MindFrenzy

Motivation and Tools for Entrepreneurs

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Success or Failure?

July 28th, 2008 · Comments · Advice, Business, Entrepreneur, Ideas, Motivation

How do you measure your success or failure on a project?

Is it a failure if it doesn’t make you rich or you don’t make it to CNN? Maybe it’s a failure if you don’t get at least 1 visitor to your website?

Everyone has different levels that they expect to achieve.  Some word of advice is to lower those expectations.  Especially if your an aspiring entrepreneur you need to lower your measure of success.

The reason for this is that there’s a very good chance your 1st venture will fail.  Whether its a blog, website, store, product, whatever it is.  The odds are against you.  Now I’m not saying you should expect failure or not dream big.  But there’s a difference between starting a blog and saying it will only be successful if you make the top 10 on Technorati verse saying I just want 1 subscriber and I’ll go from there.

Realizing something will not work is not a bad thing.  Once you realize it you can restructure your website or blog or store and take things in another direction.

The point is you don’t get down on yourself because you view everything you’ve done as a failure.  Ask most successful entrepreneurs how many things they have started that failed and they will say “well that depends”.  In terms of learning and growing as an entrepreneur they haven’t failed on anything, maybe they failed to make an income but everything takes time.

When I launch MindFrenzy.com in the next couple weeks I’m not completely sure what will happen with it.  However I already know that it is a success because I have never done something like this before and the whole process has been a huge growth in my skills and abilities.  I will take that good feeling into my next project rather then worry about the site being the next Amazon or eBay.

So look at what you expect from your project and maybe lower those expectation a little bit if your just starting out.  That feeling of success will help you achieve bigger and better things done the road.

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