Trivialisation of startup failure

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Couple days back I had a conversation with Anke Euschen, CEO of PeCon-Net GmbH at a networking event about leadership qualities and enterprising mindset. She as an experienced consultant and psychology graduate helps over the past 20 years managers and C-level executives in their personal development.

In our discussion, we covered a different topic as she used to answer: Entrepreneurship in society. The trend of having a buzzword or a social change is questionable. I mean the chances can’t be even better to start a disruptive business and succeed, there are plenty of opportunities and trends out there. Uniquely, with role models like Elon Musk; Jack ma or Jeff Bezos combined with access to venture capitals the race for ‘born global’ companies are immense. Also, the advantages of economic growth are indisputable.

However, having my critical voice in mind, I see also a trend of serial-entrepreneurial failure. Lack of knowledge or expertise is one thing, not pushing the boundaries and giving up in another thing. I am not badmouthing the entrepreneurial motivation, quite the contrary, I believe being entrepreneurial is something you can learn. But, failing in their own startup and promoting it as being able to have transferrable entrepreneurial skills should be taken with caution.

I really hope the individuals who started and failed in their own business are furthermore relying on their intellect, learning outcomes and skill sets instead of promoting their ability for venture creation.

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