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The Success Experiment – Keep Trying Until It Works

By Financial Slacker on January 29, 2017

I read this Fred Wilson @ AVC post from last year about living in the age of experimentation. And like many of Fred’s posts, this one got me thinking.

It’s never been easier to start a business than it is now. Whether you’re launching a blog and from there creating products or services to help your readers, or you’re selling things online, or even creating a Kickstarter campaign, there are many different approaches you can take.

When I read Fred’s post, it brought back to mind discussions on a post I had written about whether experience or ability was a more important factor in determining success. That post was more focused on individual success but the same question can be applied to success of a business.

One compelling comment on that post was by Full Time Finance who said the biggest indicator of success is drive even more so than either experience or ability.

In this age when it’s so easy to start a business, the key to success may be more tied to a willingness to continue experimenting and trying new ideas than anything else. This open experimentation process is how we learn what works and what doesn’t.

And failure is just another step along the way. It should not be considered a bad thing. As long as we persevere making small incremental improvements; eventually, we will find a recipe that succeeds.

Until then, we will continue to stay the path, keep motivated, and enjoy the ride.

 

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