Business Mistakes and Failures

In: Business and Management

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Business Mistakes and Failures
Tynesha Walker

December 19, 2012

Business Mistakes and Failures
“Nobody cleared a path for themselves by giving up” stated Alacia Bessette (2010) .How do entrepreneurs and small business owners learn from their mistakes and failure? There are many ways they learn from their mistakes and failure. Everyone makes mistake but, mistakes are made to be learned from to better you in the future. There are mistakes like scheming over your business plan, putting too much money into it, and ignoring strong criticism. There are also many steps to rebound from your failure such as rebounding from failure and learning from setbacks, so let me explain. “The failure of an entrepreneur means the social death of the individual—not to speak of the consequences for his/her creditors, contractual partners, workers, employees, and his/her family”. (Roethe, T. 2012).When failure comes along it is heartache, but it is also one mistake you will learn from. After making a mistake business owners will get the idea of the things he or she need to do to become more successful and not make the same mistake again. Business owners must learn to accept their failures, understand why the mistake happened, and learn how to keep it from happening again. Many small business owners may be tempted to drain themselves dry when it comes to financing their business and much more. Failure of any kind can be a setback for entrepreneurs, but it doesn't have to spell disaster (Bartmann, B 2010). Despite anyone’s failure you should be able to pick up your pieces and come through it all with a strong imagination that you can be successful and continue your business. The only way to survive in the business world is to move on from the past and focus on your future. There are five steps that can help you rebound from failure 1.Dont pretend it never happened 2.Dont make…...

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