Entrepreneurial traits: Failure in an option

Generally, failure means that something suddenly stops working. As an entrepreneur, one of the entrepreneurial trait is that looking the failure as an option to get successful in the business. If an entrepreneur is afraid to face the failure, then this particular person will not achieve the goal at all the time.

Take Meredith Fineman, CEO of Finepoint as example. She said that “The idea of failure is more of a hum in the background. It is always an option." Every time she had failed in her work, she rely on mentors and friends to discuss crawling her way out. Thus, she try to not letting the failures affect her sense of herself and self-worth (Vivian, 2014).

Bill Gates, the founder of Microsoft also another example of this entrepreneurial trait. Before Bill Gates founded Microsoft, he was also the founder of Traf-O-Data. However, Traf-O-Data had failed. The failure of Traf-O-Data had encouraged Bill Gates to create another software company due to his passion in computer programming (Stephanie, 2014). Therefore, Bill Gates started to launch Microsoft, a few years after the failure of Traf-O-Data. Microsoft was very successful because Bill Gates had never given up and dared to bear the risks after encountering a failure. Most importantly, he learned from his mistakes in Traf-O-Data.

Lastly, Walt Disney, the creator of Disneyland and the founder of The Walt Disney Company. Before The Walt Disney Company was founded, Walt Disney was also the founder of Laugh-O-Gram. However, this company was able to operate for only one year. Although Laugh-O-Gram was a failure, but it was also the starting point for Walt Disney’s future success (Walt Disney, n.d.). Walt Disney had overcome lots of frustration but at last he still managed to succeed by setting up his company, Walt Disney Company.