If you’re beginning to consider being a startup entrepreneur, you’ve often hear that 70-80% of the start ups fail in the first year and the next large bunch fail in year two so that most fail within their five years. At least, that’s what we all hear. But what is really behind these numbers.
Let’s take John C. Maxwell’s book “Failing Forward” and see where these first numbers come to. When he asked a number of millionaires how many times did it take for them to become successful the average number of failures was around five!!
So that means that while most small businesses fail, the business owners keep on trying and moving forward!!!
So, it’s not the failure that is the issue, but how you look at the failure. Do you:
Dwell on your failure and keep harking back to your failure?
Deal with the failure by learning from your mistakes and moving on?
Deny your failure and blame everyone else for your string of bad luck?
If you are in the middle of the road camp and deal with it, then you’re not a failure.
Keep on pressing on.
- Lessons we learn from failure. (3dimensionallife.wordpress.com)
- Adventures in Failure (thedenveregotist.com)
- Among Six Types Of Failure, Only A Few Help You Innovate (bjconquest.com)