PIVOT BUT NOT QUIT!!

In Business, Failure doesn’t make us a loser, as long as we choose ‘to Pivot’ rather than ‘to Quit’.

Failure is fundamental to our growth. If we can learn from what went wrong and why we know what to avoid or alter in the future to avoid a repeat. Or as Bill Gates once put it: “Success is a lousy teacher. It seduces smart people into thinking they can’t lose.”

ROVIO

Rovio is one of the biggest gaming success stories of all-time. Its Angry Birds franchise has been a staple of mobile gaming since its release in December 2009–and by 2012 the franchise has hit over one billion downloads. Further, Angry Birds made the successful transition from video games to merchandising, television shows, and even a full-length feature film with the sequel due out next year. Given this, you’d think Rovio simply had success built into its DNA. But that couldn’t be further from the truth. Matter of fact, from its founding (as Relude Oy) in 2003 until the launch of Angry Birds in 2009, Rovio pretty much only knew failure. The company had developed and released 51 previous games–all of which failed to become hits.

WALT DISNEY

In his early twenties, Disney was fired from a Missouri newspaper for “not being creative enough.” Then in 1921 Disney founded his first animation studio, Laugh-O-Gram Studio, in Kansas City, Missouri. It went bankrupt within two years.The rest, as they say, is history. After picking up the pieces from his past failures, Disney would found the Disney Brothers Cartoon Studio, which would later become the Walt Disney Studio, in 1923. Over the course of his life, Disney would receive 59 nominations for the Academy Awards, winning 22 of them.

GOOGLE GRAVEYARD

Google has a graveyard of failed projects.

https://killedbygoogle.com/

Some of these projects costed them millions of dollars and eventually got shut down e.g. Google+, Google Print or Google Hangouts.
There are a total of 200+ projects in Google’s cemetery.

We often forget a critical point in entrepreneurship… There is no guarantee of success…. Regardless of money, network, perfect team and access to market. If the most top companies in the world can experience failure, it is normal for entrepreneurs to fail from time to time - It’s normal.

The biggest lesson is…..

If something is not working beyond a certain point, it’s critical to accept failure and PIVOT. Also, it’s essential to wear the badge of our failures with pride and not hide it.

PIVOT & NOT QUIT!!!

JOIN MY MAILING LIST

Rest assured; I won’t bombard you with spam. But brace yourself for some exciting stuff, information and upcoming events that I’ll be sending your way from time to time!

Add comment:

Home Hire me to speak Hire me to train Hire me for consultation Press & Media Kit