Without failure-or the risk of it-you don’t learn, you don't grow and your chance of success declines. I’ve always thought about the risk of failure as a prerequisite for success. It gives you the gift of perspective, and it teaches what to avoid the next time you try. And, it’s been statistically proven that people who have failed before are more likely to succeed in their future ventures! Failure teaches you resilience. Perell: I believe that failure is a necessary component of success. What have you found to be a helpful approach to learning positive lessons from failure? Everyone I knew was spending more and more time online even my grandma had an AOL account! My gut told me that if I could muster up the courage to start my own business now-while everyone else was fleeing from digital startups-I had a shot at success.ĭuncan: No one is immune to occasional failure of one kind or another. but very soon afterward, it became more popular than ever. People assumed that when the bubble burst, the internet was dead too. Although the dot-com crisis was certainly a wake-up call, I still believed in the potential of a digital business. Perell: My courage was born out of my crystal-clear vision and conviction. Where did you find the courage to buck what was then conventional wisdom? You stay put because that feels easier than jumping into the unknown.īut, here’s a secret: your reason for jumping or type of jump doesn’t matter the only thing that matters is that YOU have the courage to take the leap.ĭuncan: You lost your job during the dot-com crisis, yet you decided to establish a digital business. You’ve reached a certain point in your career or life where you aren’t sure what to do next. Reason #3: You’re considering a change because you’re stuck or feel unfulfilled. You feel certain you are meant to do something bigger. You see a way to improve your life through bold action. You want to change because you have a big dream you want to chase. Reason #2: You want to change because you have a vision. It was then that I summoned the courage to take a leap into entrepreneurship. It felt like the worst thing that had ever happened to me. This is the type of JUMP I took when the company I worked for went bankrupt and I hit rock bottom. This is less of a choice and more of an emergency exit. You’ve been fired, bankrupted, or had a life-changing event. Kim Perell: As someone who has jumped many times herself and has encouraged others to do so, I’ve noticed that there are 3 main reasons that motivate people to take big life changing leaps. She lives with her husband and two sets of twins in Miami. Perell has been profiled by The New York Times, Forbes, and more. She has been named one of AdAge’s Marketing Technology Trailblazers, Business Insider’s Most Powerful Women in Mobile Advertising, and Entrepreneur of the Year by the National Association of Female Executives. She sold her last company for $235 million after going broke ten years earlier. Kim Perell is an award-winning digital marketing technology CEO, top US female angel investor, and bestselling author with twenty years of experience taking companies from $0 to annual sales to $1 billion. The support system every entrepreneur needs to be successfulĬomplete the registration form below to watch now!.How to prepare to leave and develop a solid action plan before you make the leap.The 3 biggest challenges transitioning from an employee to entrepreneur.The tough questions you should ask yourself before quitting your day job.The truth about entrepreneurship, no one tells you.Watch this on-demand webinar with award-winning entrepreneur and business coach Kim Perell, to find out if it's right for you! Are you ready to be your own boss? Dream of starting your own business? Being an entrepreneur isn't for everyone.
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