Life Area: Professional
Topic: Failing forward
Successful Entrepreneurs Failing Forward
Steve Jobs failed forward. So has Jeff Bezos, Oprah Winfrey and Bill Gates … so have each of the other 8 entrepreneurs included below. Each of these individuals struggled through depression, business failures, debt and doubt on their path to becoming the successes we know them as today:
Prior to starting Amazon, Jeff Bezos floated a few different ideas. Among them was a shopping site known as zShops which failed.
We all have heard this story of FedEx founder Fred Smith: in college, Fred pitched the idea for his future company on an assignment for which his professor gave him a failing grade because the idea was infeasible.
Sir James Dyson
Dyson vacuum cleaners has evolved to a huge business but Sir James Dyson failed forward to get there. Before finding his footing, Dyson worked on more than 5,000 prototypes and depended on his wife’s income to stay afloat.
Speaking of prototypes, history knows Thomas Edison as a great inventor but he had over 10,000 failed prototypes before he invented the light bulb. His resume also includes a series of lost jobs and teachers who call him “unteachable”.
Apple was a tech giant when Steve Jobs passed-away but it wasn’t always that way. When the company was in its infancy, products like the Apple I and Lisa computers created millions in company losses. In the mid-80s, Jobs was even fired from Apple until being re-hired by the Board in 1997.