Failed Entrepreneur contribution can be more valuable than the successful one's

We as normal human beings are always enamored by the success stories of entrepreneurs who have made big in the business world

Well YES there stories can be very inspiring or motivating enough for any wanna be entrepreneurs to emulate

Thanks to all the online as well as offline media making them hero's of there achievements

Has anyone thought, that there is a very large chunk of failed entrepreneurs , who despite of giving all there professional might have not make it big. Do we even think about

Why they failed

What mistakes they made

How costly it would have been for them to make those mistakes

What mental & physical trauma they would have faced for their failures

Unfortunately none of the media or forums talk about them , they are not today's hero's as no want to be associated with a failed entrepreneur

Imagine a scenario where all the wanna be entrepreneurs learn from these so called unsuccessful entrepreneurs as to what mistakes they did , some key important lessons on what not to do in entrepreneurship etc...

It would have been so much better for the whole startup ecosystem to reduce failure rate in entrepreneurship

It is very easy to follow successful people but very difficult to follow unsuccessful one's , after all learning from other's mistake & follow it in your own business life is not easy

Real Hero's are entrepreneurs who teaches WHAT NOT TO DO rather than WHAT TO DO

Comments

Why should Startups look at unsuccessful entrepreneurs as business mentors?

Entrepreneurs, particularly startup entrepreneurs are risk takers. We do not conform to the norms of safe play but are always on the lookout to push the boundary of trade and commerce to develop new opportunities and markets sometimes even where none exist.

We know that failure is the stepping stone to success and are not deterred by our own failures but press on towards our goal with single minded determination and take the help of people who have got the experience and calibre to help us.
So why is it that we do not even think of taking the help of people who have done it and seen it all but were unable to achieve their goal. Yes we are talking about unsuccessful entrepreneurs!
Anyone who embarks on the entrepreneurial journey dreams of his startup achieving great heights in the days to come but the unsavoury reality is that 90% of startups in India fail within the first 5 years.
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