To judge from old and misleading statistics across the internet, starting a business seems scarier than diving off a 100 ft. cliff.
Tagged: startup failure
As an entrepreneur who has rebounded from a failed business, I’ve come to learn that resilience is one of the most valuable attributes in any successful businessperson’s repertoire.
Nobody wants their story to include an “I lost a business,” chapter. And yet, it’s a part of mine. Over the years, rather than hide and pretend it didn’t happen, I’ve come to embrace and appreciate it. Without that experience I wouldn’t be a success today.
Even though I failed in a big way, I couldn’t be more grateful for these startup lessons because now I know how to approach my next business idea.
Once you understand when it’s time to pivot or close your doors entirely you can take those lessons and move forward to new ideas, with better prospects and experience under your belt.
When you master these things, you’re in a powerful position to succeed in life and business.
It definitely takes more than great ideas and ambition to build a successful business. It takes flawless execution and the right tools. Here’s a look at 7 areas you will need to improve in order to succeed.