All posts tagged: significant risks

This Valentine’s Day, Love Like an Entrepreneur

This Valentine’s Day, Love Like an Entrepreneur

Teaching at a business school, I meet a lot of 20-something aspiring entrepreneurs. They are well trained, smart, ambitious, and energetic. They generally have a good idea and know people who want to help them. But one particular quality distinguishes the ones whom I’m most bullish about: They fully hope, and intend, to succeed, but they understand the significant likelihood of failure and face it in a healthy way. They know that their Big Idea is just the first one; if necessary, they will come up with more ideas, which will be better than the first. These are the entrepreneurs to watch—not their specific start-ups. This attitude toward failure is the same one that can lead to success in the greatest entrepreneurial venture anyone has in life: romantic love. I have written previously that the most successful relationships closely resemble mature start-ups (as opposed to mergers), in that their success depends on not waiting too long to get committed. But romance also mirrors business creation both in the likelihood of early failure and in the …