Every prospective business man and woman wrestles with the big question: what makes a great entrepreneur? Of course, having a good work ethic and a keen sense of what consumers want is vital to success in the business world. But there is something else – a key ingredient, so to speak – which distinguishes the real big winners from the runner ups. Contradictorily enough, that key ingredient is the willingness to fail over and over again until you get it right.
Take the stories of these three entrepreneurs, for example. You probably recognize their names. They’re not just successful business owners – they are veritable titans in their field. However, they were once struggling entrepreneurs themselves. It is only through great persistence that they were able to get to where they are today. We hope you gain inspiration from their stories and learn why failure should never stop you from accomplishing your greatest goals.
Believe it or not, Huffington was once a struggling writer long before she created the now-ubiquitous online news source Huffington Post. In multiple attempts to get her second book published, Huffington was rejected 36 separate times by the same amount of publishers before it was eventually accepted. She went on to cement her name as one of the most well-known in the news industry.
Now one of the wealthiest individuals in the world, Bill Gates started out, not with a bang, but with a dud when he and his associates in a company called Traf-O-Data released a barely functional traffic analytics program. As was expected, it was a complete disaster. But Bill didn’t give up. A few years later, he released the first Microsoft product, forging the beginnings of a path to an empire in the computer industry.
Way before he established the most recognizable chocolate brand in the world, Milton Hershey seemed to have no luck at all. After being fired from an apprenticeship with a printer, Hershey made three separate attempts at starting a candy-related business, but failed each and every time. At the end of his rope, Hershey made one final attempt to fulfill his vision of bringing chocolate to the masses and founded the Lancaster Caramel Company, which eventually became the Hershey Company. The rest, they say, is history.
There is certainly a virtue to persistence and failure, but they are absolutely useless without guidance and wisdom. No one should be afraid to make mistakes, but everyone should remember to learn from their mistakes and to seek guidance when necessary.
At the Internicola Law Firm, P.C., we don’t just help entrepreneurs tackle all the paperwork and legalities involved in setting up or purchasing a franchise; we also provide sound business advice and act as surrogate partners because we truly wish for our clients to find success. To schedule a consultation with one of our dedicated attorneys, call (800) 976-4904. Our committed support staff is on standby.
Category: Business Transactions
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