To Succeed, You Must Be Willing To Fail

“Life is too short to spend your time avoiding failure. In 1981, at the age of 39, I was fired from the only full-time job I’d ever had — a job I loved.

 
Bloomberg says that this failure gave him the push he needed to start his own company based on an “unproven idea that nearly everyone thought would fail: making financial information available to people, right on their desktops.”

 
In 2001, when Bloomberg decided to run for mayor, he says most people advised him against it. He decided to go for it.

“In order to succeed, you must first be willing to fail – and you must have the courage to go for it anyway.

 
The following are some tips for becoming a successful entrepreneur based on my experience of building a company from the ground up, leading New York City as mayor, and founding a philanthropic organization.

 
1. Take risks: Life is too short to spend your time avoiding failure. To Succeed, You Must Be Willing To Fail!

 
2. Make your own luck: Luck plays a part in success, but the harder you work, the luckier you get.

 
3. Be persistent: Persistence really does pay off.

 
4. Never stop learning: The most powerful word in the English language is “Why.” There is nothing so powerful as an open, inquiring mind. Whatever field you choose for starting a business – be a lifelong student.

 
5. Give back: You are ultimately responsible for your success and failure, but you only succeed if you share the reward with others.

 
Today’s advice comes from Michael Bloomberg (Entrepreneur, Mayor of New York City, Philanthropist.) via his post “Top 5 Tips for Becoming a Successful Entrepreneur”