Being Prepared to Fail

When birds learn to fly, they jump out of the nest knowing that they could fly or fall. But they never know which one it will be, until they take that leap of faith.

This same uncertainty applies to testing out new business ideas in the real world. You will never really know if it’s going to succeed or fail – but planning for both outcomes will leave you feeling much more prepared to try.

Asking the right questions at the beginning of the venture can safeguard against failure to a point, but how do you recover financially, and emotionally, from a failed business idea? This course will show you how.

By the end of this course, you’ll be able to:

• Create an action plan to combat the early stages of failure
• Manage your expectations of success
• Outline techniques to deal with the emotional impact of failure

Why take this course?

Entrepreneurs and innovators everywhere can benefit from being prepared to fail. A failed business idea doesn’t mean the end of a career in business. When you can celebrate and learn from past failures, you’ll create a sure path to future successes.

10 mins | SCORM | Takeaway Tasks

Category: Entrepreneurship