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It's Better to Fail Quickly

Written by: Brad Feld

Article Overview: Mitchell Ashley has an excellent post up titled Fail Early, Fail Often. I'm seeing a little more chatter about failure, introspection about how it feels, and suggestions about how to turn it into a positive (or at least effective) experience making the rounds.

It's Better to Fail Quickly

Mitchell Ashley has an excellent post up titled Fail Early, Fail Often. I'm seeing a little more chatter about failure, introspection about how it feels, and suggestions about how to turn it into a positive (or at least effective) experience making the rounds.

As someone who has experienced a lot of success and failure, I'm glad to see more people talking about failure in the blogosphere. It's a key part of the entrepreneurial experience. It's also an integral part of life that cannot be denied. While it's a lot more fun to succeed, it's important to understand how to deal with failure.

Read this post in Brad's blog.

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Article Tags: ashley, blog, blogosphere, entrepreneurial experience, introspection, success and failure



Related Forum Posts
Re: 10 Reasons Who Startups Fail & Book Recommendations - Great post,but please edit the headline. I presume it is "10 Reasons Why Startups Fail & Book Recommendation
Re: What inspires you? - Another inspiring thing is which I really likes "Most People Fail because, their dreams are small". Most people like to engage with something or teh other. If they can truly listen to their inner voice and work towards achieving it, then you can see "miracle in action". So, big changes happen, when you think BIG. If you cannot to think BIG, you cannot do BIG things too. Robert
Re: Video conference system for families living in different cou - 1) How much will someone pay for the service? 2.1) What costs are involved on the business end? 2.2) What percent on top of that do you think you deserve as profit? 3) How many people will sign up for the service? These three will give you a rough estimate of the value of your idea. use the equation below with respect to the questions above to figure out the value of your idea. ((1 - (2.1 + 2.2)) X 3) You have alread identified major problems for your idea -- you have competition that is free! Computers are easy to hook to televisions, and it is becoming easier at very fast rate. (For free stuff other than skype, look up NetMeeting if you have Windows XP.) The video conferencing systems do a poor job of creating the feel of a physical presence. Even high dollar systems with dedicated internet bandwidth and extremely nice tracking video cameras do a poor job, especially for long distance runs. I have the experienced the disappointing performance of some of these systems on our campus. Video can not recreate the connection felt when in the same room with another person. Step 1, Quickly and roughly calculate the cost of the system you propose. Step 2, Compare that with what you think someone will pay and the cost of your current compeition. Step 3, Go / No-Go.
Books for Women Entrepreneurs - There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here. It doesn't matter how successful you are in your business - it's always possible to learn something new. In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment! 1. The Old Girl's Network 2. Mother's Work 3. The 7 Greatest Truths About Successful Women 4. Pitch Like A Girl 5. Workplace Warrior 6. Treasure Hunt: Inside the Mind of the Modern Consumer 7. Contingency Planning & Disaster Recovery 8. She Wins, You Win 9. Napoleon On Project Management 10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do 11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years 12. The One Minute Millionaire 13. Talking From 9 to 5 14. Soloing: Realizing Your Life's Ambitions 15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success 16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded 17. Fail-Proof Your Business: Beat the Odds and be Successful 18. Confidence: How Winning Streaks and Losing Streaks Begin and End 19. Women Don't Ask: Negotiation and the Gender Divide 20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen 21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business 22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker 23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business 24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises 25. Net Ready: Strategies for Success in the E-conomy 26. The Promotable Woman 27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it 28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home 29. Secrets of Six-Figure Women


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