Success is achieved twice. Once in the mind and the second time in the real world.
Azim PremjiRead
One of the myths you see in entrepreneurship is that people have this dream one night, wake up the next morning, and start building it. It's actually much more of an iterative process.
Interpretation
Entrepreneurship is a gradual and iterative journey, not an overnight success.
This quote highlights the common misconception that successful entrepreneurs suddenly have a brilliant idea and immediately set out to realize it. In reality, the process of building a business involves continuous iterations, adjustments, and learning from failures, emphasizing the importance of perseverance and adaptation in the entrepreneurial journey.
In practice
During a motivational speech for aspiring entrepreneurs, you might say, 'Remember, it's an iterative process, just like John Collison mentioned.'
Success is achieved twice. Once in the mind and the second time in the real world.
There's a long history of people who spent that $300,000 on their first film and weren't quite ready, and then they never did it again 'cause they were out of synch with where they were, and they would never raise that money again.
When I started Virgin from a basement flat in West London, I did not set _x000D_ out to build a business empire. I set out to create something I enjoyed _x000D_ that would pay the bills.
If you don't lose, you cannot enjoy the victories. So I have to accept both things.
Whether you come from a council estate or a country estate, your success will be determined by your own confidence and fortitude.
Trust me, if you're working on a $70 million movie and you're the last guy, you feel all that weight on your shoulders.
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