At last night’s Mobile Monday Sydney, I was a chatting to a serial entrepreneur about business success and failure.
One thing we both commented on was just how important failure has been in the process.
The main thing we’d both taken from the stress and heartache of being in a failing business you learn who your real friends are and how they can be trusted in a crisis.
Some of your friends turn out to be totally rock solid while others go to water. A few surprise you with unexpected talent and genius while some disappoint you at critical moments.
Whatever happens, it’s a great test that help you select the right people for future ventures.
I have to admit it must be nice to hit a home run on your first business venture and be lauded as a genius for the rest of your life, but for most of us mortals failure is part of the learning process and often it’s a painful but essential lesson.