The Culture of Failures

In our new book, SKALI LAGI, I mentioned that Entrepreneurship is about failures and not about successes. I expanded that entrepreneurship is about getting up when ever you fail.

For entrepreneurship to strive, a community or country needs to accept and (in fact) celebrate failures.

I think the main reason to the United States success in entrepreneurship, is its tolerance to failures. It is this tolerance that has provided its propensity for risk.

Today I met with Dr. Raul Perez, whose father immigrated from Cuba in the 1960s after the Communist took over. Dr. Raul's father came to the States without speaking English and (at that time) medicine in Cuba was behind to the States.

Well, Dr. Raul's father survived and did very well. He concluded this is the land of second chances and of new opportunities.

The United States for many people are a new beginning after failures or being a social outcast in there own countries. So when a failure occurs or someone has had some failures, they do not take this against a person.

Can Malaysia celebrate failures and learn from it ? Maybe and like the Kauffman foundation said it takes some small successes first and to show everyone that failures will lead to successes.