Emergic: Rajesh Jain's Blog

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How An Entrepreneur Should Take Criticism

November 21st, 2005 · No Comments

[via VC Circle] Ed Sim writes: “I admire entrepreneurs for the risk they take and the unerring confidence they have in their product and market opportunity. However, what separates some of the great entrepreneurs from the average ones is an ability to acknowledge your weaknesses. As we all know, being an entrepreneur is a difficult job that is 24/7. Creating a new product or service can be draining but also quite rewarding emotionally and financially. Obviously, the last thing you want to hear when you get your initial first customers is to hear that your product has faults. For some entrepreneurs, it is akin to saying ‘your baby is ugly.; Well, I have to tell you, I have seen a number of times where companies and entrepreneurs can drink too much of their own Kool-Aid and go quickly from product innovator and market leader to second place.”

Tags: Entrepreneurship

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