RIGA - “Failure is the mother of success,” says Bert Twaalfhoven in
explaining the motor for becoming a successful entrepreneurship today.
“I have [built] 54 companies, of which 16 were failures. I lost a total
of 55 million dollars, and here I am (…); I understood what I did wrong
and then I tried to get better and fix my mistakes,” he said.
Twaalfhoven was one of the lecturers invited to the High Impact Speaker series event held at Riga Business School in October.
Twaalfhoven is a 45-year career entrepreneur who has dedicated his life to learning, and this has carried him through 54 ventures. It has also given him insight into how entrepreneurship grows and dies. The best point offered by Twaalfhoven is undoubtfully how Europe can progressively emerge in the field of entrepreneurship to adapt itself for the next economic changes coming worldwide.
His extensive experience in the aerospace industry gave him the means to found the European Forum for Entrepreneurship Research (EFER) in 1987, to promote entrepreneurship across Europe, especially through entrepreneurship education. Twaalfhoven’s educational system is now comprised of 456 professors from 183 institutions in 43 European countries. This includes the EFER’s successful “Teach-the-Teachers” program at Harvard Business School and Cambridge.“Entrepreneurship can be engaged in by anyone. You do not have to be an expert to be an entrepreneur,” says Twaalfhoven (Entrepreneur for the World 2009 WEF)...