Despite best efforts, sometimes the business fails. We may run out of cash, or the market demand is just too weak to support the business. Here are quotes from successful entrepreneurs and authors — who themselves have experienced failures — on business failures and rising up again:
The point is, you can’t keep doing the same thing and expect it to keep working. We had to do something different, but the really hard question was, What is it? We made plenty of mistakes along the way to answering that question, but the most important thing we identified was that we needed to know more about our customers and what problems they were really trying to solve in their businesses–even if they didn’t neatly fit into an existing category of ours.
I always feel that failure is nothing more than life’s way of nudging you and letting you know you’re off course.
Failure is a prerequisite for great success. If you want to succeed faster, double your rate of failure.
The line between failure and success is so fine, that we are often on the line and do not know it.
Even if you fail at your ambitious thing, it’s very hard to fail completely.
Read the following articles on business failure:
- Don’t Let Adversity or Failure Defeat You
- How to Deal with Business Failure
- 4 Common Causes of Business Failure
- Benefiting from Failure: 10 Ways Business Failure is Vital to Success
- How to Avoid Business Failure & Increase Sales in a Lagging Economy
- Billion Dollar Lessons: What You Can Learn from the Most Inexcusable Business Failures of the Last 25 Ye ars
- The Ten Commandments for Business Failure
- A Guide to Business Failure
- Finding Success in Failure: True Confessions From 10 Years of Startup Mistakes (The Craftsman Founder’s Guide Book 2)
- How I Raised Myself From Failure