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  • When should an entrepreneur give up?

    Posted on November 11th, 2009 admin 44 comments

    “Many of life’s failures are men who did not realize how close they were to success when they gave up” Thomas A. Edison.

    Entrepreneurs passionately believe in their ideas and have a ceaseless drive to make them successful.  But sometimes an idea just doesn’t have the potential for success, no matter how driven its creator. 1Marc Griffin is a great example of an entrepreneur who strongly believes in his “great” idea.   Despite all of the negative feedback from others telling Marc Griffin to let his Bullet Ball idea go, he refuses to give up.

    Take a look at this powerful video that is sure to make you feel something!

    http://www.youtube.com/watch?v=WOOw2yWMSfk

    Buy BulletBall:  http://www.bulletballgames.com/

    2BulletBall Theme:

    http://www.youtube.com/watch?v=1R5yT2YRSng&feature=related

    Thanks to Steve Eakins and the rest of team 2 in my 12:00 class for bringing this interesting case to our attention! Beth Carroll – BbB

     

    44 responses to “When should an entrepreneur give up?”

    1. kind of a sad video, but it really is a dumb idea

    2. [...] This post was mentioned on Twitter by Mario Tankovic, Sasha Price. Sasha Price said: When should an entrepreneur give up? @ thinkbeta.com: Marc Griffin is a great example of an entrepreneur who st.. http://bit.ly/1btcum [...]

    3. Allison Weilbaker

      yeah I’m not really a fan of the idea. It looks like air hockey with your hands.

    4. … That was really sad, but this guy is taking this way too far. I think they are right in saying that he is just reliving this great moment in his head. He needs to realize that he is the only one with that memory. I want to know what his wife thinks of all of this, if she is as crazy about it as he is.

    5. Zacheriah Ruggles

      Who in there right mind would go through all that just for a game so lame? I know for a fact I wouldn’t go through all of that for an invention no matter what. If it didn’t instantly become something big I woud give up and think of something new.

    6. Andrew Rodriguez

      It seems often that you hear about somebody giving up everything they have to live out a dream. A rare few make it, the rest die trying. I think giving up so much is taking it to far from scratch. Once you have your “foot in the door” and are on your way to the top, then you dive in and give it everything you’ve got.

    7. While I admire his endless pursuit, negative feedback from others is usually a good indicator that the product won’t be successful.

    8. hmm, but but its extremely hard to give up on an idea one come up with. I suppose there comes a time to draw a line, but yes, it sure is a hard thing to do.

    9. I actually saw this when it aired on tv for the first time it was really pathetic.

    10. Never give up! Pretty good price too for a game like that!

    11. Btw, I really hate when people call something “dumb” or “stupid.” Those words are not intelligent words to use and are not even good for constructive criticism, it’s just rude and completely mean. When giving feedback on a product or an idea, use constructive words; not words that have no meaning but to put a person down. My God, some people are just so rude.

      Sorry for my rampage, but every time I see someone write something like that on this site I get pissed off.

    12. Marc Griffin should seriously get practical enough to get back to his former akin life soon. It’s a great thing that he is incredibly devoted and passionate about his invention; but there is something called “life” that he needs to live. He could probably get employed and find opportunities to present his invention alongside whenever an opportunity comes up. That’s my thought about it.

    13. That is sad, I like the fact he wont give up but maybe he should try to rework his game if everyone keeps saying no maybe he can tweek it a bit.

    14. If some people says no to something, that’s normal, if everybody is saying no or everybody is saying yes, there is a problem.

      Entrepreneurship isn’t about not giving up, it’s about give up and hold on while you should.

      Sacrifices are necessary in many circumstances, if you don’t know how to sacrifice, you don’t know how to gain.

    15. It really is sad. I truly admire his relentless drive and determination to never give up on a dream but I think every individual has a breaking point. Marc Griffin simply hasn’t met his threshold just yet. He is willing to lay it all on the line for his invention. Although this may not seem like the holy grail to most of us its great to see such passion but passion can also cloud rational thinking. Sometimes No’s dont mean No they mean for an individual to go back to the drawing board.

    16. What seperates Leaders from followers? Leaders make decisions based on experiences, understanding, and weighing out choices.

      Followers make decisions based on what they think and see without research.

      Has anyone looked at the recent video’s and information regarding BulletBall and INCLUSION SPORTS, or am I the only one?
      Looks pretty successful to me. Go Marc!!!

    17. It’s hard to beleive in something when no one else does. And in today’s economy his idea will probaly never go anywhere, which is sad. Sometimes you have to know when to hold em and when to fold em.

