Page 43 - Midas Touch

work the way you want to work. For others, the satisfaction of building a
business and possibly attaining great wealth and fame is what makes the
whole idea of entrepreneurship appealing. If it weren’t for that darn fear of
failure!

And that is the reason why most people don’t become entrepreneurs. They
simply fear failing more than they desire winning. Unfortunately, life has
its ups and downs, which means that if you want to win, you have to accept
losing too. Living life somewhere in the middle is impossible. Life throws
punches at us whether we like it or not, and only expecting wins is
unrealistic. What separates Midas Touch entrepreneurs from all others is
that when they face a loss, they quickly stand back up, learn from their

mistakes, and move on. Successful entrepreneurs know that learning from
their mistakes affords them greater wisdom and strength for the next
challenge. While failing turns many people into failures, failure makes
Midas Touch entrepreneurs smarter.

The Classroom vs. Life

Here’s the paradox: If “A” students are considered the smartest people of
all, why don’t they all become extremely wealthy entrepreneurs? The
answer is because most “A” students are winners in the classroom where
they win by making the fewest mistakes and failing the least. They learn
that mistakes and failing are bad, so they do their best to excel. In the real
world of entrepreneurship, by contrast, the people who make the most

mistakes—and learn from those mistakes the fastest—are the winners.
Business rewards people like that.

What this means is that traditional education programs either try to avoid
challenges where we might make mistakes, or they approach such
challenges with caution and hesitancy. That’s not much better. Some
people become paralyzed in such situations and can’t make a decision one
way or the other. It’s no surprise then that most people spend their lives

avoiding risk. These are the people who would rather have a steady
paycheck and a job than great wealth and their own business. There’s
nothing wrong with that, if that is what you want.

On the other hand, entrepreneurs, many of whom are not the “A” students,
love challenges. They know and accept that mistakes, frustrations,
setbacks, and failures lie ahead. They know that the challenge of