Wednesday, November 08, 2006

I was reminded in this past week that takes thick skin in the .com world. With a leading edge concept, you will hopefully encounter those who think your concept is great. And you will DEFINITELY encounter those who think your idea doesn't have a chance in hell.
True, the odds are against you - according to the SBA 95% of businesses fail within 5 years. But other data suggests only 50-70% fail within 5 years. So, for sure we can conclude that more than half of businesses will not last past their 5th year. For every super-successful business, there are 100 unsuccessful businesses.
But what if Larry Paige, Bill Gates, Steve Jobs, Thomas Edison, and so many more uber-famous entrepreneurs had decided not to pursue their "crazy" ideas? When they were starting, their business models were untested. They were ahead of the curve. They saw the POTENTIAL for their idea.
Here is the thing that keeps myself and other entrepreneurs going . . . you never know until you try. You weigh the risk with the potential rewards, and make your decision. You can always overcome legal, regulatory, and marketing hurdles. It may take some sweat and open wounds, but if you keep working to improve, learn, rethink, and tailor your model, you are essentially guaranteed success - if not immediately, then down the road with your newfound wisdom. The key to success is learning and applying your "education".
That is where my hopes lie, and those of the other 26 million small business owners. So my advice, always be open for constructive criticism, but also surround yourself with people that believe in you and your business. Positive attitude goes a long way in this world, including the business world.

Bryan

IdeaTango.com - Providing small to mid-size businesses with creative ideas for inventions, products, and services. Empowering creative members to change the world and profit from their ingenuity . . . one idea at a time.

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