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

[Melisa Jane]

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?

[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.

[Daniel Obi 2]

The failed businesses highlighted the importance of adaptability and staying true to customer needs. Not pivoting when the market shifted was a common downfall.

[Chidinma Dijeh]

From the failed businesses in this book, you can learn that even good ideas need strong execution and market fit to succeed.

[chakri wang]

These failed businesses serve as a cautionary tale. They show how crucial it is to be flexible and keep your finger on the pulse of what customers want. Many of them stumbled because they refused to adapt when the market changed.

[Benson Ken]

I learned that just because you have a really good idea for a business doesn't mean it will thrive. You need a really good strategy to execute this your business idea.

[Eobi jonh]

These companies that went bust are a real wake-up call. They show why staying flexible and understanding what customers need is key to survival. They all seem to have tripped up because they wouldn't adapt to changing markets.