The key life skill for entrepreneurs: fail fast, fail forward

Antonia Liu
Jan 22, 2018 · 5 min read
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  1. Get beaten by failure and give up.
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  1. Have you made a mistake like this before?
  2. What was the immediate cause of the problem?
  3. What was the root cause of the problem?
  4. What can you do to correct the problem in the short run?
  5. What can you do to correct the problem in the long run?

Mindset is the most important thing

Start to view everything as an experiment and treat the results as experiment output so that you can learn something from each experience. Viewing failure as a learning experience takes practice, and I suppose that this is why so many entrepreneurs emphasize the importance of learning to fail.

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SpaceX rocket and Israeli satellite destroyed in launch pad explosion
Yes, superheros make mistakes too (source)

Hack College Like an Entrepreneur

What does it take to be a successful entrepreneur? How can you maximize your college experience to prepare for an entrepreneurship journey? This book is an actionable guide on hacking entrepreneurship while in college — based on insights from the world’s most successful founders.

Antonia Liu

Written by

Author of “Hack College Like an Entrepreneur: 40 Surprising Insights from the World’s Top Founders.” Published by New Degree Press.

Hack College Like an Entrepreneur

What does it take to be a successful entrepreneur? How can you maximize your college experience to prepare for an entrepreneurship journey? This book is an actionable guide on hacking entrepreneurship while in college — based on insights from the world’s most successful founders.