Comments on: Entrepreneurs: Plan to Fail. Fail Early. Fail responsibly. (Part 3)

By: Miccheng

Miccheng — Sun, 18 Nov 2007 08:30:14 +0000

@suyuen: Yeah… failing is really a state of mine. It can get quite hard to overcome the stigma of failing. I guess all entrepreneurs are born stubborn creatures - the more u say no, the more we’ll want to do it.

A period of lull to gather your thoughts and rethink your strategy is actually a good thing. As Socrates once said: “An unexamined life is not worth living”. Re-examine your priorities, rediscover what’s important to you, rekindle the passion in your mission in life - and move onward and upwards.

By: Su Yuen

Su Yuen — Sat, 03 Nov 2007 13:06:03 +0000

I guess the hardest part is knowing how to get up after failing. Usually when people fail, they go into a very emotional and “under the weather” period which may drag on for many months (sometimes years). The challenge would be to overcome that fear to try again.

By: winston

winston — Wed, 17 Oct 2007 09:20:28 +0000

Ah hi miccheng, guess who?

Agree with your post,anyway life is a learning process so we are here to fall and learn. Not everyone has to learn Maths the whole day

Great post!

By: Miccheng

Miccheng — Fri, 05 Oct 2007 15:27:49 +0000

eugene: Ha ha… we certainly did.

arzhou: Thanks for the advice dude… will consider it carefully.

By: arzhou (adrian)

arzhou (adrian) — Fri, 05 Oct 2007 09:33:48 +0000

Another good read. I really gotta start compiling all the advice you, cobaltpaladin, TUW have dish out over all this time

By: pRoToCoL

pRoToCoL — Fri, 05 Oct 2007 06:40:13 +0000

Haha mike another good article, i think i ought to recommend you to go take your mba, i think u will do well!

Failure is good, however it is a hard way to learn, i usually find taking the path of least resistance would be the most appropriate way. learn from other people’s experience and find your own group of mentors and counsels and stick to their people, dun disappoint them and dun let other people affect your view point.

Entrepreneurship is like tunnel vision, the only thing you should be seeing is your success, if u see if often enough you will begin to believe it and when you believe it that half the journey won already. remember the most difficult obstacle is yourself.

there is a reason why the most commanding and successful people throughout history were megalomaniacs with huge egos, like genghis Khan or Hitler or even winston churchill.

remember history is written by the victors and no one in the world has time for a loser.

harsh lesson but its a harsh world.

Entrepreneurship is lonely, demanding and definately not a easy career path. The rewards are high but the risks are equal if not higher

i always encounter people who give up the minute things go bad, and then they blame everyone but themselves.

well u are partially right, as an entrepreneur you will suffer failure, small little failures, but if u let em accumulate then its becomes a big blunder, i believe its more of perserverence and not letting the small failures get to you, always keeping the big picture in mind.

and as per yours and my experience, make sure your paperwork is always in place! we sure learnt that the hard way!

cheers
Eugene