I failed and probably more often than you.
I successfully led organisations and led a total of 39 team members.
But I also founded Rexxads Consulting in 2012, 48! in 2014, NeoShip in 2015, Thomas Strick in 2015, adster in 2016, Moltocasa in 2017, FitPass in 2017, Spectra in 2017, Referia in 2018, and they all failed.
These are just the ones that made it through the conception and ideation phase.
Believe me, I spent a lot of energy and time.
I always started with one to three ambitious co-founders, which should have made it much easier.
During the later foundations, everyone had business degrees and several years of relevant work experience.
Even the business models already existed in a similar way on the market.
So, the starting requirements were favourable.
But after a few weeks or months, the projects stopped moving forward.
Most of the important skills for execution were present.
But I founded these organisations without passion and just to make money and when I encountered the first big challenge, I quickly gave up and let my team down.
I failed to lead my teams and move the organisations forward.
This made me realise that passion is highly important.
Not only skills.
Remind yourself why you embarked on your entrepreneurial journey.
If you just want to make money, chances are high that you will sooner or later fail.
Passion alone will not be enough because you still need business skills to grow and lead your startup.
But if you have an inherent motivation that instills passion in you, then chances of failure are much lower because you will bitterly fight to overcome any challenge and always find solutions.