How the Best Entrepreneurial Minds Turn Failure into Success
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f there’s one word we can all associate with entrepreneurship, it’s “risk”. Risk implies the chance at either success or failure, and every entrepreneur experiences both of them to some degree or another. While successes are always the desired goal, failures are inevitable. What is it then, that keeps entrepreneurial masterminds going despite facing failures, while a beginner in the field is struggling to make the most of their failures. There are several factors to consider of course… one group of them can be sheer determination and drive for success. In addition to that, we’ll suggest what sets various groups of entrepreneurs apart, and how you can possibly develop those traits to help you turn your failures into successes.
It’s a marathon, not a sprint Think about any famously successful entrepreneur… they’ve probably been in the business for a long 12 DAZZLE
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time, even before they were well-known and wealthy. Admittedly some are lucky enough to be born into fortune, but the overwhelming majority have had to work their way to the top. What can you learn from this? Patience is key. You’ve heard it before, “success doesn’t come overnight” and that’s because it’s true. The successful ones understand that entrepreneurship is for those who are in it for the long haul. One thing you’d do well to avoid in this marathon is complacency.
An innovative drive “Innovation…” a hotword found in many quotes you’ve probably heard before. We are all susceptible to becoming complacent after ample time in an endeavour… which is why innovation is necessary. To innovate (according to Oxford Languages) is to “make changes in something established, especially by introducing new methods, ideas, or products.”. Simple enough, right? But it takes tons of thought
