Turning Crisis into Triumph: Hard Lessons Every Entrepreneur Must Learn

Aladeloba Babatunde
3 min readOct 26, 2024

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For many entrepreneurs, the path to success is often paved with setbacks, long nights, and moments of doubt. But the darkest chapters hold invaluable lessons, providing insights that money or success alone cannot buy.

Today, I’m sharing the challenging period when my restaurant, Kiza, was on the brink of collapse — and the hard-earned lessons I learned in the process. For every founder facing difficult times, these lessons may be the light you need to navigate your business forward.

1. Friendships Can Fade in Hard Times

In business, success attracts supporters, while setbacks reveal who truly stands by your side. I noticed a harsh truth when Kiza was on the verge of bankruptcy: my network was suddenly silent. Invitations disappeared, calls went unanswered, and it felt as though I’d been marked as a “loser.” One evening, I learned that my friends had started a new investment club, conveniently omitting my name.

That night, in a taxi ride home, I reflected on the isolation that comes with failure and realized that true allies are few and far between. The experience reinforced my resolve to rebuild Kiza — not for validation, but because the dream was mine to fulfill.

Every entrepreneur should prepare for this loneliness and understand that sometimes, you will walk the hardest paths alone.

2. Investors Value ROI Over Relationships

When a business is thriving, investor relationships are a friendly parade of handshakes and smiles. But when losses mount, priorities shift. I experienced this firsthand: instead of warm welcomes, I faced stern discussions in boardrooms and cars, investors demanding answers and pushing me to close down Kiza. Their single focus was clear: ROI.

The emotional distance they created wasn’t personal — it was business. As an entrepreneur, I learned that investor relationships are inherently transactional, and this reality should be expected. When seeking funding, remember that investors are not just partners; they are stakeholders who expect returns, and when things go south, they will hold you accountable.

3. Money Alone Won’t Buy Happiness

Financial resources are essential for any business, but they are not a cure-all. During Kiza’s struggles, I maintained my full-time job to raise the funds needed to keep operations going. Yet, as I cut expenses and maximize my earnings, I felt increasingly drained.

One evening, my daughter reminded me why I started Kiza in the first place, telling me, “You should be proud, Dad. Kiza is the first of its kind in the Arab world.” This grounded me. Jeff Bezos once said, “Having great wealth isn’t an automatic guarantee of happiness.” Money is a tool, not an end goal. True satisfaction comes from staying true to your purpose, and no amount of cash can replace that.

4. Vision Requires a Resilient Mindset

Perhaps the most significant lesson of all was learning to rely on my mind, not just my eyes. In moments of crisis, your vision might show you a broken dream, but it’s your mindset that will enable you to rebuild. Despite the debts and dwindling morale, I let my imagination soar.

I visualized Kiza’s future, hosting African presidents, and welcoming prominent leaders from around the world. These daydreams were a source of strength and inspiration, leading to practical ideas to scale and rebuild. Every founder should understand that mental resilience is the core of a sustainable business.

Money and resources will help you weather storms, but it’s your mindset that determines if you’ll thrive afterward.

The Founder’s Reality: Keep Pushing Forward

The entrepreneurial journey is not for the faint-hearted. Business collapses, financial strains and emotional lows are par for the course. But the lessons learned from these trials shape you into a better leader. These experiences make the success stories you read about possible, though few discuss the countless times they nearly gave up.

What about you? Have you faced a moment when your business dreams were on the line? Share your insights. For every founder out there on the verge of a breakthrough or a breakdown, know this: the darkest hours are often the prelude to success. Stay resilient, stay focused, and keep pushing forward.

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Aladeloba Babatunde
Aladeloba Babatunde

Written by Aladeloba Babatunde

Brand Storyteller | Founder and C-Suite Content Strategist | Teens Life Coach | Christ Lover

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