I have suffered many losses, sometimes as much as 100% loss on an investment, but I consider that as learning. This is because the root cause analysis of my failures made me properly understand what “I thought I Understood”.
No matter the schooling, the volumes of book you read or how good your coaches are-In entrepreneurship, you complete the class by doing, and in doing be prepared for losses.
My first daughter was restless while growing up , and on one of those days when NEPA struck, we lit a candle and couldn’t help keeping her away from it.
In frustration we allowed her fulfill her desire of playing with the fire, while we watched the “home video”.
Feeling like an actor, she touched it, and got burnt. Ever since then, she always knew how to navigate her way around fires even without supervision.
This story captures in simple terms one of the ways we learn in entrepreneurship. In the formal schools we attended, mistake equates failure but in the school of entrepreneurship mistakes equal learning.
To start, don’t look for capital, don’t look for a shop, start by developing an entrepreneurial mindset through learning, unlearning and relearning .
The successful entrepreneur must discover themselves through self-knowledge and must be ready to go through the grills of mentorship, accountability and the unpleasant feeling of suffering losses. Here is another cartoon I came across which depicts that, eventually everyone will become an entrepreneur, Be prepared!