I would remind your family/friends that all the "great" inventors had far more failures than successes, and that each so-called failure is just a learning experience to build on for a future success.
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I don't think there is such a thing as a failed entrepreneur. The rate of failure is so high, that not succeeding is overwhelmingly the expected outcome. Success is closer to a miracle especially on the first go around.
I say that, but some others would also call me a failed entrepreneur. However I would never agree to this, but at least I had times of high troughput money others only see in movies.
Keep at it. Head high.
Refame, you didn’t fail, you just learned a lot the hard way…
Do it again
Use it as fuel. Fuck them. Prove them wrong.
You only failed and quit if you actually stop pursuing your dream.
Recalculate and recalibrate.
Lick your wounds, figure out what you need to do in order to stabilize yourself financially, come back like Jordan wearing the number 45 and win again.
So long as you didn't lose anyone's money-- who cares///
You’ve tried so hard to please them .. it’s didn’t work & will not work and now ,you’re the only one feeling that way .. so the most important is being honest with you first and things will be situated with your family!
I am 30 and have always dreamed of being an Entrepreneur, but have been too scared to take the risk and gamble mine and my wife's futures. You can take pride that you tried to follow your dream and you may have not succeeded (yet) but that doesn't mean you won't in the future in different circumstances.
I'm unsure what industry or skills you have learned in the time of trying, but there is a good chance company's out there will appreciate them. You could end up with a well paying career as a result of your efforts. You also could have spent the same amount of time doing the same dead end job and still working in it now with less prospects.
Your outcome is dependent on your reaction. Don't let people ever make you ashamed because your tried or you'll stop trying.
You may take a while to accept this answer, but I hope for your own peace that you do consider it. The ability to handle the humiliation you feel depends entirely on how much you give a f*ck about what your family think.
You get to choose that. You wouldn't be an entrepreneur if you thought like everyone else. Lean into it. Make a joke of it. Do whatever you have to do then get cracking on exciting future plans.
You don't expect them to prove anything to you do you?
Good luck!
The easy thing is to get a job. The difficult thing is to be an entrepreneur.
A lot of ideas never came to existence because people were too afraid. You weren’t, at least you had the guts to try.
“The arena” has been turned into a meme because of Chamath P and other VCs that kind of denigrated it, but I do quite like the quote…
You’re in the arena with a sword in your hand. They’re in the stands with a biscuit in theirs.
You tried. I’m sure you worked hard (well, I presume you did). You can take solace in the fact that you at least had the guts to try and stick with it for as long as you did. Entrepreneurship is a series of daily battles. Most people never even try or quit after the first few failures in battle.
Did any of them ever take a chance?
Keep up the grind friend. Ford failed multiple times before he succeeded. Many famous entrepreneurs have.
OK, so your mindset is all wrong.
I am an entrepreneur and also 35. I ran into trouble with my first business and started my second one that was also struggling, but it's slowly getting more traction.
There's no such thing as failure with entrepreneurship. If something doesn't work, you pivot to something else. When you stop chasing a goal, THAT is failure. The point is to never stop chasing your dreams.
Your family doesn't get that and humiliates you because I imagine that they took the safe route and never risked trying to create something for themselves. That's part of being an entrepreneur. You'll hear it all. "He's unemployed", "You should get an actual job", "Have you made money yet?", "Do you actually do anything" or even try telling you what to do as if they know the key to success when in action, it's not so black and white. Your family is ignorant of the business world and don't understand how challenging it is to start your own business.
Hypothetically even if you DID fail, it doesn't matter. You tried something that they probably would never do. Most people that try to drag you down only do so because they were too afraid to chase after something.
Source: My family is toxic and this is regular behavior that I experience. I'm also in a small business boot camp and they specifically said that this is a regular occurrence. Ignore them. Practice stoicism. Focus on your goals AND THAT'S IT.
