The following guest post is from Eric Greenspan, Founder and CEO of MakeItWork, a consumer facing, in-home tech support service. Entrepreneurs are inundated with success stories, but far less is written about ventures that do not succeed. Success has many fathers, failure is an orphan.
Most entrepreneurs do not have the guts to publicly discuss a venture gone awry. However, Eric recently posted the following insights on his blog. Much can be learned from success, but much more can be learned from failure.
11 years and 8 months of commitment, my life savings, every available dollar on every credit card, line and loan, and a promise to my children of a future, gone. The real story behind Make It Work’s demise isn’t exciting. It’s simply about a team of dedicated individuals that failed. We failed because the industry we were in changed over the years. We failed because the economy has drastically fallen since 2008, particularly in the consumer sector. We failed because Apple invented the iPad and the Genius Bar. We failed because Microsoft finally got Windows right. We failed because we tried. We gave it everything we had and it in turn, it took everything we had.
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