The Mathematics of Entrepreneurship

Here’s an infographic on the mathematics of entrepreneurship. So many people are fixated on failure, but rarely ever wonder why startups are failing. This infographic goes in depth to show you why people fail and how many people really fail.

Failure is something that we should not shy away from, but rather embrace. Failure is an event, nothing else. Failure doesn’t define a person or business, it defines somethings that happened on a certain day at a certain time.

We all have bad days, failures just another bad day. You can wake up the next morning and bounce back or you can dwell on it. It’s the successful entrepreneur that wakes up and bounces back.

The successful entrepreneur also shares a variety of qualities, which are listed below:

Passion, Perseverance, Persistence

The 3 P’s. It is very difficult to be successful unless you strongly possess the 3 qualities listed above.

Dream Hard

It takes a special person to inspire others. You must step back, look at the big picture, and inspire others to believe in your vision. Be imaginative, creative, and think BIG.

Empathy

Great entrepreneurs build meaningful relationships where they feel and understand what customers and employees do.

Advice

Successful entrepreneurs know the value of advice. They aren’t afraid to ask for help when they needed and they’re more than happy to share their wisdom when they can.

Fair

Whether you’re dealing with customers, vendors, employees, or anyone else, entrepreneurs are always logical and fair.

Influence

Entrepreneurs never force their will on others. They have a sort of charisma that influences everyone around them.

Work Ethic

Every successful individual has put in tons of hours to get where they are today. People look at the event (the outcome), but rarely dive into the process.

Knowledge

You must continue learning and build your knowledge base every day. A degree is a good foundation, but it does not mean you can stop learning. Education never stops!

Flexible

Entrepreneurs never fixate on anything. They understand that to be successful, you must pivot and be flexible to try new things. They dwell on nothing, approach everything with an open mind!