Skip to main content

Why most Entrepreneurs Fail?

Being an Entrepreneur and having walked that path (and still walking), I have come to realize why most Entpreneurs fail. Or in other words what is the life cycle of an Entrepreneurs? And when do most drop-off happen.
First Phase
You start with a complete ignorance towards your surrounding. The only think you have is an IDEA which you love more than your life. This ignorance slowly starts to come between you and the opportunity.

As a result: This experience will either tarnish entrepreneur's faith and hope, or he/she will rise above it and be enlightened.
Second Phase
If you find yourself in the second phase than it means that you have surpassed the First Phase. Now you are more open to other ideas and open to more opportunities. In a way, you feel that you have identified the truth behind running successful business. But as you move confidently, you come across another aspect of entrepreneurship, self-doubt. While moving confidently, you tend to realize that there is something which you have left out in a race to grab opportunities, to increase your revenue and valuation. This will make you disheartened. You feel you have failed yourself.

As a result: This experience will either tarnish entrepreneur's faith and hope, or he/she will rise above it and be enlightened.
(Most interesting fact of entrepreneurship is that in every phase, you come across an opportunity to be enlightened and gain strength.)

Third Phase
You see, an entrepreneurs always has to fight between his doubts because there is no other way he can guide himself along the way to success. It is this balance and struggle between the self-doubt and realization that entrepreneurs learns to trust and make decisions.

At this stage there are two things going inside an entrepreneurs' mind. Is this the right way? Am I on the right track? I don't see any signs?? But then with all the energy and hope, you wait and then you finally see the light at the tunnel of the darkness. "Yes, I knew it was the right path", you will console your heart half satisfied and half stressed out. Mind you that, at this point our entrepreneur is fully exhausted, if he is not than he has been ignoring everything that has been happening around. Learning is a method which stresses our brain to come to a conclusion. The state from confusion to conclusion is a pretty frustrating process because your mind cannot make head or tail of the situation.

You realize the dilemma of chasing an opportunity versus chasing your vision. You understand, it needs to be balanced and balanced in a right way. You take control of the situation and turn it around.

So what is the next phase now?? Well when you are on your foot and you have gone through the experience of life time. You certainly tend to gain your ignorance back. So you do gain your ignorance back and walk confidently again. The cycle repeats.

I find that entrepreneurs move in this cycle where he/she is continuously confronted with complicated situation personally and professionally. It is the overcoming of these hurdles which would teach an entrepreneurs to succeed.

Failure is more of giving up than not being able to attain anything. So in which stage do I think I am in ? Well, there are micro stages of this cycle which have repeated more than 2/3 times. So I would say I am still in the cycle holding myself. Is there an end to it? I don't think so. The speed of the cycle may slow down, but I think the motion will not cease. It will continue in one or the other form. 

Comments

Popular posts from this blog

Good Ad Versus Bad Ad

At InRev, for past few days we have been working on our new project. The project is about collaborative blogging, from the blogger around the world. As Bhupendra and I have been blogging for long time, with his immense experience, our team has been working to revamp the globalthoughtzand create a new blogging experience. In this site, we are planning to add a section where people can add their advertisement. We thought lets start by our own :), with already so many products on the line, it was obvious.

So there goes an effort to create a small 128 px by 128 px logo. If you are a designer, you know that designing is a very time consuming process. For hours, you just test around with colors. Remember there are 256X 256X 256combination of colors!! Its hard job selecting one.
Lets start with F-Cube: In short F-cube is a Free Economic Reporting Site. Let me exhibit some Ad made for it and its pros and cons. (Please don't click on the image. Wait till the end. Thank You)
OK, how does thi…

Selling a Comb to a Bald Person?

Here my friend, Ashay, put it very truly to me that the marketer's most challenge is to sell a comb to a bald. First, I am not trying to justify anything here. But I just couldn't help thinking how on earth am I going to sell a comb to a bald. How? Just how? I kept pondering upon it till late night. I actually had very few options with me, the first was obviously to use Google and Find? :)

But, I didn't do that. Some how I was still in confusion. Then just before going to sleep, I had an discussion with my other friend, on types of marketing on issues related to customer centric marketing. Hmm. Then some how it hit me. I went back to basic on my own philosophy, sell things that is needed. So here is a small anecdote I prepared :
Sale Person: Hello sir. How are you? Do you have a time, plzzz?
Bald Person: (Almost confused and in social causality) OK OK what is it? I don't have time.
Sale Person: Here sir, do you want to by a comb? 
Bald Person : Can't you see I am bald? …

Waiting for the right bus

Everyday, after college I would walk home with my friends. Wandering around and talking about future. What will we do? How will we be? How much will we change? Ideas! Ambitions! Life!!!

Everything always tumbled down to a cup of tea at a near by shop, where we were regular visitors. A sip of tea and bunch of thought provoking questions and contradictions. All intelligent and weird minds searching for the answer to a common question - the meaning of life. Trying to find that right path towards salvation. Complete Consciousness!!

Now and then we would simply get lost within ourselves, in the midst of the crowd. Thoughts wandering far beyond the time frame. Everyone building their life on their own dimensions. Confident. Lost. But hopeful.

Like some lost sailors on a boat, every one of us would be looking at different directions hoping to see some signs of calling. But then we wouldn't find any. "What are we searching for ?", would be one damning question in every one'…