ENTREPRENEURIAL TRAITS: FAILURE IS AN OPTION

There are many of entrepreneurs who had face failure before they could become what they are right now. One of the entrepreneurs is Walt Disney. Walt Disney real name is Walter Elias Disney was born on December 5, 1901, in Chicago, Illinois, US.

            Before Walt Disney became successful there were many difficulties he has to overcome. First he was fired while working with newspaper company that saying he is lack of imagination and not creative enough. After that, in 1921, Walt Disney decided to open his own animation company. It was his first animation company and named it Laugh-O-Gram, in Kansas City. He made a deal with a distribution company in New York that he would ship them his cartoons and get paid six months down the road. Then, the studio was loaded with debt and he was force to declare his company gone bankrupt in 1923.

             In 1926, Walt Disney and Ub Iwerks created a cartoon character called Oswald the Lucky Rabbit, distributed by Universal Pictures and it was successful. Later, some said that Charles Mintz had stolen the right of Oswald while some said that Walt Disney knew that Universal owned the Oswald character. But Walt was surprised that his animators being signed by Mintz to contracts except Iwerks.

            Later in 1927 when Walt Disney tried to get MGM studios to distribute Mickey Mouse, they said that the character would never make it because a giant mouse on screen will make woman frightened. In 1933 The Three Little Pigs was rejected by the distributors because it only has four characters. At that time they felt like cartoons should have figures as many as possible. But after that, it became very successful. It being played at theatre so long that the poster outside featured the pigs with long white beards.

            Lastly, Walt Disney showed us the quality of entrepreneur by not easily give up but used the failure itself as an option to get started fresh with more improvement and became such a legend. Disney Land became very popular and it is every children dream to get there. Thanks to Walt Disney that never give up but going through all the obstacles confidently.