Fear of failure grounds our success story

1. Fear of Failure Grounds Our
Success Story
Reducing entrepreneurial red tape is need of the hour

2. Contd…
The Indian startup ecosystem has taken shape and exploded in the last few
years, and so have the countless stories surrounding them. Unsurprisingly ,
lessons of unsuccessful ideas and attempts haven't gotten as much
precedence as successful counterparts. When such discourses on
entrepreneurial challenges do happen they are usually ascribed to inefficient
governance, and shortfalls in infrastructure, investment and institutional
involvement. A factor that is generally overlooked, but has profound effects,
is the cultural impact at micro (familial) and macro (societal) levels, on the
process of entrepreneurship.
As a society , we have imbibed the taboo of accepting failure. The instilled
fear of risk-taking and the difficulty to even characterise “failure“, do not
help the cause.For an entrepreneur, this could define the fine line between
pushing an idea to the last mile and giving up on it entirely .

3. Contd…
In the summer of 2002, I was an inquisitive 15-year old prowling the internet over dialup
and dabbling with programming, building one of the earliest blogging engines, the rather
unimaginatively named “boastMachine“ (bM). The idea of weblogs was just becoming
mainstream, and the handful of blog engines available were overly technical and
cumbersome to set up. Countless hours of development over the next two years made bM
popular worldwide. At its peak, it powered several hundred thousand selfhosted blogs,
gained institutional users such as the Michigan State University , was available in 17
international languages, and had become a regular candidate in the offerings of web
hosting compa nies. A lot of this was before the advent of WordPress which appeared at
the end of 2003.
However, bM soon ran its course as its peak coincided with the completion of my
secondary schooling. A break was unfathomable. Moreover, the success of a product on
the internet was not seen as a measure of success at all, and its pursuit, maybe even
monetisation, was thwarted by the fear of not being able to go to college from high school
in a span of a few months. While I realise it was too early for my own family to
comprehend internet entrepreneurship back then, the countless number of unwilling
students going to engineering colleges still paints a grim picture.

4. Contd…
The irrational fear of an uncon ventional path and the inability to think
beyond the traditional framework of success kept me from pushing a
globally successful product its last mile. There may be numerous
innovative ideas and products out there that never come to full fruition
because of spirits dampened by social circumstances. Reducing
entrepreneurial red tape is indeed essential, but as a society, how do
we go about bringing the muchneeded fundamental shift in attitude in
the way we measure success and failure?

5. For details and bookings contact:-
Parveen Kumar Chadha… THINK TANK
(Founder and C.E.O of Saxbee Consultants & Other-Mother
marketingandcommunicationconsultants.com)
Email :-saxbeeconsultants@gmail.com
Mobile No. +91-9818308353
Address:-First Floor G-20(A), Kirti Nagar, New Delhi India Postal Code-110015