I lost everything in 2007 at the start of the recession. I was just 23 years old and suddenly homeless.
First, I lost my job overnight. With no income, I struggled to find a new apartment — just a few days after moving out of my old one. I was left with nothing but my car and a few boxes.
Luckily, my girlfriend at the time had a relative who had converted their toolshed into a home. The temporary shelter was a tiny space: rough, bare, and humbling.
I remember asking myself one morning as I stood emptying the portable toilet: “What has my life become?”
I felt like I had failed, but I was actually just starting out.
The toolshed was barely livable, but I made it work
The shed itself wasn’t much. The family moved all the tools and put carpeting on the floor to make it a bit more comfortable. I then added a mattress to the floor.
They also put up vinyl on the walls, so it didn’t look like a toolshed as much. In the corner was a little portable toilet bowl that I could use and empty daily.
It was barely livable, but since I couldn’t find more stable housing, it met my needs for a year. I eventually moved out after finding a full-time sales job.
In that year, I learned everything I needed to start a business
I learned to value every dollar and make it count, to trade my skills for services, to ask for help without shame, and to treasure creativity over capital.
NataKor/Getty Images
Eventually, when I started my first e-commerce business years later, I did not have startup capital or any investor promising to invest. I had something more valuable: The knowledge and ability to build from scratch. It was me transferring the experience I got during the bottom rock season of my life into my business, and it felt easier.
My perspective on business also changed. I stopped seeing business problems as an emergency. After all, losing a client is nothing compared to losing everything. A product launch failure was not a big deal.
I have already failed and bounced back, so nothing could stop me as I built my business from the ground up.
I learned that rock bottom is the strongest foundation
I originally tried building my life on the foundation of a stable job, conventional success, and other people’s approval. However, that foundation collapsed in 2007.
When I started living in the tool shed, I realized you cannot build something durable on a shaky foundation. I knew I had to go about everything differently.
When I started building my businesses, they were built on self-reliance, not job security; skills, not credentials; resilience, not comfort; and purpose, not a paycheck.
The foundation has remained solid since then, not even the COVID pandemic, market downturns, or personal crises could crack my new foundation.
From the tool shed to teaching others
Resilience is not about never falling down; it is about getting up after a fall. Today, I run multiple businesses. I host “Founder’s Story,” a podcast reaching millions of entrepreneurs globally. I coauthored a book with my wife, which was a dream come through for me.
I will never forget my toolshed because I am proud of what came out of it and the lesson it taught me. Every successful entrepreneur I know has a version of my toolshed story: a failed startup, getting fired, immigrating with nothing. The entrepreneurs who succeed are not the ones who avoid setbacks; they are the ones who learn from them.
Your setbacks are not the end of your story. They are the beginning of your comeback.
