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Idea

Rehab for failed entrepreneurs

Image credit: Steve Halama / unsplash.com

Darko Savic

Darko Savic Apr 08, 2021

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Originality

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Feasibility

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Necessity

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Bounty for the best solution

Provide a bounty for the best solution

Bounties attract serious brainpower to the challenge.

A community built around a website, forum, platform, etc. where entrepreneurs of failed businesses share their experience of what went right and what went wrong with their business attempt. 

There, people would offer each other support and guidance. It would also be a good place to find future partners and team up for the next endeavor.

community business ideas

4

Creative contributions

Prevention is better than cure

Spook Louw

Spook Louw Apr 13, 2021

Perhaps it could even be possible to turn this community of entrepreneurs who have had failed ventures into a sort of immersive mentorship program. 
Users could form a forum on which they discuss ideas and plans, where those who have more experience would naturally gravitate towards roles as mentors while still learning something new themselves. 

This platform could also create opportunities for people with different backgrounds and skillsets to merge and turn two separate failures into one combined success. 

Having the users mentor each other keeps user involvement symbiotic, which will make people feel like they are part of something rather than just consumers. 

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A course on entrepreneurship

Darko Savic

Darko Savic Apr 08, 2021

Upon "checking in" to rehab, you would actually be signing up for a course in entrepreneurship and running a business. You would spend a few weeks going through lectures and learning what you skipped the first time around (could be the reason your business failed). In the final stage, you would have to pass an exam to enter the community.

The course would be similar to what people learn at Y-combinator. It would get everyone on the same page so that they would have a better feel for what went wrong the first time around and not repeat the same mistakes on the 2nd run.

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A podcast about failed businesses

Darko Savic

Darko Savic Apr 08, 2021

In the podcast, the host would interview successful people about their early, less known failures.

Short failure lessons

Video excerpts would be made to emphasize an important lesson. First, a VIP entrepreneur would explain how they failed, then the host would interview a few unknown entrepreneurs who failed in a similar way. The VIP part would be used as a problem definition, the unknown entrepreneurs would be used to drive in the point that it happens to many people, all the time. The video should end with lessons and solutions.

It shouldn't be difficult to find people who have failed in similar ways as the VIP describes. There is a community to tap into and find similar cases.

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Manel Lladó Santaeularia

Manel Lladó Santaeularia2 years ago

I think that is a very good idea, maybe mixing up success and failure stories. You could even compare situations that look similar where one of them was a failure and the other was successful, and try to understand why.

This reminds me of my friend's podcast in spanish, called "Cómo sobrevivir al doctorado" (1) which translates as "How to survive your PhD". In this podcast she invites people to share their PhD experiences to help other people understand that the struggles they go through are normal during the PhD but they still should not accept situations that damage their emotional health. In some cases she brings very successful people who still share how much they struggled, while in other cases she brings people who left the PhD and explain their reasons and what their life has been like after that, to make the audience understand that not finishing a PhD is not the end of the world.

This kind of content could be really useful to get people more informed about what they're getting themselves into as entrepreneurs and to help them deal with their struggles by knowing more people go through that, so I definitely support this idea!

References:
1: https://open.spotify.com/show/433q3aOTEg0bFRSa275Jck "Cómo sobrevivir al doctorado" Podcast

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Daniel Drazhi

Daniel Drazhi2 years ago

Hey Darko,

Maybe having ideas shared by category here would be great. Such as you can have "Education" "Transportation" "Blockchain", "Biology" etc. I think this would be a great feature for this app to have. Also I am trying to get started with an education technology idea and was wondering if you have any ideas that you can potentially share with me?

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Spook Louw

Spook Louw2 years ago

This is another amazing idea Darko Savic.

Another cool way to approach the podcast can be to keep the guest anonymous until the end. They could tell the story of a failed venture and the listener would judge them as a random telling a story, then at the end, the host can explain all of their successes and who they are today.

This adds an element of mystery which can make the podcast more entertaining, but more importantly, it removes any chance for listeners to form preconceived ideas based on the guest's later success. 

For instance, whenever I hear about Richard Branson's first venture, Student Mag, I can't help but think about the Virgin empire. If I had heard his story of the magazine before knowing it was him telling it, I might have gained more.

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Include a course/ training on psychological rehab

Shubhankar Kulkarni

Shubhankar Kulkarni Apr 09, 2021

This should include a section on how our brain works in terms of creativity and what things bring down creativity. Similarly, what can boost it. It should include training on some of the suggestions mentioned in this session. Also include some practices like meditation or certain exercises that may help cope up with the post-failure stress and (to some extent) depression. A psychologist may conduct a few of the sessions. Those participants who think that this might help can book an appointment with the therapist to overcome the stress.

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Darko Savic

Darko Savic2 years ago

Also how to prevent future burnouts should be a part of the curiculum. 

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General comments

Darko Savic

Darko Savic2 years ago

Fuckupnights seems to be working around a similar train of thought https://vimeo.com/483746569

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Shubhankar Kulkarni

Shubhankar Kulkarni2 years ago

Darko Savic They have made it sound really cool 👍 

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