Posted by: Laura Meyer
Failure is more important than Success
Every successful entrepreneur has failed, pivoted ideas, and struggled. We grow up being taught that if you fail at something it should bring shame. Having failed a few exams in my academic career I can attest that it was the exams that I failed and revisited that I took the most from. It is through failure that lessons are learned, but also the ability to overcome fear. The fear of failure is a common phenomenon. You have to find the ability to accept failure to bring success. It is a crazy oxymoron, but sometimes learning the hard way is the best way.
Monetary Value isn’t everything
Money is very practical. Having the ability to pay rent, buy food, and afford a comfortable lifestyle are all great things. They can also be difficult when you live in NYC. The backwards logic is that to make money, at some point you are going to lose money. It could be from a bad investment or your first failed company. I recently learned that a smart Angel investor will go into investments with the mentality that if they invest $25K into 10 different companies, they will most likely lose on 9 of the 10 investments. Value the learning experiences, It will have a better ROI.
Loving a Job
There is no denying the word job has a negative connotation. It sounds like a task or chore. The sad truth is most people hate their job, but appreciate the lifestyle it provides. When you think that a majority of your life is spent at work, it makes zero sense to have a position that makes you miserable. I have met many entrepreneurs that started out in other industries and transitioned to startup for a lesser salary, but a better quality of life. Having a personal goal is good, but having an entrepreneurial goal of solving real problems that adds value others is great!