The United States, SBA, Small Business Administration, states that more than half of small businesses fail during the initial five years in service. However, failed entrepreneurial pursuits are as vital as successful ones. One trade that thrives on failure is the technology industry. There’s hardly anyone over the age of 25 who is not familiar with the late Steve Jobs, the founder of Apple Computers. He was the perfect example of courage in failure. In his first attempt at a mobile gadget, it failed. In fact, it failed pretty badly and he was thrown out of the company. Nonetheless, he is one of the greatest comeback stories of all time.”
Unfortunately, failure in entrepreneurial activity is frowned upon. During Steve Job’s attempts at success in the 70s, failure was par for the course. Markets are certainly sought-after not because they are “failure proof.” It’s because they offer a procedure for gaining from mistakes along with the inducement to correct them. Entrepreneurs have to be crafty. They are not only good at getting things right, they, like the rest of us, can understand when they have it wrong and work on correcting their mistakes.
Debra Jenkins | Addicted2Success.com
As it turns out, successful entrepreneurs use failure as a catapult to Plan B which is always better because it rides the waves of learning that Plan A lacked. That’s how an intentional future becomes more possible.