Iteration: The Secret of Success In Building A Business
If someone has never started their own business and begun to build one, the chances of being successful are pretty low.
But don't mix up being a failure with failing.
The first business someone starts might not work out, but that doesn't mean the next ones won't.
The first failure is actually a learning experience that helps improve their ideas for a successful business.
Building a business takes a lot of learning, doing, and trying new things.
When someone starts a business, they might not know anything about sales, marketing, and building products.
But as they learn, they'll get better at these things, and their later products will have a better chance of success.
If the person keeps trying, they'll find answers.
Results come from skills and experience.
It's different from sports, where you only have a short amount of time to win or lose a game.
In business, there's always tomorrow to try again.
That's why having an "infinite game" mindset is important for business success.
When you start a business, keep an open mind.
Some business owners start with big egos, wanting to work only for themselves and not willing to change, like stubborn kids.
But great business owners grow and evolve quickly. They learn fast, move quickly, and make better choices as time goes on.
They figure out what works and eliminate things that don’t work.
There's a saying: "If I don't quit, I won't fail."
99% of people quit before the 99th iteration, and only 1% keep iterating forever.
In business, the more you keep trying and improving your methods, the closer you get to becoming successful.