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What lessons have you learned from each failure? How can you take your experience forward into your next opportunity? Failure is the default state of new busin
by HillRat 7y ago
What lessons have you learned from each failure? How can you take your experience forward into your next opportunity?
Failure is the default state of new businesses. The key question is if you’ve learned enough each step of the way to reduce the scope of your next effort — in other words, it’s fine to fail, just don’t fail the same way again.
You’re only 30 — you’re incredibly young, and you’ve got decades of career path ahead. One thing that I’ll note is that the myth of the twentysomething startup genius is mostly just a myth, high-profile examples notwithstanding. Most successful businesses are the result of a lot of experience in a specific area, which opens the door to finding problems that need to be solved. In other words, there’s nothing wrong with spending time in the corporate world with the intent of finding new business opportunities; it’s not like your entrepreneur card is going to get revoked if you go back to industry.