Pay The Price: Creating Ethical Entrepreneurial Success Through Passion, Pain and Purpose

More about the book

Despite our best efforts, most new businesses fail, with up to 90 percent of UK and US startups not making it past their 10th year. This trend is even more pronounced in developing countries, particularly in Africa, the most entrepreneurial continent. Building a business on strong ethical foundations is challenging, and the journey often involves significant highs and lows, shame, and pain. This darker side of entrepreneurship is underrepresented in literature, potentially contributing to high failure rates. While many business books focus on success, few address failure and the perseverance required to overcome pain and setbacks for lasting success. This book offers a unique perspective, emphasizing the importance of Passion, Pain, Time, and Purpose. It provides insights from diverse fields, including music, poetry, chemistry, and sports, and even features a dedicated Spotify playlist. Readers will discover The Five Principles of Ethical Entrepreneurship and the Three Universal Phases: Honeymoon, Formative, and Legacy. It stresses the importance of starting with who, not why, for building a successful ethical business. Additionally, it introduces the Flag Response Model to tackle the four types of pain leading to failure and offers methods for validating business models through chemistry theories. The book also guides readers to earn the best Legacy type, the Pathfinder, among other valuable insights.