Entrepreneurship + The Failure Myth
Entrepreneurship – the Failure Myth
A life spent making mistakes is not only more honorable, but more useful, than a life spent doing nothing.
---George Bernard Shaw----
According to Global Entrepreneurial Monitor (GEM) fear of failure is the top reason given in Ireland and worldwide by aspiring entrepreneurs for not starting their own businesses.
NESTA – the National Endowment for Science, Technology and the Arts and the UK’s largest early stage investor in innovative and creative businesses – found that almost three quarters of people who said they had what they believed was a good business idea were not acting on it because they were afraid of not succeeding.
Ironically on further examination it is obvious that all would-be entrepreneurs are being paralyzed by something that doesn’t exist.
That’s right. Failure is a myth!
Entrepreneurial Development – Failure brings you Closer to Success!
Thomas Edison, inventor of the light bulb famously said “I have not failed. I’ve just found 10,000 ways that won’t work.”
It took James Dyson, the engineer who reinvented the vacuum cleaner, four and a half years and 5,127 prototypes to refine his design.
“Each failure taught me so much,” he said. “Success teaches you nothing. Failures teach you everything. Making mistakes is the most important thing you