Myths of Entrepreneurship

Neat set of articles this morning:  Timothy King talks about businesses failing, and whether that’s a good thing.  In the process, he cites an interesting article about the myths of entrepreneurship.

In my life experience, there’s a wonderful synchronicity between agile software development and entrepreneurship.  Failing Fast is a key concept in Agile development.  It works because failing isn’t the end of the world – the volume of resources spent to discover the failure is not high.   Entrepreneurship, especially Internet-based entrepreneurship is also an area where you can limit your financial risk, and still learn a lot about the business, what you do well, what you don’t do well, etc.

Failure in business is not an ethical lapse.  It is not a moral stain on your character.  It is a learning experience.

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