Entrepreneurial Failure – Get Used To It

To be a successful entrepreneur and you’re going to have to learn to deal with failure. There’s no way around it. Thomas Edison tried over ten thousand different experiments before finally demonstrated the first incandescent light bulb on October 21, 1879.The newspaper quoted Michael Jordan once said:. “I’ve missed more than 9,000 shots in my career, I’ve lost almost 300 games 26 times I’ve been trusted to take the game winning shot; missed’ve failed over and over again in my life, and this is why I succeed.”

In short my job and organizer has failed more than once, I can count. I also had my share of success, but it’s not even close to equality. Failures far outweigh the successes, and I’m sure I have a lot of failure before me. I’m OK with that because I know that as soon as I stop failing, I’ve stopped trying to innovate. It’s the nature of the work of being an entrepreneur, and success in the year.

If it was easy, everyone is doing it. It is naive to think that every good idea to have a will result in a successful business. I did not hear organizer says “every single idea I came up with what seems to work.” Most likely, you hear something like “I failed in my first five companies before you take this at once.”

Think about that for one second. Five companies. Sometimes the figure was three, and sometimes it’s 20, but the important point is that most business do not reach the A-home run with the company for the first time. It really does amaze me – how many people have the stones to fail five times and still start a business sixth? You have to be strong and confident and treatment of those previous five times as a learning experience for the sixth. If the failure of a number six, you have to do the same thing and move on to number seven.

In my opinion, the most important thing is how to deal with failure. Once you accept that it is inevitable, and I was able to learn from your mistakes and move forward. It’s easy to let you consume failure – not so much because you’re a pessimist, but more so because it is difficult to see something that you poured your heart and soul to be ignored or rejected. As soon as possible you need to come to the realization that your business is ignoring or rejecting, not you. The more you do it, the more you can be an objective analysis of why it failed and learn the necessary things to improve in the future.

Failure is not easy and is very frustrating, but this is a necessary part of success. Do not believe me? I ask Thomas Edison, Bill Gates or Michael Jordan! Ok, asks Thomas Edison might be a little difficult, but you get the idea 🙂


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