Latest news with #Kasimov
Entrepreneur
06-05-2025
- Business
- Entrepreneur
Why Failure is Your Best Mentor: Unconventional Wisdom from this Entrepreneur
According to 2024-2025 data, approximately 21.5 percent of businesses fail in their first year, climbing to nearly 50 percent by year five. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media. Business success stories flood bookstore shelves, but tech entrepreneur and angel investor Furkat Kasimov argues that failure, not triumph, provides the most valuable lessons. His recently published book "Don't Do This: A Guide to Business Survival" flips conventional wisdom upside down by examining nearly 150 real-world business failures. Startling statistics show that up to 90 percent of startups ultimately fail. Kasimov's perspective offers a refreshing alternative to typical business advice. The book arrives at a critical moment when economic uncertainties and technological disruptions test even the most promising ventures. Learning from the Disasters of Others Kasimov opens his book with a powerful quote from Alibaba founder Jack Ma: "If you want to be successful, learn from other people's mistakes, do not learn from the successful stories." This philosophy anchors the entire work, challenging readers to examine failure as their most influential teacher. Rather than trying to duplicate success stories, often omitting the messy reality of building businesses, he urges entrepreneurs to study what went wrong for others. The straightforward guide dissects financial disasters, leadership failures, and marketing catastrophes that demolish solid business plans. Written for entrepreneurs who barely have time to eat lunch, let alone wade through 300 pages of business theory, the book provides practical solutions to common pitfalls. Kasimov's background at where he rose to VP of Digital Marketing before co-founding gives him firsthand experience with success and failure. The Cold, Hard Numbers The statistics backing Kasimov's focus on failure prevention are sobering. According to 2024-2025 data, approximately 21.5 percent of businesses fail in their first year, climbing to nearly 50 percent by year five. Why do so many businesses fail? Research shows that 82 percent of failed small businesses experienced cash flow problems, while 42 percent discovered no market demand for their products or services. Nearly a quarter (23 percent) of small businesses fail because they lack the right team. These failure patterns repeat across industries and decades, making Kasimov's preventative wisdom particularly valuable. His book tackles these exact issues, providing concrete steps for avoiding these common traps. A Game Plan for When Things Go Sideways "Knowing what can go wrong is not enough. You need a game plan for when things go sideways," Kasimov says. This practicality distinguishes his work from theoretical business guides. For example, when addressing cash flow management, cited as a primary reason for 82 percent of business failures, he doesn't just highlight the problem. Still, he offers concrete steps like implementing robust cash flow management tools and maintaining six-month financial forecasts. His guidance on technological adaptation proves particularly relevant as businesses navigate rapid changes. On the topic of artificial intelligence, he notes that "AI is creating opportunities while making certain traditional business approaches obsolete." The book includes specific examples of businesses that failed to adapt alongside those that successfully integrated new technologies. With projections showing the Business Process as a Service market reaching $98.3 billion by 2030 at a CAGR of 10.60 percent, technology adoption represents both an opportunity and potential pitfall for businesses through this decade. Kasimov's advice on employee development illustrates his practical orientation: "Create professional development programs. Offer training, mentorship, and clear career growth opportunities." This multi-faceted solution addresses the 23 percent of businesses that fail due to inadequate teams. What Fails Teaches Faster Than What Succeeds The power of "Don't Do This: A Guide to Business Survival" lies in its reversal of traditional business guidance. While most business literature celebrates exceptional success stories that few can replicate, Kasimov's work illuminates the common, preventable mistakes that sink promising ventures. His brutally honest collection of business failures serves as a confidant in book form for entrepreneurs navigating uncertainty. For business owners waking at 3 a.m. in a panic about yesterday's decisions, Kasimov's message resonates: entrepreneurs do not need to make mistakes themselves when others have already made them. In a business world where failure remains the most likely outcome, this unconventional wisdom might be the difference between becoming another statistic and beating the odds.
