Countdown to the Olympics: How to be an Olympic-level entrepreneur #7

The Olympic Flag flying in Victoria, British C...
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In 7 days*, the 2010 Winter Olympic athletes will compete to be the best in the world. Entrepreneurs compete for a similar pinnacle of success every single day. This series of blogs will countdown to the Olympics with 31 ideas about what it takes to achieve gold in your business.

To be an Olympic-level entrepreneur, you need to be willing to fail.

In any given event, only one person will come away with gold. After them, there are a couple others that get the silver and bronze, and there will be still others who enjoyed personal victories of even being able to compete in the Olympics at all. Most will cross the finish line at least. But there will be a few who don’t even get that far. Perhaps a knee will give out while skiing. Maybe the stress of competing will cause a worrisome collapse. Or perhaps the Jamaican bobsled team will crash. Olympic athletes go to compete but they risk failure. They might win big, they might not win at all, or they might even fail miserably and not even cross the finish line. In spite of that they compete anyway, knowing full well that there are no guarantees.

Olympic-level entrepreneurs know there are no guarantees as well. They give their best and know that it might end in failure. Yes, there are some Olympic-level entrepreneurs we will never hear from because of a catastrophic failure in their business. But they will be back.

* Disclosure: I was traveling recently and didn’t always have access to the internet, so I missed a couple of publishing dates. This blog has been published and back-dated to keep the countdown sequential.

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