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4 reasons why failure is the key to startup success

Failure and business success are intertwined. Seasoned entrepreneurs know this pivotal truth. But most visionary founders don’t and so they may make the false assumption that the game is over before they have even began. So how should you handle a screw up or miscalculation with the finesse of Gates, Zuckerberg, Musk or Branson? Read these tips to learn more. 1. Take Action Fear of success is the brother of fear of failure. They both hinder the aspiring entrepreneur’s brilliant thinking. Instead of making a gizmo and entering the market, he becomes obsessed with reinventing the wheel. Another startup guru enters the market with his idea. To get over fear of failure, try imagining a worst-case scenario. Picture the obstacle and dealing with it effectively. Then move forward confident in your success. Takeaway – Just do it. 2. Address Mistakes in Realtime Thomas Edison said, “I have not failed. I’ve just found 10,000 ways that won’t work.” Mistakes are inevitable. Most entrepreneurs start their business thinking that their meticulous planning is a guarantee of smooth sailing. So, when issues happen, they tend to hope they will go away miraculously. But they don’t. They’ve only gotten bigger with dire consequences. When […]

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4 reasons why failure is the key to startup success

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