1) Tell us about a time this past semester that you failed -- The biggest fail of the semester is the fact that my exact idea was talked about in class by the guests speakers. I worked with this idea for weeks on weeks and look at that, it already exist! I figured it may, but didn't count on it being talked about in class.
2) Tell us what you learned from it. -- This failure showed me that you can have ideas and want to start a business, but someone may have beaten you to it. This doesn't mean stop or give up, it means make your business better. I know several things and have several ideas that will boost my business past the "FOMO" app that was talked about in class. We all have different looks, insights, and backgrounds that give us different ideas and concepts for our businesses. I have different things that can be done with this app that will put FOMO out of business ;)
3) Finally, talk about how this class has changed your perspective on failure -- are you more likely to take a risk now than you were just a few months ago? -- I used to hate failing and I think people are weak when they fail. This idea has changed to an extent, but that much. Failure is only possible if you give up. You may lose, be unsuccessful and much more, but if you don't give up, than you did not fail. My business has hit a road block, but I do not consider it failure just yet because I know I can improve the idea. Failure is only possible if you accept it, so although I may be a little nicer now, failure is a choice and you can prevent it, no matter how low you think you may be!
I think its really cool how you had a first-hand experience on how people think alike and whoever moves faster will win. It is a great lesson to learn now while we are still young. I also really like how you talked about persistence and never giving up. I agree that failure only truly happens when we let take over us and we end up quitting. As long as you keep trying, you are not failing, you are learning. This class definitely taught me the difference between those two.
ReplyDeleteThat's the attitude! Put them out of business, evolve or die. You had already come up with a different venture concept. That's also the importance of having multiple sources of income or different businesses, if one goes down the other can help keep you afloat.
ReplyDelete