Entrepreneurial success

Business Forum

Getting Inspired, Sharing Wisdom

People and Companies Who Inspire

Entrepreneurial success - What is it?

New Topic

Post Reply

Follow Topic

« Prev Page of 2

Author
Message

NVArchitect

posts: 21

Oct 11, 2008 2:57 AM ET Quote Report Abuse

Points: 0 Vote

The flip side of entrepreneurial success is obviously entrepreneurial failure. But is failure for the entrepreneur only a negative experience or is it, as many sucessful entrepreneurs claim - a pre-requsite to success.

Also, are their other positives from failure like a chance for discovery, a profound teacher, a future value-adder, a provider of new direction, an enhanced motivator, a path to achievement and even as a relieving liberator.

The founder of IBM (T.J.Watson) actually stated that to guarantee success you needed to double your failure rate. Maybe entrepreneurs need to redefine failure.

For more information see my updated article Redefining Failure - An Entrepreneurial Perspective.

ddutton

posts: 20

Oct 11, 2008 4:16 PM ET Quote Report Abuse

Points: 0 Vote

Thank you for such a eloquent response.

If you look at those that have documented success such as Jim Collins in Good to Great and James Ray in Harmonic Wealth, you find references to several measures of success and money is only one of those ways to measure. We have demonstrated evidence of significant financial wealth attached to many very unhappy people who live on excesses rather than solid core principles.

How does this relate to entrepreneurs? Yes, the successful entrepreneur is the one who can take their vision, make it a reality and give great value to the world in the form of products and services useful to humanity. Henry Ford when asked what would he do if he lost everything said, he would find a human need and fill it and have it all back in no time at all!

When I am able to move from early stage entrepreneur into "successful" entrepreneur I will have found the route to providing my great value to humanity. In the meantime, while I wait for the financial success to catch up to my mental, physical, relational and spiritual success, I will put thoughts, feelings and actions in alignment with my vision and give as great a value as I can along the way, always with a smile!

CraigL

posts: 9051

Oct 11, 2008 7:12 PM ET Quote Report Abuse

Points: 0 Vote

Folks might be interested in another extended topic we had earlier:

Model for Failure.

NVArchitect

posts: 21

Oct 12, 2008 1:18 AM ET Quote Report Abuse

Points: 0 Vote

Thanks Craig - I think that discussion post should be on the front page constantly. All good, all positive about failure and very inspirational.

« Prev Page of 2

Post Reply

Keep the Community Clean!

StartupNation forums should be used as a platform to learn, educate others, share stories, tips & tricks and to provide constructive feedback.
Please do not use the Forums for advertising & blatant self-promotion.
Please be respectful to other members and refrain from personal attacks and vulgar language.
StartupNation reserves the right to delete any message, reply, and/or member who violates our terms of use.

Read full terms of use

Contact Us Privacy Terms of Use Become a Marketplace Provider Advertise Local Guides Site Map Home Business Start a Business

Business Forum

Forums: Discussions for entrepreneurs and small business.

Entrepreneurial success - What is it?

Keep the Community Clean!