I am 45 years old... I am working as a self employed with my own business of Online work and public services since 10 years... My problem is I am unable to expand my business further..I feels , I am their still where I was 10 years... I have low confidence in my self since my teenage, that the main reason of not getting a good job being B.E. graduate. Whenever I try to do something new, my mind changes with a fear that I may occur loss. Plz help me !!! I desperately need a consultant on this...Already I have lost so many years

Ans: I'm sorry to hear that you're experiencing a downturn in your business and struggling with your mental well-being. It can be challenging to navigate such situations, but there are steps you can take to address both issues:

Seek professional help: Consider reaching out to a mental health professional, such as a therapist or counselor, who can provide guidance and support for your feelings of depression. They can help you develop coping strategies and explore any underlying factors contributing to your current state of mind.

Evaluate your business: Take some time to analyze the factors that might be impacting your business negatively. Consider the current market conditions, changes in client needs, and any potential competition. It might be beneficial to consult with a business advisor or mentor who can provide an objective perspective and offer insights on how to adapt and improve your business strategies.

Identify areas for improvement: Assess your business operations and identify areas where you can make improvements. This could involve refining your marketing strategies, expanding your client base, diversifying your services, or exploring new market opportunities. Consider seeking feedback from your clients to gain insights into their needs and how you can better serve them.

Seek support from your network: Reach out to your professional network or industry associations for support and advice. Engaging with others in your field can provide valuable insights and potentially lead to new opportunities or collaborations.

Take care of your mental well-being: Alongside seeking professional help, prioritize self-care activities that can help improve your mental health. This may include regular exercise, practicing mindfulness or meditation, maintaining a balanced diet, getting sufficient sleep, and engaging in activities you enjoy. Prioritizing self-care will help you manage stress and maintain a more positive mindset.

Explore new opportunities: If your current business is struggling significantly, you might consider exploring alternative avenues or adapting your services to meet changing market demands. Look for potential partnerships, collaborations, or even new business ideas that align with your skills and interests.

Remember, it's important to be patient with yourself during challenging times. Building a successful business takes time, and setbacks are a part of the entrepreneurial journey. Prioritizing your mental well-being will help you navigate these challenges more effectively. If you continue to feel overwhelmed, don't hesitate to reach out for professional help and support.

Ans: It is time to first make yourself financially stable and ensure your family's well-being too. To do this, it would be sensible to cut your losses and find ways of getting a stable source of income. With your experience in running a pharmacy and your contacts in that industry, you could consider a job in Pharma sales for example. That would help you retain your network and familiarity with the pharma industry. Later on, once you are well-set, you could reconsider business.

Ans: Once you are settled in a job. Normally it is very difficult to leave and start a business.
It takes courage and planning.
You should focus in the areas of expertise and passion.
You must develop your product and services keeping the above in mind with a detailed plan.