Probability of Success and Failure

Becoming an entrepreneur is very tough and challenging. It requires a lot of sacrifices and compromises, strong commitment and devotion. But even the most talented and “ready” entrepreneurs are more likely to fail in their venture, and this statement is especially valid for the first time entrepreneurs. It is not the failure that is the problem, but it is the fear of failure.

There is no recipe for success, but there is one common ingredient in most of the great achievements – the failure. During the Etohum Girişimcilik Zirvesi event, which took place on 31st of January at Suleyman Demirel Culture Center in Istanbul Technical University Maslak Campus, Dr. Paul Doany held an inspiring speech concentrated on the probability of success and failure. He gave many great advices to the entrepreneurs that can be really useful for all startup owners, especially the people who want to work in the tech sphere.

Paul Doany - Doany&Partners - Girişimcilik Zirvesi 31 Ocak 2015 from Burak Buyukdemir on Vimeo.

Paul Doany from “Doany & Partners” established his company in Dubai in October 2011. Doany & Partners offer consultancy strategy and marketing services to telecom operators. Dr Doany is also chairman of Golden Horn Ventures (GHV), a venture capital fund, focusing on IT/internet; Vice Chairman of SDS Enerji; Vice Chairman of TurkAsset, an asset management company in Turkey. He holds PhD in Communications Engineering from UMIST, Manchester, UK and MSc in Digital Electronics and Communications Engineering from UMIST/Bradford, UK.