I feel you. Hey, you have more vision than any of them. And next time don't tell ppl your plans. If they've got nothing to offer, no knowledge of the business they don't need to know.
Keep trying. BE PERSISTENT.
You haven't failed unless you quit. You've just learned many ways on how not to do it.
Keep trying, never give up!
I’ll just ignore them. It’s your life to take account for not them. U do not live for them. Why let them bother u?
more coffee, more work
Failure just means first attempt in learning :)
“We’d rather look foolish than go broke” - Charlie Munger
You only fail when you stop trying. Everything else is a lesson
The beautiful thing that often it's the failed entrepreneur that turns into a successful one because the more you try the more you learn for your next attempt. "Real work" is subjective to some people and objective in reality as it extends far beyond the scope of traditional employment. Keep doing hard, smart, consistent work and eventually you will bear the fruits of your labor.
Are you more afraid than your family or regrets at the moment of death?
It's not over yet
Just putting it out there the guy who founded Walmart was already in his 40’s when he discovered it.
Your not a “failed” entrepreneur. That last company was a university / college for the real opportunity and million dollar hustle.
Just make sure it is a hustle and not a wish.
By getting the fuck up and doing it better again and again until your good.
With humor and acceptance. Business is alot like children. One of them will be successful, just takes time to see which one.
Failure is part of being an entrepreneur. If someone gives you grief over a failed venture, that person has no respect for the act of venture itself or has no understanding of what kind of personality a venture requires.
Humiliation from failure is a personal hang up you need to get over. People with fragile or immature egos will use your hang ups against you to feed their insecurities. Search yourself for the pride of the lessons you've learned that would have never been learned had you not failed.
Tough times never last, only tough people last.
Unless you had like a dragon dildo company or something hilarious in which case, I mean, levity my man. Levity.
“The only person who will give you grief about having ago is someone that has never had ago themself” - My dad to me growing up
Hey! I think you are great, I haven't even started.
Some people afraid to tell their parents their idea, because their parents will discourage them, but my case is a little different, I need a little advice.
My parents encourage me for entrepreneurship/ starting some small business - start selling things etc...(doesn't require many funds)
I'm 21, currently doing 8-5 job, I don't know what to do at the moment,
My skills: Procurement/ Purchasing, intermediate English, Chinese (HSK2).
My Dad: He encourages me to sell something, He lives in USA, I live in Southeast Asia, thinking of exporting to USA (he can help me with exporting, all I have to do is products/ finding customers). But I don't want to discuss much with him about my idea, because I afraid of conflicts with him about idea, maybe?
I appreciate his help, and trying to utilize what I can do now given the opportunity.
I love PC hardware, love learning about them and solving problem, thinking of starting a YouTube channel dedicated for that every week (1 video). I want to do this partly because I'm interested in solving people's problems, I don't expect to get money out of this.
It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.
—Teddy Roosevelt
“I have not failed. I've just found 10,000 ways that won't work.” —Thomas Edison
Get a job hippie. Then sell blow to everyone at your job. Buy a BMW, a gold chain, nice watch then show up on holidays accompanied by a smoking hot escort and refer to your family members as broke bitches. Make believers out of those non-believers.
Don't tell people this stuff. No one needs to know about your entrepreneurship. They wouldn't understand unless they've tried it themselves
Unfortunately risk adverse people seek familiarity and instant reward (paychecks)…. The key is to understand the psychology behind it and , separate yourself. You can love them, understand where they come from and know they mean well and safety is just security to them. What did you learn? What do you want to do now? And what adventures awaits you? And just keep going after that…. I made errors too. I’m gutsy and didn’t do enough planning (measuring). I’ve taken it upon myself to apply a methodology. Be more data driven and make an effort to build some foundational knowledge to understand the mechanisms in place and then execute.
You’re 35, not 65. You still have lots of time to be a successful entrepreneur. Shake it off, stay hungry, find another business to get into, and then work your ass off to make it a success.