Business Failure Can Lead to Success
I also know that business failure can lead to business success — if the right lessons are learned:
- P.T. Barnum filed for bankruptcy, and then he started his circus.
- John Henry Heinz’s company filed for bankruptcy in 1875. The next year he invented a nice little condiment %u2014 known as ketchup.
- Henry Ford’s first car company filed for bankruptcy, and his second car company failed. His third business was the Ford Motor Company.
- Donald Trump’s companies have filed bankruptcy not once, but twice.
So failure in one business, or even two businesses, does not necessarily mean that all subsequent businesses will fail. The key as I see it is perseverance, and that the right lessons be learned from the failure.
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