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Showing posts with the label failure

Why most entrepreneurs fail?

"I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed." – Michael Jordan Entrepreneurship  is very hard! It takes a lot of things to succeed.  Tarang Shah wrote an amazing first-hand resource  book  for technology entrepreneurs that addresses three critical questions: 1. Why do most startups and entrepreneurs fail, and what you can learn from these failures? 2. Why do few entrepreneurs succeed, and what is their secret sauce? 3. What do startups need to get funded, and what are VCs looking from startups? Rather than present anecdotal study or sharing grapevine stories, Tarang went straight to the source: interviewing best venture capitalists that evaluate, fund and mentor these start-ups (many of whom have been entrepreneurs themselves), and founders of today's hot technology start-ups who are leadi...

Don't Be An Entrepreneur (Unless You Are Crazy)

Are you thinking of leaving your corporate life and becoming an entrepreneur? Before you quit your day job that actually pays and start day dreaming, think of whether you fit the entrepreneurship mold... “I have not failed. I’ve just found 10,000 ways that won’t work.” - Thomas Edison Here is what could be in store for you: 1. Long, thankless days of hard work  (sure you are building something of great value, but don't expect to hear "Thank You" from anyone until they use your products and services and even then...) 2. Upfront and ongoing investment of money and resources  (what, you thought you don't need to invest your hard-earned money to start something. Welcome to the real world!) 3. Bank loans and growing debt that could ruin you financially  (enough said, watch out! you may have to tell your creditors to wait and wait and wait... until they get antsy) 4. Hard Truth that No one wants to invest in your company  (angel investors think you don't have the best ...