Week 13.

                Week 13.

This week was really good, I feel like I could got even more from this week, but it was not bad of my instructor or how the class was build, but it was on me. Again I procrastinate a lot, and I could have done it better, but I am still working on it. Is hard to realize how easy was for me to keep my commitments in my mission, and having a schedule and following it, but know is so hard, and the mission made it seem it so easy but I guess I just need to be more consistent in what I really want.

One thing that was really special for me and I know that is going to help me a lot was from the study case from Randy Haykin.  He mentions something that completely got my attention, and that was (and I wrote it on my case report),

“The toughest hurdle that I have faced as a leader was one particular case with a start-up where things just did not look like they were going in the right direction. We ended up selling out earlier than we really would have liked. Some of the funding that we had expected to come in was pulled, so we were left without a way of keeping the company going. It felt like a failure. It was heartbreaking to have to tell a team of fifteen people who had just put their hearts and souls into this project for the last twelve months of their lives, which we all thought was going to have a big payoff, that: “Now it is time to close this project down. It did not work, and it is being sold off. You no longer have a job.” But I'd imagine it's an ongoing part of the entrepreneurial process. Most venture capitalists will tell you that of ten deals that they’ll do, on average, two will be total failures, two will be not so great, and somewhere between the remainder of one and six are going to be successful or moderately successful. So, I know already going into the entrepreneurial situation that something is going to fail. It still hurts, though, when you're going through it, and real people are involved. You just feel like you misled people, or you could have done a better job as a leader”.

I really like this, and it is one of the most valuable things for me from this study case, because I want to be a successful entrepreneur to help many in different aspects in their lives, but I have not think before what I would do if one of my startups does not work, what if I have to sell it, how I would feel to tell my employees this? I guess as he mentions it is part of entrepreneurship and I must be prepare for it. But if that would happen to me now (that I don’t think, I haven’t start anything), it will be so hard and it will destroy me, not because of the losses, but because I will feel like I have failed to those employees, and I do not how I would tell them that.

But now that I am seen it in his example I can be ready for it, just in case that gets to happen, hopefully never.

Best

Emilio Ortega Vasquez.