Comments on: Odds of Success

By: Mark Shead

Mark Shead — Wed, 03 Feb 2010 16:06:45 +0000

The idea wasn’t to start all five businesses at once. It was to be prepared to try again if the first one doesn’t make it.

By: Richard | RichardShelmerdine.com

Richard | RichardShelmerdine.com — Wed, 03 Feb 2010 09:45:34 +0000

OR you could put your all into one business that you really love. That way you are not separated between 5 of them. Saying that I’ve started a few business that failed before this one that is succeeding.

By: Mark Shead

Mark Shead — Sun, 24 Jan 2010 05:22:23 +0000

The idea wasn’t to start five businesses at the same time. It was to not get discouraged if a business fails and start with the mindset that the failure of one business is only a temporary setback.

Personally I’ve found Kiyosaki’s books to be useful. Now if that is the only thing you ever read, then of course you are going to have problems. But that is the case with pretty much any book that falls into the “motivational” genre.

The link you gave was very interesting and casts a lot of doubt on the facts presented in the Rich Dad Poor Dad series.

By: Jude Boudreaux

Jude Boudreaux — Sat, 23 Jan 2010 22:40:14 +0000

Failure teaches us if we learn from it, but the advice to start 5 businesses since 4 will fail just sounds like a huge waste of time. In the sense that we should persevere, that’s great, but how could you possibly focus on 5 businesses at time?

I’ve found much of Kiyosaki’s advice hollow, and here’s a great article that documents many of the problems with the book: http://www.johntreed.com/Kiyosaki.html

By: Marko @ CalmGrowth

Marko @ CalmGrowth — Sat, 23 Jan 2010 07:11:41 +0000

Whether we are talking about business, charity organization, or purchase of pets, failure is a very important thing, because it teaches us more than any book…

Failure is just a different outcome from what we want. That does not mean that it is “bad”. From that “negative” outcome we can learn a lot!

By: craig

craig — Fri, 22 Jan 2010 14:54:30 +0000

Awesome thinking. I’ve never thought of it that way before, definitely sound advice for business success

By: Mike Key - Entrepreneurial Ninja

Mike Key - Entrepreneurial Ninja — Fri, 22 Jan 2010 04:29:17 +0000

Great forward advice. I was always told you TRY > FAIL > ADJUST TRY > FAIL > ADJUST, until you get TRY > SUCCEED

By: Juuso Palander

Juuso Palander — Thu, 21 Jan 2010 22:23:07 +0000

I don’t totally agree. This a mental thing, either you accept a defeat and it will come eventually, or you understand there is a possibility of a failure, but you will do everything to make the odds lower. Purposefully giving room for such defeats ain’t the right mind set in my opinion.

By: Steven Aitchison

Steven Aitchison — Thu, 21 Jan 2010 20:53:00 +0000

Hi Mark

Great advice here, simple, straight to the point and hits the mark. I am looking forward to more failures in the future.