Your MSP business could bound out the gates a billionaire like Facebook. But the truth is, most unicorn startups are born from the death of their elder brethren. Many businesses fail multiple times before they strike gold. Following are a few examples of failure to help encourage you overcome your own unsuccessful efforts. These well-known technology companies had founders who experienced their full share of failure before striking it big:
- Microsoft: Bill Gates and Paul Allen
- PayPal and Max Levchin
- GoPro and Nick Woodlund
Microsoft: Bill Gates and Paul Allen
Traf-O-Data, what a disaster. Bill Gates and Paul Allen invented something that didn’t even work when they had to present it and was outmoded simultaneously by the launch of another solution. Still, Gates and Allen agree that what they learned from Traf-O-Data was very important in helping them effectively launch further endeavors later. Your MSP business will have similar failures informing future endeavors and enabling success through more informed outreach.
PayPal and Max Levchin
You know what SponsorNet New Media, NetMomentum Software, and NetMeridian Software all have in common? Max Levchin launched them, and they made no money. But when he launched PayPal later on–success!
GoPro and Nick Woodman
Nick Woodman founded Empowerall.com aimed at a demographic with diminished assets. While an interesting idea, certainly, it didn’t work out. However, what did work out for Nick was GoPro. If you’re not familiar, GoPro is a line of cameras delivering exceptionally high-definition and durable, portable utility. Nick learned to understand where the market’s going and how to capitalize on it from earlier failures.
Your MSP business is more likely to experience failure than to just immediately hit the nail on the head in terms of success. But as you miss the mark, you learn how to hone striking abilities. Eventually, what was much difficult is now something you hardly have to think about, and you’re chasing larger fish. Don’t ever give up! Technology exponentially develops; learning to overcome difficulties helps you capitalize on new developments.