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College Entrepreneur 2012
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College Entrepreneur of 2011 - Gabrielle Palermo
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I’ve been wanting to start a project for a while, but always hold back because there seems to be so much to do and I’m afraid of failure. You mentioned that we shouldn’t try to do everything alone. What do you find is the best way to approach people (either strangers or friends with similar interests) about your ideas?
While I was a bit disappointed to see this article was tailored to online business, I think this is a very important topic that many people would simply prefer to ignore. As a matter of fact, I am of the opinion that the ability to bounce back and try again is what seperates the true entrepreneurs from the wannabe’s.
My husband and I have had a spectacular failed attempt which has resulted in four years of legal battles. Noone starts a business expecting it to all end up in a courtroom, but it is something that should be considered, especially if you are dealing with a unique intellectual property.
If you would like to learn from our mistakes, I blog all about it at http://heresagem.blogspot.com/
I thought the topic of “learning from failed attempts” in this article was especially important. It is important to evaluate what lead to failure, and accept responsiblility rather than displace blame. What could you have done better? Realizing this will only lead to a better chance of success next time around.
Also, the topic of keeping an open mind is key. It is crucial to recognize new opportunities and allow your company, and your goals, to evolve. I believe a lot of companies fail because the owner refuses to recognize that his dream may not materialize exactly as he envisioned it.
If we don’t grow and learn from our mistakes, we are bound to either never try again, or repeat them over and over.
Sometimes I want to pack it in but is a voice telling me that I can and shall reach my goals. It’s a challenge to bounce back from setbacks but it can be done.
Directly. Be clear about what you want. If they don’t respond well to this strategy, they probably aren’t people you want to be in business with anyway.
Great post, accompanied by many encouraging comments! Well done!