Sharing failure/mistakes for learning

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by a searcher from INSEAD
in Singapore

3yrs ago

Sharing failure/mistakes for learning

Anyone have any useful experiences on mistakes/regrets to share from their search journey?

Taking a page from failcon - failures are best way to learn.

(Meanwhile hope all comments generated from this are kept as supportive/considerate as possible for anyone who is generous enough to share their experiences)

Many thanks in advance!

1 Like

72 Views

reply by a professional 3yrs ago
from Villanova University in West Chester, PA, USA

As an entrepreneur, I have so many "fails". I probably fail 98.9% of the time. Not every day is easy, and I don't always feel motivated. I don't really consider them failures, but more the micro-adjustments like a pilot makes to adjust their course. Entrepreneurship endeavors are all about trying, adjusting, trying, adjusting. I opened a coworking and event space two months before covid hit, and all our forward momentum was demolished in a four month shut down. I really believe in giving yourself enough runway to fail over and over and over again. Build systems around yourself, build the worst downside imaginable into your financials, and still give yourself more room to fail. It's not a question of whether there will be storms; it's a matter of how well prepared you are to weather them.

reply by a searcher 3yrs ago
from The University of Texas at Austin in Melbourne VIC, Australia

Build momentum: Once the deal is underway, build momentum by maintaining a steady pace and keeping up the momentum. This will help prevent delays and ensure that the deal moves forward.