Business Analysis : Failure is an opportunity to learn

Friday, July 12, 2013

Failure is an opportunity to learn

"If you have not failed you have not risked much" T.Byers

This professor of Stanford University believes that the great secret and success of technology parks is that "People are comfortable with taking risks and failing, and never customizing a mistake. Several attempts are made, and if not work, will try something else. "
His dream was to be a teacher, and got to 40 when he began teaching at Stanford University in California. But until then, Tom Byers was engaged to undertake projects, "sometimes successfully and sometimes not." He founded the company Symantec, dedicated to computer security software, which came into the market at a time when digital viruses began to be important.

Byers prepares entrepreneurs in the field of technology to work and conduct research in the park of Silicon Valley, and one of the most instills knowledge to students is that the errors are taken as a learning experience, not as something negative: "If there is no failure, maybe you're not risking enough."

The training expert believes that the great secret of success of the technology park is that "People are comfortable with taking risks and failing, and never customizing a mistake." It's like scientists in a laboratory, to "make several attempts and if not work, prove otherwise." Byers believes that "if done with honor and dignity, failure is a learning opportunity."

Education is a key factor in the formation of an entrepreneur. "20 years ago, some wonderful heroes of education began teaching entrepreneurship skills, and became an integral part of the MBA," says Byers. Stanford, Harvard and IE University are good examples of training centers, according to the professor. They are taught how to market goods and services, teamwork and communication skills. "These are elements that are important." Obviously, it is easier to market products that are needed, and "what large companies do is look analgesics that solve customer problems and which are sold by themselves." With them, marketing is minimal because they have the solution to a problem of a specific target. Byers mind that the goal is to encourage entrepreneurs to find these opportunities and create large companies, "they grow and are good for all".

Stanford professor believes that "some entrepreneurs are born, but most do." Mark Zuckerberg, founder of Facebook, is a prime example of an entrepreneur is born, according to Byers. "We had him in class and it was obvious he had something special."

The success of a student is not in their academic careers. Byers says that "being an entrepreneur is not a profession but a way of life and mentality" and the balance of an employer must be made from the five years of starting a business or have entered a company.

Family entrepreneurial

 "My family runs the entrepreneurial DNA," says Byers. All are involved in the business sector. One of his brothers is equity analyst, and has worked for Amazon and Google, and the other is "his hero, a great entrepreneur."

Byers feels his profession "very important and satisfying", and your challenge is to combine it with his private life. "When you love both your work, how hard it is to stop and unwind".

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