Associated Press
14-04-2025
- Entertainment
- Associated Press
.ART ANNOUNCES 2024 AND 2025 KASIMOV ART THERAPY FELLOWSHIP RECIPIENTS
'We believe that art has the power to transform lives. Through this Fellowship, we are proud to support students whose careers will bring creative healing to people and communities in need.'— Ulvi Kasimov, .ART Founder & CEO WASHINGTON, DC, DC, UNITED STATES, April 14, 2025 / / -- In celebration of the upcoming World Art Day, .ART Registry is proud to announce the 2025 recipients of the Kasimov Art Therapy Fellowship—an award established to support the next generation of art therapists through financial and community-based support. The Annual Fellowship Award is part of .ART's ongoing 'Healing Power of Art Initiative,' launched by founder and CEO Mr. Kasimov and his wife, Mrs. Kasimov. Inspired by their daughter Medina, who was born with health challenges that limit her verbal communication, the initiative celebrates art as a vital form of expression, healing, and connection. Medina found her voice through her art —and now, through this graduate fellowship, the Kasimovs and .ART are helping others access the tools to bring the healing power of art into the world. Endowed through a $1 million gift to The George Washington University's renowned Art Therapy Program, the Kasimov Fellowship reduces the financial burden on students pursuing careers at the intersection of art and mental health—fields that demand rigorous study and extensive internships, yet often lead to lower-paying roles in the nonprofit and public sectors. The 2025 .ART Kasimov Awardees are: Christian De Jesus – a Puerto Rican student art therapist whose work integrates creative expression and advocacy to promote healing. Karina Monroy – a California-born mixed media artist and student art therapist whose work honors feminine ancestry and explores collective healing through creativity and cultural connection. The 2024 Kasimov Awardees are: Bethany Eddleman – an artist, art therapist, and educator from North Carolina-committed to advocacy and inclusive, community-centered care for children, adolescents, families, and diverse populations. Chengjiaoyang Xue – an art therapist from China devoted to advancing mental health awareness and art therapy accessibility across cultures. 'We believe that art has the power to transform lives,' said Mr. Kasimov. 'Through this Fellowship, we are proud to support students whose careers will bring creative healing to people and communities in need.' With World Art Day upon us on April 15, this is the perfect time to honor the fellowship recipients and continue the conversation around creativity as care. As part of the celebration, .ART will host a live webinar on April 17, 2025, inviting the public to explore how art is being used as a tool for healing across borders, cultures, and disciplines. Join us as we celebrate World Art Day and the artists, therapists, and visionaries shaping a more compassionate future through creativity. 👉 Register for the webinar here. About .ART Registry Launched in 2016 through an exclusive agreement with UK Creative Ideas Ltd and ICANN, .ART began as a pioneering domain registry and is evolving its mission to become the definitive digital archive for all art and cultural objects. With over 581,384 domains registered in 170+ countries, .ART serves a diverse community of creatives, artists, museums, businesses, and brands passionate about the arts. Setting the standard for digital identity in the art world, .ART offers cutting-edge registry infrastructure built on the reliability and stability of current internet technologies while also leveraging Web3 and Blockchain innovations. Utilizing its patented 'Digital Twin' process, the new platform offers credentialing and a suite of services that empower creatives to digitize, promote, and monetize any object—be it physical or digital. and the acquisition of HUG in late 2024 establishes .ART Registry as a leading online gallery for artistic talent. Operating from international offices in London, Beijing, Los Angeles, and Washington D.C., and supported by a robust network of global Ambassadors, .ART is steadfast in its commitment to merge technology and art on a global scale. A portion of .ART's revenue actively supports philanthropic initiatives, including the Healing Power of Art Initiative, to promote the therapeutic benefits of art. Learn more at Register .ART domains at or any domain name registrar such as GoDaddy, Namecheap, and others. Jeff Sass, CMO .ART Registry +1 970-367-7277 [email protected] Visit us on social media: Facebook X LinkedIn Instagram YouTube TikTok Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
