Be Legendary! 23 Entrepreneurial Lessons from Michael Jordan - Part I


21. Have The Courage To Fail

The courage to face failure bravely makes you stronger. The concept of failure is a little misunderstood. They say that, “it’s okay to fail”, but in actuality you shouldn’t let your startup as a whole fail. Startup ventures are a mixture of victories and failures. You must embrace these failures so that you can learn and adapt better. You learn what went wrong, what’s bad, and how to prevent it from happening again. You build up a resistance to that specific instance of failure.

20. Don’t Break When Broken

Starting a company is like a roller-coaster ride. Like a sine wave curve there are crests and troughs. While facing downfall, you will feel broken inside. You will intensely feel that it is time to give up. Thoughts like quitting yourself, selling the company, taking a weak deal, or even calling it quits on a smaller scale will flood your mind. But NEVER GIVE UP YOURSELF to these thoughts. For the most part, something that makes you feel broken should not break you. The true also holds same for the opposite.