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You will fail, especially if it's your first time. Many of the most successful entrepreneurs in the world failed 6-7 times before they figured it out. The best
by suhail 18y ago
You will fail, especially if it's your first time. Many of the most successful entrepreneurs in the world failed 6-7 times before they figured it out.
The best thing about failing is learning why you failed. If you're afraid of failing, you should give up now because you're not cut out for this thing.
Depending where you are in life, you'll need to assess your risk. It's going to be hard if you have a wife and kids.
- smoody 18y agoI didn't fail my first time. And you're not guaranteed to fail by any means so please don't let anyone convince you of that. I have never recommended a Paul Graham essay on this site (something that I'll never be able to claim again), but I highly recommend you read this one: "How Not to Die" (August 2007) http://www.paulgraham.com/die.html http://www.paulgraham.com/die.html
- suhail 18y agoheh, "failing" is subjective and is dependent on certain variables (e.g. connections, capital, experience, etc) If he plans on becoming a multi-million dollar company and this is his first time, then I would say, yes he will fail and that's not a bad thing. You have to work at it a few times before it works out. Sure you can get lucky but I am trying to be a bit more pragmatic.
- swombat 18y agoYep, you will fail - but it won't be wasted time. Even if you go back to the corporate world, any manager with two brain cells will think you're more interesting because you went out and started your own company - whether or not it succeed. It's like a mini-MBA. Also, it will forever resolve that interview question "Describe a time when you showed initiative."