointment Lachlan felt. (Oh how we parents hate to see how children in pain.)
I am sure that you have had your own share of disappointments. Perhaps you areworkingthrough one (or several) right now. Disappointment is anemotionwe feel when we don't get the outcome we want or expect. When reality fails to conform to what we think it 'should be', disappointment (often combined withresentmentor frustration) rises up within us, sometimes with an intensity that knocks us down hard.
Ashuman beingswired to become attached to certain outcomes, we are destined to experience it right throughout the course of our lives. Having recently shared two days at a conference with the Dalai Llama, I am reassured that even the most 'enlightened' among us are not immune to emotions such as disappointment. Rather, they have just learned how not to let those emotions take hold.
But Ibelievedeeply that if we only ever had things work out the way we wanted, we would nevervaluesuccess, and we'd never develop theresilienceor wisdom God (or the universe or whatever you choose to call it) intended us to. It's the knocks in life, thesetbacksand disappointments, which allow us to savor and fully appreciate the wins and successes.
As I work through disappointment, I am called to deepen my faith -- in thebelief thateverything is exactly as it should be (even though that's not always how I want it to be), in myself and in my own resourcefulness. It also calls me to listen more closely to my own intuition and totrustthat within every disappointment lies the seed of an equivalent or greater benefit. I just have to find it.
You just have to find it. Does that lessen the blow for my eleven-year-old Lachlan as he comes to accept a reality that is different from the one he'd attached himself to? Nope. Not much. But I have great faith that his character, in hisresilienceand in his ability to deal with otherdisappointmentsthat may line his path through life, will be strengthened because of it. Just as it serves we 'grown ups' not to get our way all the time, so too it's good for our children to learn how to pick themselves up after a fall and press on despite a setback.
I think the harshestdisappointmentsare those that occur due to the actions of specific people in our lives -- people we expect a lot from, people wetrustto act kindly, people we assume will be honest. But expecting those around us to always respond with wisdom, generosity, good judgment, thoughtfulness, or humility is setting ourselves up for disappointment. Just as our ego sometimes gets the better of us, so too others fall prey to theirs.
Our disappointment can be eased when we realize that no matter how hard our efforts, how high our expectations, or how desperate our hopes, we can never force the world to submit to our idea of how it should be, nor force people to behave a certain way. Likewise, we can never expectlifeto always unfold a certain way -- for our good deeds to be recognized, for our generosity to be returned, for our honesty to be rewarded, or ourcourageto be recognized, at least not in the short term anyway.
All you can ever do, in the face of thedisappointmentsthatlifebrings your way, is to step forward into each day, into each new challenge (however unexpected, unfair or daunting) withtrustin yourself, faith in your future and arms open wide to each and every experience thatlifebrings your way. Life can only ever be lived in the moment.
We are missing the boat when we spend our days stuck in regret andresentmentabout what happened yesterday or infearandanxietyabout what might happen tomorrow. Right now, in this moment,trustthat you are exactly where you need to be and that precious lessons on wisdom, courage, faith and self-trust are waiting on you to be uncovered. And for those who you are disappointed in, know that they have their own lessons to learn and that ultimately, what goes around will come around.
I encourage you to breathe deeply into this moment. Really deeply. Go on, do it. Right to the bottom of your stomach, and as you breathe out, let go youranxietyabout the future and anydisappointmentsof the past. Rather, just give today the best you have -- for all that it is, and for all that it isn't.
Life can only be lived forward. What happened (or didn't happen) yesterday, and what might (or might not!) happen tomorrow pale into significance compared to how you choose toliveyourlifetoday. Disappointments, setbacks, mistakes, unfulfilled expectations, dashed hopes -- they are all part of the rich tapestry of this is your life, and my life. Don't wish them away. You wouldn't enjoy all the wonderful things in yourlifehalf as much without them.
Margie Warrell; thought leader in human potential, master life coach, international speaker, media contributor and best-selling author of Find Your Courage.
