3 Attributes for High Probability Entrepreneurial Success

April 25, 2014

in Events, Personal Improvement, Starting Up

With tomorrow’s Failcon on my mind, my thoughts have turned to entrepreneurial failure. There have been so many times in the last 7 years when ArrayFire could have failed.

Failure of a particular startup is not the death of entrepreneurship. Often it is the beginning of something successful for the entrepreneur.

I believe that anyone can become a successful entrepreneur if they have 3 qualities:  1) competence, 2) a disposition to do substantive work, and 3) persistence especially though tough times (often for 5+ years). While the odds of any particular startup are lower, my experience is that the odds of succeeding as an entrepreneur are fairly high when those 3 ingredients are found.

The hardest of these is #3. As this article points out, Mark Cuban also believes that the top reason people fail is not only a “lack of brains” but “a lack of effort.”

Tomorrow I will share 4 stories at Failcon of our journey through entrepreneurial ups and downs. See you there!

 

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