Why Leo Babauta's advice on following the entrepreneurial path of not knowing is wrong. For example, if you are planning to start your own business, you need to be prepared to control outcomes – to be willing to move heaven and earth to control outcomes. Entrepreneurs are, above all, people who seek to control outcomes. Entrepreneurs have a vision for their business’s success. They have goals to get to that vision...
How to Fail as an Entrepreneur
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Squawk Media under Startups
From http://therestofyourlife.com 3980 days ago
Made Hot by: problogger78 on May 28, 2013 5:44 pm
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3978 days ago
Ti
3979 days ago
3980 days ago
3980 days ago
Thanks for the insight. I enjoyed reading your post via the BizSugar community. One observation I'd make about Leo's points here. I agree it's probably a bit extreme to suggest that failure is OK. However, I can understand that entrepreneurs may sometimes be unable to see or to understand the best outcome of their business models. We've all heard the stories of entrepreneurs who go into a business only to discover its the wrong one. They realize the product they're trying to market would be better as a service. They realize the target market they're aiming at is all wrong. Somebody totally different likes their product. It can be inconvenient when a business doesn't translate smoothly from plan to reality, but the best entrepreneurs can adapt. Thanks again for sharing!