Entrepreneurial achievement is a hot topic for many business publications. In fact, it can sometimes seem like the business world is obsessed with the extraordinary stories of overnight success. That’s why it’s important to remember that these stories are indeed unlikely and that we often don’t hear about the preparation work or even the multiple failures that successful entrepreneurs face before making it big.
Things change quickly in small business, as many founders will tell you. While startups offer opportunities for accelerated success, they also come with a high chance of failure. Though the emphasis is often put on the quality of the idea, the reality is that sudden success is usually the result of years of hard work—and failures.
The team at Credit.com retraced the journies of some of the most high profile entrepreneurs in the world. They found that many successful businesses began as humble ideas and went through multiple iterations before becoming profitable. This might come as an ecouraging reminder to entrepreneurs to keep working, create realistic timelines, be flexible, and learn from each failure.
Infographic courtesy of https://www.credit.com/