The light at the end of the tunnel seems so far away, but is it? If one sees success as the ultimate objective then when the light gets brighter, theoretically the level of achievement desired is closer. However, success is relative to what the beholder believes victory means.
To the contrary, failure is unattaining the final outcome. In a perfect world that would be the case; winners reach the goal and losers fail miserably. But it doesn’t have to be that way, as winning is at best, an even chance, and then at worst it could be a one in a million chance. Chances are that failure is more likely than absolute triumph.
A simple example of this would be a person who develops a startup. Common consensus tells us that 80% of new businesses close within the first year. Therefore, risk plays high in the equation, as with a twenty percent chance of getting through the first-year, probability is stacked against the initiators.
Small businesses, usually end up using capital from self-employed entrepreneurs as opposed to fund raising in the form of seed-capital when investors are sought. Either way, most ventures take time to develop which can take five years or more to be considered well-established and successful.
Yes, there are exceptions to the rule. It takes a lot of commitment from businesspersons and many hurdles will need to be overcome. In most cases, tycoons aren’t made overnight and instead they have to face many challenges on their path to success.
Written by Carl Boniface