To fail forward is part of the journey when entering the space of entrepreneurship. If you fail, and for sure you will do, to fail forward is the path to go. If you fail and do it wrong, you will throw in the towel and give up.
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In a nutshell, people who fail the wrong way spend energy figuring out what's not working. Can you see the problem? No way forward but to analyze in detail what's not working. Successful people focus on what's working and spend most of their time on this.
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Many of my followers are entrepreneurs who are doing business online, are planning to start an online business, or have tried doing business, failed, and gave up. The truth that we all need to be aware of as entrepreneurs is that you'll fail at some point on your entrepreneurial journey.
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You could have launched the wrong product or service or missed targeting your potential customers properly. Convinced that you were on the right track, you spent a lot of money on something that didn't take off because you were missing the vital research before launching the product.
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It all seems to be a mess, and you are ready to give up and throw in the towel. But…
STOP!
This is not the end of the world. It could be the prelude to your real start as an entrepreneur. Until you fail the first time, almost everyone trying to do business online believes that this is an easy and uncomplicated way of earning tons of money. And when the first failure is a fact, it's like an unexpected ice-cold shower.