Have you recently struck out on your own and decided to further your entrepreneurial pursuits? If so, read on to learn some tips and tricks that can aid and guide your future life in business.
Embrace Failure
This may be a hard concept for many new entrepreneurs to swallow, but it needs to be stated clearly:
You will fail. Often.
The idea is that failure shouldn’t be a debilitating circumstance or “proof” of your inability to foresee obstacles. Instead, embracing failure makes you more capable of dealing with bigger problems and the capacity of your business to handle missteps in the future. IBM’s highly-successful 2nd president, Thomas Watson Jr., took this concept even further with his quote: “If you want to increase your success rate, you need to double your failure rate.”
In fact, you should be worried if everything is going too well. The reason is that there may be error on the horizon that may be in your entrepreneurial blind-spots. Continue reading “Tips and Tricks for New Entrepreneurs”
