Posts by Leticia Gasca
Everybody loves a business success story, so research on entrepreneurship tends to focus on the Facebooks and Ubers of the world. But in reality, new ventures are more likely to fail than to succeed, and there's a dearth of research on the reasons why – particularly when the entrepreneurs are women in emerging markets. The Failure Institute joined with Pro Mujer to study the failures of hundreds of small businesses run by low-income women in Mexico. Leticia Gasca of the Failure Institute explores the four main causes of failure these women faced.
In a recent study by the Failure Institute – the research arm of F*ckUp Nights, a global movement that aims to break the stigma around business failure – social entrepreneurs in Mexico gave three primary reasons why their businesses failed: a lack of resources and infrastructure; insufficient public policy support; and a dysfunctional board of directors. F*ckUp Nights' director discusses these and other findings.
Most Influential Post Nominee: Calling All Failures: Failing is a big part of social entrepreneurship. F*ckUp Nights wants you to talk about it
Though most new companies shut down, entrepreneurs rarely talk about their failures. This is counterproductive, especially in challenging sectors like social enterprise. That’s why F*ckUp Nights is building a movement to discuss and research business failure. This exclusive series with NextBillion will feature some of their top failure stories from would-be social entrepreneurs. And if your social business has failed, you’re welcome to add your story.
When Awards and Idealism Aren’t Enough: My social enterprise earned a ton of public acclaim – but it was missing something even more important
In her early 20s, Leticia Gasca launched a social enterprise to help some of Mexico’s poorest people. Powered by idealism and some promising early results, the company garnered both national and international acclaim. But behind the scenes, it was struggling with the harsh realities of doing business. Gasca shares the story in this frank post, the first in our series with F*ckUp Nights on failure in social enterprise.