Embracing a "Fail Fast" approach

Speaker: Carey Smith, Founding Contrarian, Unorthodox Ventures

Moderator: Danil Kislinskiy, Founder at Go Global World

Topics description: 

Every year, American entrepreneurs start more than half a million companies, but only 200 will ever reach $100 million in revenue. Even those who succeed will fail frequently along the way, and Carey knows firsthand what it takes to change promising to prosper. In fact, it was a failure that led him to start Big Ass Fans. He founded a prior company and spent more than a decade installing sprinklers on the roofs of industrial buildings to cool their interiors. The company never saw annual sales rise above $1.4 million, though. Carey will tell you how, at the time, he ignored warning signs and thought he should persevere just a little bit longer. Eventually, he used the company’s proceeds to start Big Ass Fans and offer an indoor solution to the sweltering heat in factories. He learned the valuable lesson that you can usually tell within a short time if an idea’s going to work. If it doesn't, make the conscious decision to fail fast. The right kind of entrepreneur will appreciate taking risks and writing off a few mistakes along the way. 

Carey will discuss how he tells employees, “If you’re not making mistakes, you’re not working.” That’s because growth comes only from taking risks.

Online conference agenda:

5 min - Danil Kislinskiy will talk about the Go Global World Initiative and will introduce the speaker

30 min - Speaker talks