Failure is such a common word when people talk about entrepreneurship. We hear things like, fail fast or fail often. It’s a known thing, all business don’t succeed. Things happen that are out of the entrepreneurs control. A good idea doesn’t work out because of an outside force or situation. Or a business fails because it was a bad idea from the beginning. Maybe it was a good idea but it was poorly executed. Whatever the matter, some businesses fail.
As an entrepreneur I am well aware that failure is part of business. But a lot of entrepreneurs think like I have, that failure is something that happens with other people’s businesses. Sometimes, as hard as it might be, failure is the best option, or the only option. I have operated in situations with the attitude that failure is not an option and in the long run it was a mistake. In those situations I believe that if I would have allowed myself to fail I would have been able to pivot and get back on track a lot sooner than I had by trying to keep something going that should have failed sooner.
The most important part of failure is the lessons learned. I hope that the future will show that I have learned from my mistakes and moving forward can be a better entrepreneur because of it.