The importance of failure: 7 reasons why it makes us better entrepreneurs

Is failure really the mother of success? Is failure a good or a bad thing in business? Most people may answer that it is a “bad thing” because obviously, no one plans to fail, but sometimes, it takes failure to succeed. In this post, we look at 8 reasons why failure in business isn’t too […] The post The importance of failure: 7 reasons why it makes us better entrepreneurs appeared first on e27.


12 Jul, 2019E27.CO

The importance of failure: 7 reasons why it makes us better entrepreneurs

Is failure really the mother of success?

Is failure a good or a bad thing in business? Most people may answer that it is a “bad thing” because obviously, no one plans to fail, but sometimes, it takes failure to succeed. In this post, we look at 8 reasons why failure in business isn’t too bad after all.

Helps us appreciate the reality

Without failure, we are likely to become arrogant and think we have full knowledge of the world of business. It may even lead us to lose sight of the value of our customers, suppliers, government authorities, and many other business stakeholders. We can easily feel invincible to the extent that we fail to see the need for advertising, prudence in resource management, and even proper human resource management....

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