Let’s be honest. Failure is never fun, nor is it something you can quickly and easily recover from. It turns into a blame game that, regardless of who ‘wins,’ everybody loses. Fights, arguments, and finger pointing become inevitable. However, should your business fail, all hope is not lost; you can always go back in business. According to an article from Inc.com, you have to take risks. They might occasionally fail, but you’re taking a bigger risk by not taking any risks at all. If you never take any risks, then you’re not going to learn or experience anything new, regardless of the outcome.
Risk taking is probably what got your business started in the first place, isn’t it? You probably had to invest a large amount of money just to be able to say “I have my own business.” Risk taking also has its rewards, and by learning from your mistakes, you can use them to reward yourself by avoiding additional failure that would otherwise become a bigger possibility.
However, like Bill Cosby once said, “I don’t know the key to success, but they key to failure is trying to please everyone.”
You can read more here in the article from Inc.com.