11.1 Failure & Entrepreneurship

What is a business failure?

Business failure is common in entrepreneurship. True or false?

It is generally accepted that most startups fail during what years?

What percent of startups don’t make it past Year 5?

The same part of our brain that processes physical pain also processes what?

In some cases, entrepreneurs that fail on their first one or two ventures…

What are the most common reasons for failure?

What are the top 2 most common reasons startups fail?

What can be another reason for startup failure that was not already mentioned?

Example of Funding Discrimination

What 3 categories do mistakes fall in?

Entrepreneurs Share Startup Mistakes

What is a pivot?

Entrepreneurs may pivot by changing directions on such things as…

Examples of 3 Significant Pivots

Small Fail

Big Fail

What do the most successful entrepreneurs do that is a key component of the Entrepreneurship method?

What are the small failures considered?

What do small failures include?

Small, reversible, informative failures along the way can…

The point is that if we can expect and embrace the learning from the small failures, then…