3 ms·
"Slightly more risk adverse" is a vast understatement, and goes hand in hand with the culture problem. The near permanent branding of anyone who has failed in
by MetaCosm 13y ago
"Slightly more risk adverse" is a vast understatement, and goes hand in hand with the culture problem. The near permanent branding of anyone who has failed in a business venture is horrifying from an American perspective. A lot of American business success stories had failed businesses in their past.
Beyond that, another major bullet point is:
* Ease of firing (inability to fire creates an inability to hire, you get trapped with terrible employees)
- kintamanimatt 13y agoCouldn't agree more regarding the attitude towards failure! There's little acceptance of the idea that failure is a learning experience and multiple attempts are required to be successful. But, I think culturally it's improving, slowly. Tell someone you're an entrepreneur and working on a startup however, and it's a strange stifled reaction that's usually encountered. Firing someone isn't as difficult as you'd imagine. There are a few more hoops, but at least in the UK it's not really all that difficult and it's not like you're permanently stuck with a bad employee. Plus, this is why trial periods exist!