In a free market, profits incentivize and signal wealth creation. Losses show us that resources are being wasted and can be used in a valuable way elsewhere.
Being an entrepreneur requires more than vision. It requires action, and the courage to think differently, innovate, and persevere even in the face of failure.
Entrepreneurs can use the economic way of thinking to make better decisions. Learn about scarcity, opportunity cost, and the broken window fallacy.