What if we found ourselves building something that nobody wanted? In that case what did it matter if we did it on time and on budget?

Most start-up companies fail and it is smart public policy to help entrepreneurs increase their odds of succeeding. But, the biggest loss to our economy is not all the start-ups that didn't make it: It's the ones that might have been created but weren't.

The attributes for entrepreneurs cut both ways. You need the ability to ignore inconvenient facts and see the world as it should be and not as it is. This inspires people to take huge leaps of faith. But this blindness to facts can be a liability, too. The characteristics that help entrepreneurs succeed can also lead to their failure.

Reading is good, action is better.

Most companies are busy making their products worse, not better. Updating is almost always a disaster.

What if we found ourselves building something that nobody wanted? In that case what did it matter if we did it on time and on budget?

The way forward is to learn to see every startup in any industry as a grand experiment.