Take the Courage Quiz, watch Margie’s TV interviews (TODAY show, Fox, CNBC) and sign up for her free LIVE BOLDLY! newsletter. Then order your personally autographed Amazon best-seller book Find Your Courage.
Related Forum Posts Who inspired you to start?
- When I was a teenager I read "The Art of the Deal" by Donald Trump while on a road trip to New York City. It helped inspire me to want to start my own business and is also one of the reasons why I have created so many famous entrepreneur profiles. I believe that by modeling the success of other entrepreneurs you too can become successful.
Who was it that inspired you to start your business?
Trump and Stewart
- I really enjoyed Trump: The Art of the Deal and The Martha Rules. I think the best advice you can get is from people who have made it and not just consultants who haven't been there. Evan's site is great because of all the famous entrepreneurs and their advice directly from them.
Donald Trump and Martha Stewart are 2 great examples of successful entrepreneurs and the books are written in their own words which I find extremely valuable and motivational.
Re: Obama Wants Social Security for Illegals
- [quote="Alan Mater":2puakyzo][quote="Lucy Wu":2puakyzo]I think America's biggest problem right now is clearly the recession, and that should be the main focus as of now.[/quote:2puakyzo]
I agree. Do you think President Elect Obama is doing or will do what is best in terms of beating this recession?[/quote:2puakyzo]
Unfortunately, I think Obama is going to pull another "Roosevelt." According to economists, Roosevelt's plans for the New Deal extended the Depression by 7 yeasrs...
We can already see today that nothing has "changed." Incompetent bankers, lenders, and businessmen get into trouble, the politicains vote to give them billions of dollars of *our* money to bail them out...and yet there is no oversight of how the politicians are going to spend that money! They can do anything they want with it including bailing out the auto companies.
Frankly, I sure do wish I worked for Chrysler right now. They've shut down all their plants... and yet every worker will continue to be paid their full salary...for sitting around the house doing absolutely nothing. (I wonder if they'll get Christmas Eve and Christmas Day triple time pay, too.)
Re: Obama Wants Social Security for Illegals
- [quote:21pbp7ux]Unfortunately, I think Obama is going to pull another "Roosevelt." According to economists, Roosevelt's plans for the New Deal extended the Depression by 7 yeasrs...
We can already see today that nothing has "changed." Incompetent bankers, lenders, and businessmen get into trouble, the politicains vote to give them billions of dollars of *our* money to bail them out...and yet there is no oversight of how the politicians are going to spend that money! They can do anything they want with it including bailing out the auto companies.
Frankly, I sure do wish I worked for Chrysler right now. They've shut down all their plants... and yet every worker will continue to be paid their full salary...for sitting around the house doing absolutely nothing. (I wonder if they'll get Christmas Eve and Christmas Day triple time pay, too.)[/quote:21pbp7ux]
This is what happens when the Government gets involved and puts its nose where it shouldn't. Let the market correct itself. There is no reason for the Government to bail everyone out. If the businesses, mainly banks, weren't corrupted with greed, this wouldn't have happened. They are and it did, so let them dwindle away and pay for their mistakes. That's what any small business has to do. Why should they be any different. They have gotten away with it for over 10 years! Surely they should have seen this coming.
[quote:21pbp7ux]Sad but this is exactly how I feel about it. Change is coming - but unless I'm really wrong, it is not a change this country needs. Amazing how much a good speaker with a good speech writer can do. If you paid attention to the things he said "off script" - much of it is frightening.
Chris[/quote:21pbp7ux]
It IS sad. What's more sad is the fact that Obama had the media wrapped around his finger, and still does. The media is just as corrupt as the banks.
Different Types of Funding
- Finance for business can be obtained through a number of different sources.
Let's review some of those channels to help you decide what's right for your business needs:
Grants
There are over 930 different EU and UK grants and loans available from over 100 issuing bodies. This is the cheapest form of finance and an important part of the funding package that companies and individuals need. We can help you find your way through this maze.
