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Tuesday 24 August 2010

Kids can fly, can you?

Kids believe that they can fly like a superman using a towel as a cape, or fly like a witch riding on a broomstick. They climb to the tree tops without fear, and so on.

It is more than just action and believing in it. Kids don't understand the words "responsibility", "risk" and "option". Their decision process is simple and at times impulsive.

Will you take risk if you know your new business venture may fail, and the consequence is losing the shelter for the wife and children? This is neither about believing in yourself, nor chances of success. If there is a safer option, you may take it even if the return is smaller. That explains why many are employed rather than employing others to make money for them.

Unlike kids, older people have problems learning about and using a computer. When a kid blows up a computer, it's Dad's / Mum's problem to pay for fixing it. If Dad or Mum does it, the money comes from his / her wallet.

Single people or people with very supportive spouse are more successful in undertaking challeging ventures. Inspiration from some fast-talking speakers or YouTube armchair movie directors is great, but wisdom from failed entrepreneurs and regrets of dying people can be just as useful as one's guiding light.