Short excerpt from a YouTube video ("The true test of entrepreneurship") in which the speaker argues that true entrepreneurship appears when deals go wrong: entrepreneurs must renegotiate contracts, staff, and deals, persist through difficulty, and avoid quitting (quitting equals failure).
Everyone's doing deals that go south. The question is, what do you do? That's where the real entrepreneurship starts happening. When it's easy, everyone's an entrepreneur. The true entrepreneurs are. When it gets hard and tight and tough, how do you get yourself out of that? How do you renegotiate contracts, renegotiate staff, renegotiate the deal? There's so many variables of true entrepreneurship inside of those moments. And most people fail or quit, and the only way to fail, by the way, is quitting. They quit and then they doubt and go to something else.