Technology
Micro Projects: 50% of eligible costs up to £20,000
Research project: For a technical and feasibility study of an innovative idea for new technology 60% of costs up to a grant of £75,000.
Development project: For development up to pre production 35% of costs up to a grant of £200,000
Developing an innovative idea: valuable for small companies and individuals at the start of a technical project: 75% of costs of hiring a mentor and consultants.
Export
To start exporting or moving into new markets grants of 50% of costs up to £20,000 each.
Training and Education
Knowledge Transfer Partnerships, Achieving Best Practice in Your Business, Investors in People
Modern Apprenticeships
New Deal for various grants.
Environment
BOC Foundation for the Environment: 25% to 50% of Project cost, typically £20,000 to £100,000
Clean up Fund: Emission reducing equipment up to 75% of cost
Community Chest Fund: Up to £25,000 for projects near active SITA sites
High Impact Fund: £150,000+ for larger projects near SITA sites
Assisted Areas
Regional assistance grants of between 10 and 35% for capital expenditure in less favoured areas of the UK.
Loans
Loans are an excellent source of finance if you have suitable security to borrow against or a reliable earnings stream. This needs to be planned and presented well to obtain funds.
Credit cards
Provides up to 56 days free credit if you play the game!
Overdraft
Banks are surprisingly supportive when presented with a well thought through plan and competent management.
Bank Loans
Lenders tend to look for a good business plan and security. Typically the loan is approved by a centralised back office function rather than the person you meet. Terms and rates depend upon the risk. Repayments can be very flexible to meet your specific needs.
Mortgages
These can include flexible repayment terms to meet your business needs. This can even be incorporated into your overdraft finance so that you have one flexible account for both personal/ business mortgages and overdraft
Small Firms Loan Guarantee Scheme
Up to two years trading: Up to £100,000
Over two years trading: Up to £250,000
However these are difficult to obtain and are a loan of last resort.
Export Guarantee Scheme
This is government backed insurance against appropriate export documentation.
Mezzanine
This is a halfway house between loan and equity. It can be an innovative way of raising funds for the more established business. Mostly for expansion capital.
Equity
This is not as easy as the papers would have you know. Only 1% of business plans received by Venture Capital Funds are successful. However, a good business proposition consisting of a strong demand for the product or service, management track record and a sound financial plan will enhance the chance of success.
Business Angels
These are high net worth individuals who are successful businessmen looking for investment opportunities. They can provide both time expertise and money. Typical investment size is £25,000 to £250,000 but can go as high as £2m for the right opportunity. Exit within 3-5 years.
Venture Capital
These are investment funds seeking high rates of return. However typically investments are over a million pounds. Some funds are targeted at lower amounts depending upon the sector and region. These funds are looking for exponential capital growth over 3-5 years.
Asset backed finance
This can cover machinery, sales invoices even sales orders. It can be a very flexible source of finance to the growing business
Leasing
This will cover your capital expenditure and spread the cost over a three to five year period. It is particularly useful if you do not have taxable profits to maximise your capital allowances.
Sale and leaseback of a property you own is another good source of funds.
Factoring
Factoring offers a sales ledger administration and debt collection service. Up to 95% of an approved sales invoice is paid within 48 hours, quicker if required. Credit protection is also available to protect against a bad debt. The Factor will own and place a first charge over the book debts and they might also take other charges, depending upon the strength of the financial information.
Invoice discounting
Invoice Discounting can be Confidential or Disclosed; it depends upon the strength of the financial information. The service is the same as Factoring, except that the sales ledger administration and the debt collection is the responsibility of the client and not the Factor. Pre payment of the approved sales invoice is still up to 95% and the factor will still have a first charge on the book debt and therefore own the debt. This service can also have credit protection cover. All sales invoices need to be for a business to business debt, and some proof of delivery is generally required.
Trade Finance
This is funding provided against stock purchases, signed contracts and orders whereby the funder will prepay a certain percentage of the value
Pension fund
It may be possible to use your pension funds for a loan back to the business
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