Comments on: My Most Successful Failure http://jamieflinchbaugh.com/2010/02/my-most-successful-failure/ on lean culture, transformational leadership, and entrepreneurial excellence Wed, 28 Jul 2010 13:53:37 -0400 http://wordpress.org/?v=2.9.1 hourly 1 By: Ankit Patel http://jamieflinchbaugh.com/2010/02/my-most-successful-failure/comment-page-1/#comment-426 Ankit Patel Thu, 04 Feb 2010 04:29:53 +0000 http://jamieflinchbaugh.com/2010/02/my-most-successful-failure/#comment-426 I think the lesson highlights the need to have core values aligned with in the company. Every company needs a true north; the point where you are heading. Without knowing all the details sounds like everyone's true north was a bit different and all the compasses were pointing everyone in different directions. I can definitely say I have had my fair share of failures in business and can appreciate the story. Ankit I think the lesson highlights the need to have core values aligned with in the company. Every company needs a true north; the point where you are heading. Without knowing all the details sounds like everyone’s true north was a bit different and all the compasses were pointing everyone in different directions.

I can definitely say I have had my fair share of failures in business and can appreciate the story.

Ankit

]]> By: Daniel Markovitz http://jamieflinchbaugh.com/2010/02/my-most-successful-failure/comment-page-1/#comment-425 Daniel Markovitz Wed, 03 Feb 2010 19:24:36 +0000 http://jamieflinchbaugh.com/2010/02/my-most-successful-failure/#comment-425 You remind me of one of my earlier careers, when a friend and I had a company making skateboarding shoes. (Well, we outsourced production to Korea, but that's another story. . . . ) We were extremely different in temperament, personality, and beer preference, but we were completely in synch when it came to our beliefs and what kind of company we wanted to build. And that made all the difference. You remind me of one of my earlier careers, when a friend and I had a company making skateboarding shoes. (Well, we outsourced production to Korea, but that’s another story. . . . ) We were extremely different in temperament, personality, and beer preference, but we were completely in synch when it came to our beliefs and what kind of company we wanted to build. And that made all the difference.

]]> By: Jim Baran http://jamieflinchbaugh.com/2010/02/my-most-successful-failure/comment-page-1/#comment-423 Jim Baran Wed, 03 Feb 2010 15:48:27 +0000 http://jamieflinchbaugh.com/2010/02/my-most-successful-failure/#comment-423 Obviously, Pei Wei put passions and money together. I do see your point as would many divorce attorney’s who are grateful for passion as the driving force of partnership. As for failure, an entrepreneur knows that a dream not acted upon remains a dream. Such is why we market dream catchers, non dream fetchers. Someone has to do the hard work. Sounds like you did. Shark Tank: Erin Whalen appeared on Shark tank to acquire cash to grow Grease Monkey Wipes. She received all thumbs down. She kept at it, and at it, and at it…what happened was she reminded the Sharks of what put them in their seat in the first place. Now that’s passion with action. She got what she wanted. http://bit.ly/7U7Vs0 Jim Jim Obviously, Pei Wei put passions and money together. I do see your point as would many divorce attorney’s who are grateful for passion as the driving force of partnership.

As for failure, an entrepreneur knows that a dream not acted upon remains a dream. Such is why we market dream catchers, non dream fetchers. Someone has to do the hard work. Sounds like you did.

Shark Tank: Erin Whalen appeared on Shark tank to acquire cash to grow Grease Monkey Wipes. She received all thumbs down. She kept at it, and at it, and at it…what happened was she reminded the Sharks of what put them in their seat in the first place. Now that’s passion with action. She got what she wanted. http://bit.ly/7U7Vs0

Jim

Jim

]]> By: Midas Watts http://jamieflinchbaugh.com/2010/02/my-most-successful-failure/comment-page-1/#comment-422 Midas Watts Wed, 03 Feb 2010 14:22:04 +0000 http://jamieflinchbaugh.com/2010/02/my-most-successful-failure/#comment-422 I wish I could eat there now. I like this line of thought. There's an entrepreneurial speaker, I can't remember his name, but his mantra was "sell a little, earn a little, learn a lot." You didn't do the first two. That obviously would have cost you some money so I understand. But if you could get there, you could have learned a lot. I think the main message of the person I am referring to (I think he was on the show like Shark Tank that was on a few years ago) and of your post, is that learning is a vital element to any entrepreneur. Think about how you're going to learn, not just after you set up your organization but even at the very concept state. I wish I could eat there now.

I like this line of thought. There’s an entrepreneurial speaker, I can’t remember his name, but his mantra was “sell a little, earn a little, learn a lot.” You didn’t do the first two. That obviously would have cost you some money so I understand. But if you could get there, you could have learned a lot.

I think the main message of the person I am referring to (I think he was on the show like Shark Tank that was on a few years ago) and of your post, is that learning is a vital element to any entrepreneur. Think about how you’re going to learn, not just after you set up your organization but even at the very concept state.

]]> By: Jamie Flinchbaugh http://jamieflinchbaugh.com/2010/02/my-most-successful-failure/comment-page-1/#comment-421 Jamie Flinchbaugh Wed, 03 Feb 2010 12:58:21 +0000 http://jamieflinchbaugh.com/2010/02/my-most-successful-failure/#comment-421 Jim, I agree that is missing. But I would call that necessary but not sufficient. In this case, I believe (we can only speculate) that having a ton of passion would have probably carried us past the analytical barrier into a less successful failure, meaning we would have pushed ahead when we shouldn't have. Jim, I agree that is missing. But I would call that necessary but not sufficient. In this case, I believe (we can only speculate) that having a ton of passion would have probably carried us past the analytical barrier into a less successful failure, meaning we would have pushed ahead when we shouldn’t have.

]]> By: Jim Baran http://jamieflinchbaugh.com/2010/02/my-most-successful-failure/comment-page-1/#comment-420 Jim Baran Wed, 03 Feb 2010 11:58:10 +0000 http://jamieflinchbaugh.com/2010/02/my-most-successful-failure/#comment-420 Good business idea. Many stakeholders. Much to analyze. What's missing is 'The Dream". Failure comes before it and many times after. It’s difficult to collaborate on individual passion that drives ideas forward. If making money on an idea is your passion, best pitch your idea on the TV show Shark Tank. Would we be eating at Monsoons today if one of the founding fathers saw the restaurant business as a way to cultivate their passion? How would the evaluation of passion amongst stakeholders look on paper? Jim Good business idea. Many stakeholders. Much to analyze.

What’s missing is ‘The Dream”. Failure comes before it and many times after. It’s difficult to collaborate on individual passion that drives ideas forward. If making money on an idea is your passion, best pitch your idea on the TV show Shark Tank.

Would we be eating at Monsoons today if one of the founding fathers saw the restaurant business as a way to cultivate their passion? How would the evaluation of passion amongst stakeholders look on paper?

Jim

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