ENTREPRENEUR TRAITS : FAILURE IS AN OPTION

FAILURE IS AN OPTION

Most entrepreneurs deal with failure in one of two extreme ways. The first, made popular by many tech companies, is “fail fast, fail often.” At the other extreme is the notion that “failure is not an option.” Instead of trying to avoid making mistakes and failing, they actively seek opportunities where they can face the limits of their skills and knowledge so that they can learn quickly. They understand that feeling afraid or unprepared is a sign of being in the space for optimal growth and is all the more reason to move ahead. When unsuccessful people feel unprepared or afraid, they thought that it is time to stop, readdress their plans, question their motives, or spend more time preparing and planning. Failing quickly in order to learn fast—or what Silicon Valley entrepreneurs commonly call failing forward—is at the heart of many innovative businesses.

Steve Jobs is a good example for an entrepreneur that have gone through major failure. he is known because of his highly innovations, but also because his tragic comeback from an almost irrecoverable failure. Jobs found success in his 20s when Apple became the best product which have been a well-known among people, unfortunately when he was 30, Apple's board of directors decided to fire him.

Without fearing by the failure, Jobs founded a new company, NeXT, which was eventually acquired by Apple. Once back to Apple, Jobs proved his skill for greatness by reinventing the company's image and taking the Apple brand to new height.