Failure and success – the two most discussed topics among entrepreneurs, who are courageous enough to risk everything on their way to pursuing their dreams and building businesses from scratch. On one hand, success is difficult to define because the different people tend to value their achievements differently. On the other hand, failure is often even romanticized from entrepreneurs, who believe that it is a great way to become better entrepreneur and see it as an inevitable part of success.
To get another perspective on the subject, here we will present to our readers one very interesting TED Talk by the successful serial entrepreneur Sam Zietz, in which he shares his five principles of success and talks about the way to minimize the likelihoods of failure for any entrepreneurial venture.
The principles that Sam Zietz presents are as follows:
- Top talent – the key is to hire the smartest people you can possibly find.
- Putting people in the right position – discover not only your own superpower, but the superpower of each and every one of your startup employees.
- Experience – become the best through constant practice.
- Apply entrepreneurial culture to the organization.
- Laser focus.
What do you think about failure – is it inevitable part of becoming successful entrepreneur? Feel free to share your opinion or personal experience with success and failure in the comment section below.
