A successful entrepreneur can't be afraid of failures or setbacks. An initial setback can be a great opportunity to take a new and more promising approach to any problem, to come back stronger than ever.
Sentiment: POSITIVE
Every entrepreneur knows how agonizingly difficult it is to make the decision to give it your all, knowing that failure is inevitable; the successful ones know that the only way to get back up is through learning from that failure.
You will find that every successful entrepreneur has suffered many setbacks. These entrepreneurs just forget to mention these when they are doing interviews with the 'Wall Street Journal' or Bloomberg TV.
Overcoming fear is the first step to success for entrepreneurs. The winners all exemplify that, and the hard work and commitment they have shown underlines what is needed to set up a business.
When most people hit failure, they give up, but good entrepreneurs simply treat failure as a learning experience and use it to fuel and inform their next move.
If you have a setback, and you're not doing well and then you overcome it somehow, it always sticks with you. You know it could happen again.
In the long run, it's impossible to make progress without sometimes having setbacks, although people who get lucky on their first attempt sometimes forget this.
I think the most important trait for an entrepreneur is persistence. When you try to do something new and difficult, you are more likely to fail than to succeed.
If you so choose, even the unexpected setbacks can bring new and positive possibilities. If you so choose, you can find value and fulfillment in every circumstance.
I've had many failures in terms of technological... business... and even research failures. I really believe that entrepreneurship is about being able to face failure, manage failure and succeed after failing.
One misconception is that entrepreneurs love risk. Actually, we all want things to go as we expect. What you need is a blind optimism and a tolerance for uncertainty.