President Barack Obama has stood watch over the greatest job loss in modern American history. And that my friends is one inconvenient truth that will haunt this President throughout history.

The attributes for entrepreneurs cut both ways. You need the ability to ignore inconvenient facts and see the world as it should be and not as it is. This inspires people to take huge leaps of faith. But this blindness to facts can be a liability too. The characteristics that help entrepreneurs succeed can also lead to their failure.