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5 reasons why you start a business despite the failure of most of them

5 reasons why you start a business despite the failure of most of them

5 reasons why you start a business despite the failure of most of them

In a new study, researchers found that 75 per cent of new businesses fail in the end. Most of this failure occurs during the first year of the project, but in this report we will show you five reasons why you should start a business despite this major failure.

No one likes failure, but there are a lot of lessons to be learned from the failure of startups.

However, when we talk about the failure of an emerging project, the cost of failure can be very high, between the financial costs that will never return, the long working hours, and the missed opportunity for another idea that may be more successful.

Taking into account these costs, why would someone cost himself the creation of an emerging company or project in the first article? Believe it or not, there is a lot of value in starting a business or start-up business, even if the idea fails.

Five reasons to start a new business
1. You will learn to fail better
"Failing better", "Failing too fast", "Failing too much". No doubt you heard or read one of these expressions online, even Facebook's controversial slogan, which lasted for years, was "Move fast and break things."

In any society, the focus may be on the concept of winning, and when the only thing worth is wild success, anything else loses its value in comparison to that success. But this kind of success is rare in fact, and it leads to playing safely.

Where do the original ideas come from? Pretty much they come from people willing to try and jump and believe in the idea. But this comes with a danger, namely the risk of falling on the face. In other words, the greater the risk, the greater the potential reward.

There is also another thing to keep in mind: Failure better, faster, and more frequently, may address your fear of failure to a large extent. This makes you free to move towards your goals more easily.

2. You can learn how to succeed
There is an alleged story about the famous inventor Thomas Edison when he revealed to one of his new acquaintances that he had tried 10,000 attempts to invent the light bulb without succeeding, and then this new friend replied "10,000 times failed?" Edison replied, "No, absolutely." I have successfully found 10,000 ways to build an electric lamp that does not work. "

Whether it's a real story or not, there's a lot of wisdom here. There is real value in determining the negative features of your goal, that is, it is important to know what does not work if you want to know what works.

In this case, there is no substitute for experience. By preparing for failure, you will learn the lessons you need to make your current idea (or idea) more successful, and therefore one of the reasons why you start a new business.

3. You can ride the waves of new markets
Business Hub is a time-honored strategy that helps companies respond to changing trends and realities in the marketplace. However, to take advantage of a good time business hub you must first have a real business, not just a single dream that keeps it in your head. This is why you start a business.

5 reasons to get you started a business although most failed 1
The business axes include changing operating processes, and systems as soon as possible to ride the market wave or the need generated by the user newly. However, successful business hubs need some momentum to help support the company during the new change.

So even if your first idea does not work, you can still guide your company towards a more profitable path or strategy, as long as you keep your business smart and responsive to market changes.

4. Learn who is the entrepreneur (leader) quickly and clearly
You can not get a lot of front gate boundaries just, to find out the truth about entrepreneurship you need to break through the start gate and start already running the project wheel.

Some lessons and ideas can be learned only through actual practice and experience only. Are you a leader away from work with your hands? Or do you work better when you are more deeply involved in your company's daily work? Where do your leadership talents lie? What kind of companies would you like to build?

There is no way to know the answers to these questions - and many more - only to take a deep breath and indulge in action.

5. May succeed!
While the vast majority of startups can fail, only a good number of them actually succeed. So that some continue to dominate the market, your emerging project can be one of them!

You will not know the result if you never try.


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