Entrepreneurs share their formula for success: Failure

• Main Author: Knowledge@SMU
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: Business; Entrepreneurial and Small Business Operations; Technology and Innovation
• Online Access: https://ink.library.smu.edu.sg/ksmu/151; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1150&context=ksmu
• Institution: Singapore Management University

Entrepreneurship is so often associated with risk-taking that in safety-seeking Singapore, it would be quite natural to assume a rather weak spirit of enterprise. Such an assumption, of course, would only be partly true. After all, successful entrepreneurs need to possess more than just an appetite for risk; they need to be skilled at harvesting talent, tapping on their networks and navigating around business environments. Can such successes be taught? Panellists at a recent forum seem to think so – but only to a limited extent. They draw distinctions between formulaic prescriptions and advice, saying that while there are no textbook solutions to follow, budding entrepreneurs would benefit from having access to mentors.