For some reason, I'm on the e-mailing list of an outfit by the name of OnlineMBA.com. Every once in a while, these folks send me a cool infographic that encapsulates a lot of interesting and useful information in an easily understandable way. Such is the case with the infographic Failing Gracefully: The Secret to Startup Success posted below.
Here's the text introduction to this infographic, provided by OnlineMBA.com:
For most would-be entrepreneurs, the thought of trying to start a business presents a wide array of challenges, and in the tricky business of starting your own company, the idea of “failure” is usually the most daunting opponent. In today’s tech saturated economy, the start-up culture has grown consistently more prevalent, with entrepreneurs and dreamers packing up and heading in droves to pursue the dream of tech stardom. While not every business is going to turn into the next Facebook, and certainly not every CEO will become the next Mark Zuckerberg, there is nonetheless something exciting about starting fresh and working your way up to running a company worth putting you name on. However, getting to that point takes a great deal of time, talent, and resources that even the most ambitious of entrepreneurs are daunted by. If there’s one thing a seasoned business owner will tell you, however, it’s that you can’t make an omelet without breaking a few eggs; or rather, to succeed in a start-up, sometimes a little failure can be the best thing for you and your company.