If a person new to entrepreneur is exploited/taken advantage of in his first venture, is that good?
Posted by admin on Sep 21, 2008 in Other - Business Finance |
jl asked:
You may over simplify your answer…
You may over simplify your answer…
My answer is yes. It’s better to learn these lessons early with $2k projects than multi-million dollar projects. The ones not suitable to be entrepreneurs will realize this early, and move on to something else. The ones who stick with it will have learned valuable lessons.
MMA Shorts - UFC Gloves - Boxing Gear
If you get burned by somebody over $2,000 that is a small fry that burned you. As you deal with multi million dollar projects, you will be dealing with multi million dollar con artists who are much smarter than the first little fish who burned you so they may outsmart you again and burn you even worse.
You don’t need to be punched in the face to know that you need to learn how to box. You should be able to learn most things second hand without the need for failure.
Truth be told, I like getting my ass kicked because it makes me angry, motivated and focused. If I look back on the couple of moments of success I’ve been lucky enough to have in my life, they all seem to come after a good ass-kicking.
The darkest hour is–in fact–right before the dawn.
Taken from. Jason Calacanis is CEO of Mahalo.com. Previously the co-founder of Weblogs, Inc. with Brian Alvey, and the GM of Netscape.
This type of mentality, and willingness to be daring and make mistakes is typical of entrepreneurs. When a person jumps from one discipline to another (eg. Software Development to Entrepreneur), they’re likely to make newbie mistakes. Some immediately return to being a senior architect for companies, others get their ass kicked a few more times before returning to being a senior architect, and then finally, there are those who succeed.
honestly, if you have the choice to do business, and you’re exploited time and time again, then you’re likely to move onto something else. Not many people are dumb enough to stay being a loser.
i don’t think the first venture is that big a deal… at this point in life it’s more important to gain experience than anything else. of course it’s ideal if u can get experience AND make $$ at the same time
but as long as u get valuable experience out of your venture, so what if u get exploited ONCE… it will serve as a painful and effective reminder for you not to get ripped off again the future