Also read: 12 steps to starting a business
News reports have experts predicting that 8 out of every 10 startups will end in failure. Was it something unknown? No. Not every entrepreneur will taste success and we all underst and that. Why then feel disheartened with the sinking amount of funds flowing from investors to startup ventures or with reports of layoffs in companies?
It all starts when an idea clicks your mind and then it is out of your controlling h ands when launched in the market to be used and rated by customers. The story and your part ends, it is now that you will learn about the success or failure of your vision. Why stop trying then?
Behind the captivating world of tech entrepreneurs and their ranking among the world’s richest persons is the struggle they have put in to taste that glory. Many ideas, indeed, do not take off and fail to bring the creator her share of victory. Does that point toward a collective failure of the startup community? Not at all; the failed ones are as visionary as the ones who attain feat.
Are failures end of the story?
Today’s is a world that is harsh and allows minimum chances. True, but what’s the actual count of these chances is still a puzzle for so-called forecasters and researchers.
And an added advantage of today’s digital revolution is that you do not end up losing it all with the failure of one of your ideas. After all, there wasn’t a brick and mortar structure or a plant and machinery set up that has burdened you with debt, and has snatched away all possibilities of further risks.
Also read: Running Your Startup Venture
The positive is that in this era of mobile apps and website-styled businesses, you can make the ‘try and try until you achieve’ phrase true. Ask your mind to free itself of the idea that did not perform well, ask it to come up with more, tell it to pump up.
Believe us, failures are a part, they aren’t an end to any story, you will shine one day!
