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How many false starts did they have? A musician in a successful band might've tried several band combos before finding one that 'hit it big', and many entrepren
by wcarss 16y ago
How many false starts did they have? A musician in a successful band might've tried several band combos before finding one that 'hit it big', and many entrepreneurs (I suspect) try a lot of ideas or founding groups before finding one that they stick to and succeeds. I'm curious about how many false starts most successful entrepreneurs have, and what sort of things caused them to identify "this won't work" and in contrast, what kept them on their now-working idea.
- ohashi 16y agoSo basically addressing the issue of The Dip (to use Seth Godin's words)?
- wcarss 16y agoI suppose that's an apt generalization. As I understand the dip, it is figuring when a difficulty is conquerable and not going to kill you, then conquering it. If it's not conquerable, then it is more than the dip. This is related closely for certain - my thesis is that most entrepreneurs quit several times in a row before seeing a dip for what it is, and my question is "what changed?" - specifically, did they find a better team, have a better idea, have a better market position, a better personal financial position, or just more stubbornness? edit: reviewing the book's synopsis (it's been a little while since I glanced at it), I was incorrect - it is exactly the recognition of dip vs cul-de-sac, etc. I want to hear about people's failures and successes at recognizing these. What might be of interesting statistical note is who among them had read Godin's book :P
- ohashi 16y ago:) I just started reading his newest book Linchpin, he is a fantastic writer. I am always curious what people are reading as well.