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FailingBusiness Lesson: Fail Early

To put it simply, failing early means learning to let go when its time to. This is really more an emotional issue than anything else.

I am reminded of the “Serenity Prayer”:

“Lord, give me the serenity to accept the things i cannot change.
The strength to change the things i can.
And the wisdom to know the difference.”

The step of failing early (letting go) takes a lot more wisdom and emotional strength than what we humanly possess. Read the rest of this entry »

This post belongs to a series: "Entrepreneurs: Plan to Fail. Fail early. Fail responsibly."

  1. Entrepreneurs: Plan to Fail. Fail early. Fail responsibly. (Part 1)
  2. Entrepreneurs: Plan to Fail. Fail Early. Fail responsibly. (Part 2)
  3. Entrepreneurs: Plan to Fail. Fail Early. Fail responsibly. (Part 3)

Fail EarlySome might find this curiously paradoxical to what entrepreneurship is all about. Don’t we start businesses to profit from it and to make lots of money? Yes, profit and wealth are indeed desirable end-goals of starting-up. However, given that 9 out of 10 businesses fail within the first year, one would suspect “failing” to be a curiously frequent occurrence amongst entrepreneurs.

Most entrepreneurs know the sweetness of success - more so when all their previous start-ups had failed before. All too often, we celebrate the successes of spectacular entrepreneurs, ignoring the fact that they may have failed many more times before. Read the rest of this entry »

This post belongs to a series: "Entrepreneurs: Plan to Fail. Fail early. Fail responsibly."

  1. Entrepreneurs: Plan to Fail. Fail early. Fail responsibly. (Part 1)
  2. Entrepreneurs: Plan to Fail. Fail Early. Fail responsibly. (Part 2)
  3. Entrepreneurs: Plan to Fail. Fail Early. Fail responsibly. (Part 3)

Ha ha… here’s a few pics i took on my birthday on 4th Sept.

Birthday Pic

Me & Boss

And a goofy shot with SimplyJean.

Me & SimplyJean

When i was in Sec School, i had this huge crush on a girl in my class… let’s call her BQ. She’s a dancer with the Dance Society (i had a thing for dancers once)… and she was the monitor in class (i had a thing for women in authority too). Apparently my crush was so “loud” that my classmates all know about it ( i have a feeling she knew about it too).

BQ’s really sweet and all that… and probably that was why she had me under her “spell”. She’s not really pretty, just a “plain jane”. But when she puts on make-up, she’s a whole different person. :)

My pals often tease me about it, but somehow i never got to tell her about the feelings i had for her. I guess i was fearful of rejection… plus i had really low self-esteem back then (heh… still do to some extent, but my confidence is in Christ! Amen?). Read the rest of this entry »

When i was younger, maybe 5 or 6 years old, i had a very bad experience eating at KFC. It was so traumatic, that i didn’t eat KFC until primary school. Well, here’s what happened…

My aunt and cousins had come over for the weekend. Its one of those family gatherings that i look forward to as a kid. I always love visiting my cousin’s place or my maternal grandma’s house… we would just hang out with my cousins - we’d play games or i’ll just follow my cousin on errands (roadtrips - that’s another story altogether).

Anyways, this week was their turn to come over to my place. We were debating on what to eat for dinner. Grandma didn’t prepare dinner so we all decided to eat out.“How about KFC?”, suggested one of my cousins. Read the rest of this entry »

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