Friday, November 21, 2008

It's OK to be Wrong, I promise

My business partner and I have written and re-written our company presentation numerous times. I've never been particularly happy about it. Because I just couldn't nail down our pitch - our objective, and that's what starts the whole presentation off. Part of the problem is the depth and breadth of our involvement in our company. It's hard to rise above it and get an objective, broad overview when you spend most of your time underneath it all.

Yesterday, we had an invaluable meeting with Jane Lindner and John Voltz of Jane Capital. Jane is a friend of my mom. Which furthers my advice of reaching out to your network - parents, friends, co-workers - because you never know who they can put you in touch with.

We went through our presentation with a fine tooth comb and got some great advice. One of the keys from this meeting, aside from the tips for our pitch, was a comment Jane made to us at the end. She said, one of the important characteristics about the two of us is our willingness to accept constructive criticism. She says that she too often runs into bullheaded entrepreneur's who think their way is the only way. Rajiv and I realize that we're not always going to be right. And that's more than ok. It's much better to realize that and evolve rather than staying the course and heading towards potential failure. Fail early and fail often.

Show humility - it's really the least you can do.

“To be humble to superiors is duty, to equals courtesy, to inferiors nobleness.”
-Benjamin Franklin

“To become truly great, one has to stand with people, not above them.”
-Charles de Montesquieu

“I claim to be a simple individual liable to err like any other fellow mortal. I own, however, that I have humility enough to confess my errors and to retrace my steps.”

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