5. Failure is an Option
Failure is a must for each successful entrepreneur in this world. Failure is an option for an entrepreneur because it depends on them to choose the right path in leading their business. An entrepreneur must to be rational when doing a decision. Every decision made in a business will lead the business either towards success or failed.
For Steve Jobs, he already faced so many failures in his life. For him, to become a successful entrepreneur, failure is a must before he can be successful like nowadays. Steve Jobs is an entrepreneur that creates the Apple products. “The penalty for failing here, for going and trying to start a company in this Valley is non-existent. There really isn’t the penalty for failure either psychologically or economically in the sense that, if you have a good idea and you go out to start your own company, even if you fail, you’re generally considered worth more to the company you left because you’ve gained all this valuable experience, in many disciplines.”– Steve Jobs.
Steve Jobs failure is in 1985, after Apple discontinued its poorly selling Lisa computer and faced flagging Macintosh sales, Jobs was ousted from his position as head of the company’s Macintosh division. The decision came from the board of directors and CEO John Sculley, whom Jobs himself had selected for the position in 1983. Before the year’s end, Jobs would leave Apple to found a new company, neXT. By 1997, Jobs was back to Apple, but the company’s stock hovered around $4 a share, according to the New York Times. So, to put that into perspective, Apple stock currently sits above $390 per share. Then, Steve Jobs quickly cemented his position and, by 2000, he was officially given the title of CEO in Apple’s company.
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