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Entrepreneur Success Stories: Failure is not the End

Entrepreneur Success Stories: Failure is not the End

Aug 14 2023

The Value of Failure

Failure is often seen as a negative outcome. But in reality, failure is inevitable and we should not only see it as a negative outcome. In every task or business, there are ways to reduce the pathways to failure. As an eCommerce solution provider, we don't stop just because it is inevitable. We see it as a valuable learning experience

You may have heard some of these stories as well. But you can never know when or who will sparkle your motivation.

Have you heard about Ruwanika Weerakkody? She used to be a programmer searching for a passive income to add more security to her financial life. She got into Amazon selling . She started small with 100 products. Because she made her research right before starting selling, she made her way to earning 6 digits. Amazing, right? But did you know that she faced continuous issues with running out of stock and once she lost 6 WEEKS of sales were lost in transit? That is just one example of what people go through as entrepreneurs.

Tip- Learn how to manage risk and reduce failures in SMEs

JK Rowling: Turning Failure into a "Gift"

JK Rowling, the renowned author of the Harry Potter series, faced multiple rejections before finding success. Her manuscript was rejected by 12 publishing houses before finally being accepted. Rowling believes that failure is an essential part of the journey to success. In her own words, "I don't think we talk about failure enough. It would've really helped to have someone who had had a measure of success come to say to me, 'You will fail. That's inevitable. It's what you do with it.'" Rowling considers her early failures as a "gift" that helped her learn and grow as a writer.

Fernando Raymond - A dominant force from Sri Lanka.

Ranked at the pinnacle of this list is Fernando Raymond, an illustrious figure among the world's foremost digital entrepreneurs. Hailing from Sri Lanka, Fernando has firmly established his influence worldwide, earning a well-deserved reputation as the unrivaled frontrunner. Currently based in London, UK, he is the driving force behind ClickDo TM , a prominent SEO and online marketing agency, as well as a trailblazing software development services provider based in Sri Lanka.

Fernando's innovative prowess extends even further as the mastermind behind SeekaHost, a preeminent global web hosting company. This remarkable achievement is a testament to why Fernando is often likened to possessing a magical touch. His multifaceted endeavors encompass a symphony of SEO expertise, cutting-edge web hosting solutions, astute business consultations, and transformative mentoring initiatives. And this is just the tip of the iceberg, as Fernando's enterprising spirit hints at an array of untold ventures on the horizon.

He is now on the journey to achieve the empowerment of 100 million individuals through accessible and efficient web hosting services.

Tip- How much does it cost to start a business online?

Kanchana Wickramasinghe - Tech Innovator and Educator

Kanchana Wickramasinghe is a visionary entrepreneur who has made significant strides in the tech industry while promoting education and gender equality. Armed with a degree in computer science and a master's in software engineering, Kanchana's journey took her from Sri Lanka to Silicon Valley, where she gained valuable experience working with top tech companies.

Upon returning to Sri Lanka, Kanchana co-founded "Tech One Sanje," a tech company that specializes in providing software solutions to various industries. Her commitment to empowering the next generation of tech professionals led her to establish "Technovation Sri Lanka," an initiative that encourages young girls to pursue careers in technology and entrepreneurship.

Kanchana's efforts have not gone unnoticed, as she has been recognized as a "Forbes 30 Under 30 Asia" honoree and a "Global Shaper" by the World Economic Forum. Her story showcases how combining technical expertise with a passion for education and community empowerment can drive both personal success and positive societal impact.

Dhammika Perera: Building an Empire through Perseverance

Dhammika Perera, a prominent Sri Lankan entrepreneur, started his journey with a small business selling machinery spare parts. Despite facing initial challenges, he expanded his business by investing in various sectors and acquiring other companies. In 2002, he founded Vallibel One, which has become one of Sri Lanka's largest companies under his leadership. Perera's story showcases the power of perseverance and the ability to turn setbacks into opportunities for growth.

Walt Disney: Perseverance Pays Off

Walt Disney, the visionary behind the Disney empire, faced numerous setbacks before achieving success. His first animation company went bankrupt, and he lost the rights to his popular character, Oswald the Lucky Rabbit. However, Disney did not let failure deter him. He started over and created a new character, Mickey Mouse, which became an iconic symbol of the Disney brand. Disney's story teaches us the importance of perseverance and the willingness to start again after failure.

Otara Gunewardene: Making a Difference through Entrepreneurship

Otara Gunewardene, a Sri Lankan businesswoman and philanthropist, faced her fair share of challenges on her path to success. She started her journey by selling factory surplus garments from her car trunk before opening her first store, ODEL. Despite setbacks, Gunewardene persevered and transformed ODEL into a publicly listed company. She also founded Embark, a fashion brand that supports animal welfare initiatives. Gunewardene's story exemplifies the impact of entrepreneurship in creating positive change.

So, if you are an aspiring entrepreneur facing setbacks, remember that failure is not the end of your journey but rather a path toward a brighter future. Keep pushing forward, learn from your failures, and let them fuel your determination to succeed.

Bill Gates: Learning from Early Setbacks

Before co-founding Microsoft, Bill Gates had his fair share of failures. In high school, Gates started a company called Traf-o-Data, which aimed to collect and analyze traffic data. Although the company achieved moderate success, it eventually failed when similar services were offered for free by some states. However, Gates didn't let this setback define him. He used his failures as learning opportunities and went on to co-found Microsoft, revolutionizing the technology industry.

Steve Jobs: Embracing Setbacks as Opportunities

Steve Jobs, the co-founder of Apple, experienced a turbulent journey throughout his career. After being forced to leave Apple in 1985, Jobs founded NeXT and Pixar Animation Studios. While Pixar achieved tremendous success, NeXT struggled. However, Jobs didn't give up. In 1996, Apple acquired NeXT, and Jobs returned to the company he co-founded. With his visionary leadership, Jobs transformed Apple into one of the most successful companies in history. His story reminds us that setbacks can lead to new opportunities and pave the way for even greater achievements.

The Power of Resilience and Adaptability

The stories of these successful entrepreneurs highlight the power of resilience and adaptability in the face of failure. They demonstrate that setbacks are not permanent roadblocks but rather opportunities for growth and innovation. Here are some key lessons we can learn from their experiences:

  • Embrace Failure: Failure is a natural part of the entrepreneurial journey. Instead of fearing failure, embrace it as a chance to learn and grow.
  • Learn from Mistakes: Analyze your failures and identify the lessons they offer. Use this knowledge to make better decisions and improve your strategies.
  • Persevere: Don't let failure discourage you. Remember that success often comes after multiple setbacks. Stay determined and keep pushing forward.
  • Adapt to Change: The business landscape is constantly evolving. Be open to change, adapt your strategies as needed, and stay ahead of the curve.
  • Seek Support: Surround yourself with a network of mentors, advisors, and like-minded individuals who can provide guidance and support during challenging times.

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