Entrepreneurship: Cultural Views on Failure A Good Indicator Of Chances Of Success.

By: Ainsley Brown

 

Cultural views on failure shape entrepreneurial success

Failure, who wants that? We all want to be winners not losers, right. Who wants to fail?However, for the entrepreneur failure is all part of being just that, an entrepreneur, in fact I would go as far as saying that failure can be an entrepreneur’s best friend.

Think about it for a second. Ok your second is up.

Life is filled with all kinds of successes and failures – that’s just life – but which did you learn the most from, success or failure?

Just think about it for a second; ok your second is up

Be honest, its failure isn’t it.

Yes failure, something we all fear, provides the greatest moment for us to learn. How we manage or better put how we are honed to manage the process of failure provides not only the basis for but is the best indicator of future success.

Starting a business is a difficult task no matter where in the world you are, however, and forgive me for stating the obvious, but some places are more difficult than others.  What accounts for these differences? Why is it that some countries are so good at producing entrepreneurs – churning them out in what can best be described as mechanical – while others have such difficulty?

The answer is the “f” word, no not the expletive but rather the “f” word that stalks every entrepreneur the world over – failure.

Please don’t get me wrong, I am not saying that it is simply the act of failing that explains such differences. No! Rather it is how such failure is treated in a culture. The cultural ‘treatment’ of failure is often an understated factor not only in the number of entrepreneurs a country turns out per year but also is a major factor in their rate of success.

Don’t believe me? Well, stay tuned for Part II.

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One Reply to “Entrepreneurship: Cultural Views on Failure A Good Indicator Of Chances Of Success.”

  1. James McGother

    Ola! Commerciallawinternational,
    Thanks, on a related note, Loads of customers are frightened of not attaining points and plans they had set for their selves, and when they do not attain them their fearfulness comes to surface and they shed faith in their ability. If you watch failure as a illness, it will corrupt your brain and will not allow you obtain what you had set out to generate.
    BTW great blogpost

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