Tolerance For Failure

Failure is the state or condition of not meeting a desirable or intended objective, and may be viewed as the opposite of success. Failure is one of the part to achieve goal as it will make entrepreneur become motivation to reach objective, optimistic and creative on solving problems. “Tolerance for failure is a very specific part of the excellent company culture – and that lesson comes directly from the top. Champions have to make lots of tries and consequently suffer some failures or the organization won’t learn.” (Thomas J. Peters and Robert H. Waterman Jr., 1982) So, tolerance for failure is an important trait to run a business by the entrepreneur. 

William Henry "Bill" Gates III was born on October 28, 1955 in Seattle, Washington. At age 17, Gates with his friend, Paul Allen who met at Lakeside School developed Traf-O-Data which is to read the raw data from roadway traffic counters and create reports for traffic engineers. At first, they tried to sell the processing service to the local authorities and successfully they earned money, but later their first demo failed because the State of Washington offered traffic processing services to cities with free of charge.

In 1975, Gates and his friends met the President of Micro Instrumentation and Telemetry Systems (MITS), Ed Roberts for a demonstration of Altair emulator. The demonstration was success and they work at MITS. They named their partnership "Micro-Soft" and had their first office located in Albuquerque. But then, Microsoft had led to failure as people could get it for free which caused them involved in financial problems. 

Although facing many failures and challenging for him and his employees, they still can establish the business until Microsoft become the largest software company in the world today. He needs every of them together make it successful with every part of their work commitment.