Skip to main content

There's no success without failure

“As a successful venture capitalist, Peter Morgan Kash has raised zillions of dollars and started up dozens of successful biopharma companies. He has also lectured on entrepreneurship at the Wharton School of Business and Japan’s Nihon University.

One of the earliest lessons he learnt was that there is no success without failure. He started working on Wall Street at the age of 21 and by 30 made a sizeable fortune. “But in no time, I lost virtually all of it,” he writes in his book, Make Your Own Luck: Success Tactics You Won’t Learn in Business School. “What made the loss particularly difficult was that my setback was due entirely to my own poor judgement. No one had squandered my success except me.”

As it turned out, this period became one of the richest and most educational times of the New York businessman’s life. He went on to have several successes. “But I do believe that I would never have had them, if I had not failed so spectacularly early on,” he told this writer recently, during a first-ever visit to India. “In our culture, people tend to think of failure as a static condition or a termination point at which a person’s inability to achieve their goals, aims and desires becomes apparent. This is often viewed as a more or less permanent condition. That, however, is a completely erroneous understanding of failure.”

After studying the lives of dozens of successful entrepreneurs, Kash found that all people who succeed go through periods of their lives when all their efforts seem to fail. Yet what separated the real businessmen from the boys was not failure per se, but how they responded to difficult times.” Remember that a negative multiplied by a negative can be a positive,” he says. “Today I realise that life is a wave pattern — there are ups and downs, good times and bad.

Life doesn’t stop at any one point on the wave. Success and failure are just two words we use to describe different points on the wave. Wherever you may find yourself on the wave, know that this is temporary,” he explains, echoing the great Buddhist doctrine of anitya .

But as a doer, he also has antidotes: first, listen to your heart, on what you truly want and then never give up. Listen also to your critics, although you must not measure yourself by their take. Learn to pay the price of success. Finally, have faith in yourself and the web of life. Even a negative from someone can lead to a positive outcome.”

This is an article from Economic Times.

Comments

Popular posts from this blog

Raja Shivchhatrapati Lyrics

इंद्र जिमि जंभ पर… बाडव सुअंभ पर… रावण सदंभ पर… रघुकुलराज है ! पौन बारिबाह पर… संभु रतिनाह पर… ज्यों सहसबाह पर… राम द्विजराज है ! उदरात माउली… रयतेस साउली… गडकोट राउळी… शिवशंकर हा मुक्तीची मंत्रणा… युक्तीची यंत्रणा… खल दुष्टदुर्जना… प्रलयंकर हा संतास रक्षितो… शत्रू निखंदतो… भावंडभावना… संस्थापितो ऐसा युगेयुगे… स्मरणीय सर्वदा… माता-पिता-सखा… शिवभूप तो दावा दृमदंड पर… चीता मृगझुंड पर… भूषन वितुंड पर… जैसे मृगराज है ! तेज तम‍ अंस पर… कान्ह जिमि कंस पर… त्यों मलिच्छ बंस पर… सेर सिवराज है ! जय भवानी, जय शिवाजी !   Thanks to Nik for sending this. In case any of you want to read the whole poem you can visit this link .

शायरी

कुछ बिखरे सपने और आँखों में नमी है, एक छोटा सा आसमां और उम्मीन्दों की ज़मीं है, यूँ तो बहुत दोस्त है ज़िन्दगी मैं, पर जो खास है वाही पास नहीं है ....................

Marathi Manoos

I read the following article in Mint yesterday. http://www.livemint.com/Articles/2010/02/19213129/The-Thackerays8217-primitiv.html I was shocked by the bias shown by the author against the Marathis. I completely agreed with him when he talks about Sena. Both Shivsena and MNS have done more damage to Marathis than they have helped. Their methods have been of violence and oppression. May it be Shiv Sena’s reaction to racists attacks in Australia or the MNIK controversy, common man is the one who usually suffers. But the author then checks the list of 30 companies in BSE and 50 in NSE, to prove that there are no Marathi person “owning” a company and goes on to say - “ The Mumbai Marathi, better at renaming things than building something himself”. Then he says - If we observe Marathi society we notice the total absence of mercantile castes. Into this space the British imported the multi-religious trading community of Surat—Vohra, Khoja, Luhana, Memon, Jain, Parsi and Vaniya. The...