the hive co-working space

The Hive is a members’ coworking space and creative community based in the dynamic Wan Chai area of Hong Kong. 

NEST is a hands-on investment incubator focusing on scalable consumer businesses in the lifestyle space. Our vision is to develop Hong Kong as a global hub in the fields of entrepreneurship and creativity to enable start-up businesses to thrive.

investhk logo

Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy.

bridges logo

Bridges Executive Centre has been in business for 10 years and helped over 8,000 clients incorporate and grow their business in Hong Kong with a knowledgeable team fully versed in different corporate aspects like company formation, company maintenance (e.g. company secretary, Annual Return, BR renewal), accounting, audit arrangement, tax filing and tax efficiency planning, investment visa, etc., covering every need of a start-up from basic to advanced. Their helpful staff, fast turnaround time, fair pricing and full range of maintenance support tell why you will love them.

maurice wm lee solicitors

Maurice WM Lee Solicitors are a Hong Kong law firm focused on legal services relating to business, finance, trust, investment, wealth management, creative industries and legislative lobbying.  Our experienced lawyers also provide legal services in key areas such as media, entertainment, dispute resolutions and China legal services.

 

Promotional Partners

maurice wm lee solicitors

The Asian Venture Capital Journal (AVCJ) is the leading source of information on Asian private equity, venture capital and mergers and acquisitions. Based in Hong Kong, AVCJ has been providing editorial coverage, quality data and intelligent analysis via its Asian Venture Capital Journal weekly magazine to the Asian private equity industry since 1987. AVCJ is also the organizer of the highly acclaimed AVCJ Private Equity & Venture Forum series of conferences in the world’s leading financial centers including Tokyo, Hong Kong, Singapore and New York. The AVCJ Forums series regularly receives strong support and participation from the industry’s leading professionals and firms, including GPs, institutional investors and advisors. 

Repeat Your Successes, Not Your Failures. Failure Is Overrated, by Ross Kimbarovsky

Posted by Jonathan Greechan on 2013-10-28

Founder Feedback gives you insight from the startup trenches.

In this post from his blog, Ross Kimbarovsky (Co-founder, CrowdSPRING), shares a personal experience about learning from failure, and explains why not every failure is a learning experience.

Below, Repeat Your Successes, Not Your Failures. Failure Is Overrated, has been republished;

 

"Some people believe that you can learn more from failure than success. But not every failure is a learning experience.

I believe that you can learn a great deal more from success than from failure.

Here’s why: knowing what not to do helps you focus and avoid setbacks, but doesn’t help you adapt to changes. You know what didn’t work – does that help you next time when you need to figure out what will work?

If you ask successful entrepreneurs whether they would rather hire someone who has failed or someone who has succeeded, I suspect most would prefer to hire the person who has succeeded. This is not surprising – scientific research shows that we learn more from success than from failure.

I would go even further. Some people are successful because they can repeatedly perform a task well. Others are successful because they know how and why something works. Hire people who know how and why something works, not just those who know how to do something.

If you’re looking for a marketing person to focus on SEO, you may be looking for someone with prior SEO experience. You can talk to thousands of people with SEO experience, many of whom will know the basics of SEO because they’ve helped other companies with SEO strategies. But you’ll be hard-pressed to find many people who truly understand how and why SEO works.

We’ve made the mistake at crowdSPRING, hiring people who knew how to do certain things well. Unfortunately, those people could not scale as our company scaled.

Knowing how to do something is important, but it is limiting.

When you know how to do something, you have a skill that you can replicate to do the same thing again and again. But when you understand how and why something works, you not only have a skill, but you also can adapt your skill to changing situations.

In our SEO example, the person who understands how and why SEO works will be able to help you when search engines start making regular major SEO-related algorithm changes. The person who merely knew how to implement SEO will hit a wall – they will have a tough time adapting to the changes.

Learn to repeat your successes, not your failures. Failure is overrated."

 

Ross Kimbarovsky is the Co-founder of CrowdSPRING - the world's #1 marketplace for crowdsourced graphic design, industrial design and naming. He is also a mentor for the Chicago Founder Institute.

Like this article?

Subscribe to our NewsletterAttend a Free Event

Feedback Form

We welcome your feedback to improve the Institute. Please contact us using the form below, and we will get back to you promptly.
Your Email Address:
Message to the Institute:
What is ? (enter the answer below):
Close Window