Wang Xing, founder of Meituan: An entrepreneur fails only in two way- either running out of cash or giving up.
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Free registration at the forum removes this block.The cash part of your quote is interesting. Cash allows you either fail continuously or it allows you to try something else -- your Plan B, Plan C.. I know people who are 20 years into a business -- where they've done their first year 20 times and failed every time. They haven't had to change their MO because they've put in a cash infusion each year to cover their string of failures. Limited resources result in your second reason for failure. Either their business model was a bad idea or they ran out of resources.Wang Xing, founder of Meituan: An entrepreneur fails only in two way- either running out of cash or giving up.
Yes you are right.The cash part of your quote is interesting. Cash allows you either fail continuously or it allows you to try something else -- your Plan B, Plan C.. I know people who are 20 years into a business -- where they've done their first year 20 times and failed every time. They haven't had to change their MO because they've put in a cash infusion each year to cover their string of failures. Limited resources result in your second reason for failure. Either their business model was a bad idea or they ran out of resources.
Where you place your attention is where your energy goes.“Think lightly of yourself and deeply of the world” Miyamoto Musashi
This is actually a good analogy, because if someone stole $10 and I knew it could never happen again, I'd move on. But if I knew this was something where they could do it over and over again, I'd take action... which is probably a pretty good rule of thumb for time or money.Imagine this: If you had $86,400 in your account and someone stole $10 from you, would you be upset and throw all of the remaining $86,390 away in hopes of getting back at the person? Or move on and live?
Right, move on and live. We all have 86,400 seconds each day. Never let someone’s negative 10 seconds ruin the remaining 86,390.
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