      –katelyne–

    18. Somebody somewhere would like that.

    19. It is sad to see someone with such drive be shut down like that. Though sales would not be huge, I believe some people would like to play that game. Everyone likes different things and even though the some people might not like, some may at the same time.

    20. I think that its time to give up when you can’t risk any more. It’s a gamble that you may or may not make money on. If you cant stomach losing then you will never make it big.

    21. I think he is to be admired for all he has been through and all the work he has put into this idea. However, I cannot imagine devoting 26 years of my life on one idea. I definitely would not sell my wedding ring for it. I hope he finds success somewhere, but I also hope he doesn’t make this product his entire life. There is a lot more to living than just supporting one idea.

    22. there is a reason his idea has been rejected and criticized…

    23. I think its time to give up when you have lost more than you expected to gain.

    24. I feel really bad for that guy. The idea wasn’t the worst ever, but it definitely wasn’t a great idea like he thought it was. It was good to see how enthusiastic he was about the product after so many years though. But I agree with the investors in the video he needs to pick another idea.

    25. I admire his relentless pursuit but come on dude… that idea is not going anywhere.

    26. Caroline Stephenson

      I feel like there is eventually a time to let a product go, but an entrepreneur should never give up creating new ideas and inspiring people.

    27. maybe he’s just repositioning himself and using people’s sympathy to get bullet balls to another level, he’s probably got another set of brilliant ideas going…

    28. Sree Harsha Uddandam

      I didn’t like this idea as such but you would want to reconsider if you are putting money.

    29. that video is so intense. I think that even though Bulletball isn’t that great of a game, the story behind it could take it somewhere. Also the line, “you can lose everything but please don’t lose your mind” is so powerful because I believe that is exactly what has happened.

    30. When One has lost passion in what he/she ‘s doing

    31. Quentin Campbell

      Wow…that game looks interesting. Its kinda a cool concept…like airhockey with a round table and instead of using a puck you use a ball.

    32. I believe Marc Griffin put too much into this invention. Twenty six years is a very long time for the produt with which he invented. I don’t find i any more interesting or original tha other games such as air hockey or ping pong. I admire his dedication, but I think there comes a point where you need t be practical, and wait to do something this drastic such as selling everything you have until you make some progress with what you have by seeing results.

    33. An entrepreneur should give up when no one likes it. It’s just common sense.

    34. This is a really sad story, but some people don’t know when to give up. I’ve seen this in sports before too. The person has no talent or natural gifts and no matter how much they practice or work out, they don’t get better. Although I don’t believe giving up is the solution for if at first you don’t succeed, there is a point where one should realize if they can pursue their dreams or if it’s just that, a dream. 26 years is deffinately too long to pursue a product that hasn’t gone anywhere and there is not much interest in. He is trying to relive the moment that he had with his wife and trying to share that moment with others, but not a

    35. but not all people can relate with that. :( I hope he gets his life back…

    36. Never give up when your passionate, no such thing as failure just found ways of not doing things.

    37. This man hasn’t heard Kenny Rodger’s “The Gambler.” You gotta know when to hold em and when to fold em. This I would say was one that he should’ve folded a long time ago. But you have to admire his committment and perseverance.

    38. I’m really sorry but this guy reminds me of the guy on Office Space who invents the “Jump to Conclusions” board. And it’s so ridiculous that I almost think he’s acting for publicity like the people that try out on the first night of American Idol (you always wonder if they are serious or not). Also, why would he need to give up 26 years of his life and his job and all of his assets to create something so simple? That’s really scary. If he is totally serious, then I feel really bad and I think he should get some medical help.

    39. I think he is somewhat into this game. He might have an special experience or event that made him so be dedicated for 26 years. However, spending 26 years for hockey hands game doesn’t seem like a smart idea.

    40. I look up to this person and the sacrifices he has done in life for his idea. I am not sure about his game, it might be great or a total flop. But, being a practical person, I don’t think it was a rational decision on his part to give up whatever he had for something which will always be a gamble. I hope he does well in future and my best wishes for him.

    41. I don’t know that I have the same kind of drive that this guy does. I would like to think I do but I just don’t know. I don’t really like his idea though.

    42. Theresa Reinhart

      I think that a smart entrepreneur has to be mature in the aspect that they need to be able to accept an idea that just doesn’t have potential to go anywhere as growth into a new and better idea instead of a failure.

    43. I do not think you can give up on your dream or your vision. If you truly believe in it enough to try to make it happen, don’t rest until you do!

    44. It really shocks me reading through the posts that people are talking about how stupid his idea is other than how awesome his motivation is. I think it takes a lot to have motivation like this man, even if his idea if dumb, most people will never have that amount of motivation he has.

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