Failure is Opportunity

Life as an entrepreneur is not as glamorous as many might perceive it to be. For one to be an entrepreneur, there needs to be a certain level of failure one can withstand. Entrepreneurship is all about the failure, the risk, the chance of pouring your soul into something, only for it to fall apart. There’s a reason why entrepreneurs become so successful – they see failure as opportunity.

Take a look at any of the big entrepreneurs of today. Looking at Mark Zuckerberg and Bill Gates, they all had something in common: both encountered an incredible amount of negativity and obstacles along their path to success. They had to work through tough times and recover from incredible losses. Mark Zuckerberg, as portrayed in the film “The Social Network”, ends up being sued by his three founding partners. From those troubles, Zuckerberg emerged positive, and pushed through the tribulations. Now, not only is Facebook one of the most popular websites on the face of this planet, but Mark has joined a movement called – an initiative to bring technology and the internet to people around the world. Out of his failure in losing all the founding partners from Facebook, spending countless hours working out the settlements, and most likely to the point of emotional duress, he came out strong.

Bill Gates is another icon not many know to have failed. When Bill first started out with Microsoft, Apple was already making much more progress than he. But Apple valued the technology Bill was developing, so much so that Steve Jobs hired him to work alongside Apple. But when Steve found Apple at a point of superiority, Bill was seen as expendable. So Steve Jobs called up Bill Gates in the middle of a keynote and subsequently fired him. Imagine being fired in front of an audience full of peers whom respected you? I’d feel absolutely horrible.

Nonetheless, Bill Gates rose from his failure and seized the opportunity to show the world what he was truly made of – which, if you looked him up today is approximately $81 billion, far more than Steve Jobs ever had. Not to mention that Bill has given over $24 billion of his own money to fight malaria and other predicaments over in Africa.

The point of all this is that from failure, you can always find opportunity. One can always find a way to rise, rebuild and recover.

I hope you enjoyed this insightful post regarding my entrepreneurial philosophy. If you enjoyed it, consider subscribing to my mailing list – I send out just one email per week (usually Friday mornings) and it contains a bountiful amount of valuable content I don’t normally share with non-subscribers.

I wish you the best in all of your ventures.