Even ‘failure’ is valuable, because it’s a learning experience. Many of the most famous entrepreneurs in the world didn’t even make it on their first go. They tried many things, before they eventually got to that which made them wealthy business men.

That said, assuming that the 10% which succeed do so because their plans had *no* flaws is probably just as ridiculous. That 10% is more likely to be people who have failed before and learned their lessons the hard way, or who are quick learners that rapidly gain perspective and adjust to the realities they didn’t anticipate.

It’s also a mistake to assume that the 90% that fail were a waste of time. Only if a small business creates a large debt that follows the entrepreneur, or destroys a friendship or family relationship while it fails, is an entrepreneur likely to truly regret their attempt. The rest learn a great deal and move on, whether to another start-up or to something more traditional. People with business experience and an entrepreneurial spirit make the BEST EMPLOYEES EVER. They understand the realities faced by their employer, they know what it means to be fully responsible for something, and they are intrinsically motivated to create value. That’s hard to beat with mere experience in most positions.

Great article! Whenever we wanted to start something that normal people wouldn’t even think of doing, they always try to bring us down with their words. The best thing to do is to ignore them and always believe in our own capability. Thanks for the article and consider it stumbled.

Cheers
Vincent
Personal Development Blogger