Thomas Edison, one of the great designers and thinkers in human history, famously noted that he had “never failed, but just found 10,000 ways that won’t work.”
Great entrepreneurs failed countless numbers of time before they rise to the top, they believe failure is the best way to learn. When you are succeeding at the start, you must be afraid of future challenges. Reference to NASA, when the Challenger disaster happened after 24 successful space flights, which led to overconfidence. “In their own minds,” physicist Richard Feynman reflected, “They could do no wrong.” When you are winning, you feel too relaxed to think about some other ways you can achieve success.
If failure is a disease, great entrepreneurs in history like Thomas Edison would have never succeeded in being a great designer in human history, not even Uber, after Travis Kalanick’s first startup declared bankruptcy, despite this challenges, Uber still managed to be one of the most successful startups in the world, with Travis Kalanicks net worth of over 5.5 billion USD. Great Steve Jobs flopped with the Apple Lisa and got forced out of his own company before making his triumphant return — and even after the iPod succeeded, he made a bad bet on the Segway personal transporter. Also, Oprah Winfrey was fired from her first job as an anchor. Folorunsho Alakija initial foray into the industry was to broaden the transaction for a client who wished to lift crude but this failed, now she is one of the richest black women in the world because she embraces failure and moves forward.
Your perseverance and ability to embrace failure as an entrepreneur will determine your success, failure isn’t the end of the journey for a brave entrepreneur.
Kamaldeen Yusuf Kehinde is a community organizer at Kwarabuild, a community of tech builders who are passionate about developing their ecosystem.