What can we learn about business failures?
Obviously if we duplicate the same steps a business owner took that eventually set him or her up for a business disaster, than we can expect the same fate.
Understanding failure is just as important as understanding success. Sometimes the lessons we learn from failure can be more valuable.
When I am winning all the time, I don’t evaluate too deeply. When I am loosing, I take the time to examine why, and how to turn it around.
I have learned many of these lessons from life, but when there is a teacher that will guide me maybel I can avoid a few of the pitfalls!