Saturday, December 12, 2009

Failing and Future Success

Yesterday we briefly mentioned that leaders sometimes had failed many times before they finally figured it all out. Failure is a big part of success for many people. Not everyone can get it right the very first time they go out on their own. Business isn't a sure thing. You can't possibly foresee every challenge that you will face, and many have found that some of these challenges have been very detrimental to the success of that venture.

You can look in any web directory and find businesses in there that have entries still, but have probably failed during the last release of the new listings. Owning a place like a restaurant may sound enticing, but most restaurant owners know how to cook, but have absolutely no idea how to run a business. This is the same for many people that have great skills they can sell, but not the business background to keep it afloat. So...they fail, but it is what they learn in that failure that decides whether they are able to bounce back and be successful on their next effort.

There are a lot of success stories out there, but there are probably a lot more stories of failings. People that have overcome the failures they ahve had to become successful are always worth listening to in my opinion and here are a group of "failures" that made themselves a fortune.