"The Startup Realm: A Beacon of Inspiration for the Modern Generation, Yet Tainted by the Tragic Reality of Leaders' Missteps
Akhil Damodaran,PhD
Dean School of Management iilm university /Regional Mentor for Change NITI Aayog/ CEO Elteridium/40u40 supplychain achiever 2021 celerity
All that Glitters is Not Gold
While the world of startups serves as a powerful source of inspiration for the contemporary generation, it is disheartening to witness leaders, once admired, facing convictions for actions they should never have taken. This discourse aims to explore the fundamental question: why do individuals make mistakes they ought to avoid?
The answer, perhaps, lies in a straightforward realization. Initiating with a noble intent—a vision, ambition, and unwavering commitment—can set the stage for success. However, when faced with challenges, acknowledging failure and seeking help becomes paramount. The perilous step occurs when fear of financial loss or a dent in reputation prevents leaders from confessing their inability to achieve the initially embraced vision.
It is crucial to recognize that recognition is not everything; a genuine sense of achievement is equally vital. Success is not guaranteed, and failures are an inherent part of the journey. What's pivotal is maintaining integrity throughout. If a dream falters, honesty with investors becomes imperative. Attempting to conceal mistakes by compounding them only exacerbates the situation.
Remember, admitting mistakes may afford a second chance, but deceiving the public and investors has irreversible consequences. In the entrepreneurial landscape, it is not just about the glittering facade but also about the resilience and integrity that form the foundation of lasting success."