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.
What is luck in business?"Success isn’t luck — it’s intent. It’s doing what you’re trying to do on purpose.
If you run to catch a bus and you catch it, it’s the running that made it happen. You could’ve thought you’d miss it, waddled forward in misery, blamed your bad luck and been late… or you could’ve run and had the same fate as those who made it.
It’s not luck, it’s effort.
It's not myth, it's motion.
Please stop brushing off muscle. Please stop diminishing grit.
And no, not all success has to be hard. And effort doesn’t always equate to victory. Sometimes things just don’t work out. But getting really f*cking good at something?
That, my friend, requires work."
-From a Justin Blackman email today
Coming from less is sometimes an advantage. I learned that when I was very young and went to Fashion/Business College 50 years ago. The other "girls" there all had Daddy's credit cards. Daddy paid for their apartments and school bills. I was poor with almost no resources. So I chose my seat on the front row of the classroom. I asked LOTS of questions and I hung on every word. I made friends with the teachers and spent my breaks asking more questions. I had a 3.9 grade point average. I got a stellar education."If you come from less, you will have to do more. It is what it is. Handle your business."
Do you know what is most concerning about this disgusting behavior?When I met up with some of the other students when we were in our 40s, they told me that I was SO LUCKY!
I used to get really mad when people called me "lucky". All I could think about was the long days and the struggles to make things happen. Then I realized that I was, and am, the luckiest girl on the block. I ride a wave of lucky moments that I have created through hard work and relentless forward motion. I attract Lady Luck regularly. The "girls" who were my fellow students don't get the insights and lucky breaks that fall on me as I keep pushing forward. It has to do with the concept of momentum which allows me to create my own good luck. I have thought about this issue a lot over the years.Do you know what is most concerning about this disgusting behavior?
The ones who called you LUCKY actually believe this - to the very core.
They HAVE to believe this.
How else would they justify the crushing reality of their own inadequacy? Their failure to act? Their lack of discipline and commitment?
Blame everything on luck and capitalism!
It is easier and much more comfortable than looking in the F*cking mirror and seeing the MONSTER that has created the life that they are currently living.
This one is really freaking good. Everyone who has ever gotten angry at something super tiny needs to see this.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.
The other day, I had two tenants get into a 90-second disagreement. The rest of the day was followed by a contest between them about who was right and who was wrong. Uh? They must have more spare time than I have. Talk about a wasted day!This one is really freaking good. Everyone who has ever rest of the day was them screaming at each other.
Do you know what is most concerning about this disgusting behavior?
The ones who called you LUCKY actually believe this - to the very core.
They HAVE to believe this.
How else would they justify the crushing reality of their own inadequacy? Their failure to act? Their lack of discipline and commitment?
Blame everything on luck and capitalism!
It is easier and much more comfortable than looking in the F*cking mirror and seeing the MONSTER that has created the life that they are currently living.
How did entrepreneurs and business people persevere back then? Persistent high inflation and high interest rate. Saving and loan crisis. Japanese cars taking over the market…. Plenty negative headlines back then. Seems like history is repeating but those who have the will and means will still make it nonetheless.I used to get really mad when people called me "lucky". All I could think about was the long days and the struggles to make things happen. Then I realized that I was, and am, the luckiest girl on the block. I ride a wave of lucky moments that I have created through hard work and relentless forward motion. I attract Lady Luck regularly. The "girls" who were my fellow students don't get the insights and lucky breaks that fall on me as I keep pushing forward. It has to do with the concept of momentum which allows me to create my own good luck. I have thought about this issue a lot over the years.
Now when others tell me I'm lucky, I agree with them and thank them for noticing. I know that I will find what I seek -- and those wins are what I focus on and count. The struggles and setbacks are just part of the process which are to be expected and planned for -- not emphasized. I work every day on having a thankful and a grateful spirit.
I did get caught up in all of it. Mortgage interest rates were 9.5% when I started in real estate in 1976. By 1980 I owned 50% of two real estate offices and I was doing OK. Then it all crashed when interest rates went to 22% almost overnight. We closed one office and sold the other one -- we never got paid for the one we sold. It was a dead loss -- but I sure got a good education from those days.How did entrepreneurs and business people persevere back then? Persistent high inflation and high interest rate. Saving and loan crisis. Japanese cars taking over the market…. Plenty negative headlines back then. Seems like history is repeating but those who have the will and means will still make it nonetheless.
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