{"id":6623,"date":"2018-01-04T14:09:08","date_gmt":"2018-01-04T14:09:08","guid":{"rendered":"https:\/\/liquidcapitalcorp.com\/?p=6623"},"modified":"2019-01-08T21:49:11","modified_gmt":"2019-01-08T21:49:11","slug":"business-failure-makes-you-successful","status":"publish","type":"post","link":"https:\/\/liquidcapitalcorp.com\/es\/blog\/biz-tips\/business-failure-makes-you-successful\/","title":{"rendered":"Can business failure make you successful?"},"content":{"rendered":"

\"Business<\/p>\n

No one enjoys failing. When you\u2019ve poured your heart and soul into an effort that crashes and burns, the pain can be excruciating. Yet business failure is a part of running a company at one point or another. So, should you find yourself down and out, focus on the upside. It will help you get back on track quickly, and with newfound strength.<\/p>\n

Here are five reasons to dust yourself off and considering any failure a blessing in disguise.<\/p>\n

1. It’s an education<\/strong><\/h2>\n

Thomas Edison made 1,000 attempts at the light bulb before succeeding. You could say he had 1,000 failures, but with each attempt he learned something more. Following a \u201cfailure,\u201d you\u2019re better educated, better experienced and, hopefully, a bit wiser.<\/p>\n

The same mindset can be seen in modern business, with much success. For example, at NerdWallet, a company offering tools and advice for managing personal financial decisions, failure is celebrated publicly on the \u201cFail Wall,\u201d a space covered with Post-it notes memorializing the lessons learned.<\/p>\n

Related:\u00a0Even out the ups and downs of running your business.<\/a><\/em><\/p><\/blockquote>\n

2. It can improve investment opportunities<\/h2>\n

In Entrepreneur.com\u2019s\u00a0Celebrating Failure<\/a>\u00a0article, Jake Gibson notes one big reason to rejoice: \u201cMany founders of failed companies find it easier to raise money for their second company because investors know they are buying experience and the lessons learned from those failed endeavors.\u201d<\/p>\n

Conducting a thorough post-mortem is on many a business guru\u2019s short list of things to do following a setback. Collect all the insights and data you can. Learn where the missteps occurred \u2014 and how they can be avoided the next time.<\/p>\n

3. It\u2019s a bonding experience<\/strong><\/h2>\n

When we fail, we often do it in the company of partners, colleagues and employees. They are all affected, and may suffer as much as we do.\u00a0Let these people know that you value them and care about them.\u00a0Don\u2019t engage in blaming or any other form of divisiveness.<\/p>\n

Focus on moving forward as a team. The shared experience can be transformative, providing for you to emerge from the setback as a stronger, more committed organization.\u00a0<\/strong><\/p>\n

4. It provides a determined focus<\/strong><\/h2>\n

Jodi Goldstein,\u00a0managing director of the\u00a0Harvard Innovation Labs<\/a>, is one of many experts advising that you not dwell on the past as you pick up the pieces following a failure.<\/p>\n

\u201cDon\u2019t waste energy by constantly thinking about how you could have avoided the situation that you\u2019re currently in. If you decide to continue with the venture, this means working to maintain high levels of morale amongst your team, celebrating each win that you achieve as you battle your way back into business.<\/p>\n

\u00abIf you ultimately decide that you cannot, or don\u2019t want to continue with your startup, it means taking the lessons that you learned to whatever you might do next, while not dwelling on what could have been.\u201d<\/p>\n

5. It’s never the end<\/h2>\n

Finally, remember that whenever you fail, you\u2019re in good company. The most successful people on the planet have all been failures at one time or another. Consider your low point as merely the prologue to your next chapter.<\/p>\n

 <\/p>\n

Up next:\u00a0Do you have the ultimate entrepreneur mindset?<\/a><\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

No one enjoys failing. When you\u2019ve poured your heart and soul into an effort that crashes and burns, the pain can be excruciating. Yet business failure is a part of running a company at one point or another. So, should you find yourself down and out, focus on the upside. It will help you get […]<\/p>\n","protected":false},"author":2,"featured_media":6625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[148],"tags":[],"class_list":["post-6623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biz-tips"],"yoast_head":"\nCan business failure make you successful? - Liquid Capital<\/title>\n<meta name=\"description\" content=\"What? Business failure can catapult my business growth!? 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