Which lessons did you learn from the failed businesses mentioned in this book?

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Melisa Jane
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Which lessons did you learn from the failed businesses mentioned in this book?

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This is a discussion topic for the April 2024 Book of the Month, "Launchpad Republic: America's Entrepreneurial Edge and Why It Matters" by Howard Wolk and John Landry

Which lessons did you learn from the failed businesses mentioned in this book?
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Insofar as the word 'should' even has meaning, then we must say that the past is exactly as it should be, everything that happened should have happened, and everything that should happen will happen
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Brandon Thorp
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Post by Brandon Thorp »

The lesson I got out of it is to not get too comfortable with incumbency. Take risks and be ruthless, but do not make the government angry. Lawfare is just as lethal, if not more lethal, to your business as upstarts are.

Integrate as much as you can. Buy out competitors. Do your own logistics. Your own transportation. Keep it all as in-house as possible. Just don't run afoul of the law.

Do not go public if you don't have to. Shareholder activism sucks and it will bury your business.
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Daniel Obi 2
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The failed businesses highlighted the importance of adaptability and staying true to customer needs. Not pivoting when the market shifted was a common downfall.
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