A new system to help make sure that one can learn from past failures in the most opportune time
While watching the highlights reel of a cricket match the other day, I heard the commentators talking about a dropped catch as the turning point of the game. That struck me as rather simplistic. An entire eight-hour game condensed into one moment—a dropped catch. Analysing start-up failures to give other entrepreneurs a sense for what they can learn is fairly similar. Most experienced entrepreneurs will tell you that systematic mistakes make up a failed start-up. It is never one thing alone. The next question is how to condense learning’s into an actionable set of items that you can use next time.