Introduction to Entrepreneurship 2016

5) Failure Is An Option

A failure is an option that can be define you can learn something from mistakes. Failure is a beautiful thing and if you organize a business around it you can gain serious advantages from you mistakes. This will provide you an experience to avoid the problem by the next time. A failure also will help you always prepare a plan B as a good solution and to avoid that same thing mistake happen again.

Other than that, failure is a step to success. People will never give up easy and they will use the possible of failure as a motivation to be prepared for all possibilities. Then, failure in a business will help us clearly to identify the problem and solution. The entrepreneur who has the failure is an option is Walt Disney.

Now we talking about the background of Walt Disney. Walt Disney was born on December 5, 1901, at Tripp Avenue in Chicago. Drawing is an interesting thing for Walt Disney at a young age. He hopes to become a cartoonist and newspaper artist in the future. Thus, he started by drawing cartoons focus on World War I for the school newspaper. In 1917, Walt Disney was stopped his academic at school and he go to join the army but he failed because he was underage. At the age of 16, he joined the Red Cross Ambulance Corps and one year later  will send to France.

Walt Disney was rejected by many publishers in the year of 1919. This is because they said he did not have enough creative and ability for their newspapers. After that, he successful joined the Kansas City Film Ad Company and this place provides he made commercials bases on cut-out animations. He came across animation as an interesting field of work.

That is not his last failure in his life. Walt Disney decided to open his own animation business after learning animation by reading books and experimenting with borrowed camera. He starts produced his first series of cartoons that called ‘Laugh-O-Grams’ which played at the local cinema. The cartoons became very popular in Kansas City area and enable him to acquire an animation studio. But in a short time this studio had to close because of improper use of revenue and bankruptcy. He drove into bankruptcy because the distribution company in New York where he made a deal with went out of business. As a result, he was forced to shut down his company. He was unable to pay his rent and he survived by eating dog food.

In 1927, Walt Disney creates an animation that called ‘Oswald the Lucky Rabbit’ in association with Universal Pictures. This cartoon helped their company earn high revenues. He found out that Universal Studio had patented Oswald the Rabbit character and hired his artist out from under him. He was unable to continue production of ‘Oswald the Lucky Rabbit’.

 Other than that, troubles were even stopped to find him. Once more again he faced failure. Walt Disney started to create a new cartoon based on a mouse that had lived in his office in Kansas City. ‘Mice gathered in my wastebasket when I worked late at night. One of them was my particular friend’ said by Walt Disney. However, he was told that Mickey Mouse would fail because the mouse would terrify women.

 As if that was not enough, The Three Little Pigs has rejected distributors in 1933 because it needed more characters. Pinocchio in 1940 became extra expensive because Walt Disney shut down the production to make the puppet more sympathetic than the lying juvenile delinquent as presented in the original Carlo Collodi story.

In the early 1950s, he purchase an orange grove near Anaheim, California, and finance the construction of an 185-acre amusement park. In 1955, Disneyland became one of the world's most popular tourist attractions. Dubbed "The Happiest Place on Earth,".

In the journey became an entrepreneur Walt Disney was full of failure. These are an example of failure faced by him. Instead of giving up, he learnt from failure and continues to take the risk. He faced criticism and failure before his films started to skyrocket in popularity.