18 November 2010

Entrepreneur Failure or Faith?

"The only time you don't fail is the last time you try anything - and it works." ~ William Strong

Two New York Westchester County 13-year-old boys had an idea. They would sell baked goods in a neighborhood park on the weekends and in a few years earn enough money to open a restaurant. Great idea, right? The boys, Andrew DeMarchis and Kevin Graff, who are students at Chappaqua’s Seven Bridges Middle School, set up shop and made $120 on their first day.

Being the innovative entrepreneurs they are, the boys took half of their earnings and invested in a cart and water and Gatorade to add to their offerings. On their second day, the police arrived to shut them down. Their offense? Operating without a license. A town councilman named Michael Wolfensohn came upon the sale and called the cops on the boys for operating without a license.

What was a frightening experience for those two boys and an outrage to the parents is a lesson in failure for all of us. Did those boys fail? No, and why? Although their plan was flawed – they neglected to check about permits and licenses – they did not fail. They had faith in their plan and in their dreams.

If you are 13 years old and your dreams get the attention of a town councilman, then you know you are on to something big!

To Andrew and Kevin – never stop believing in the power of your dreams. Keep the faith and in ten years or so, I want to stop by your restaurant and say well done!

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