You can also visit the Company Doctor's web site. In the game of winners and losers, my columns usually emphasize what you can do to avoid becoming one of those majority of business failure statistics. However, all of us can learn from entrepreneurial failures.
Entrepreneurs are people who are driven to succeed with new ventures.
Then these people once again content themselves to work for someone else rather than risk another failure. When meticulous, driven entrepreneurs fail, they learn from their mistakes and come back even stronger the next time. Henry Ford started his motor car company three times, failing twice before he got it right. An entrepreneur who fails with a first business startup usually gains a wealth of vital business wisdom, including what personal business weaknesses need to be corrected. An entrepreneur who succeeds the first time may have been lucky and still suffers from weaknesses that keep the company from reaching its true potential.