You failed in your last business start-up. Excellent — play it up when you go out looking for funding in your next endeavor.
Shikhar Ghosh, an expert on entrepreneurship at Harvard Business School, points out that most new businesses fail–there is nothing unique about it, nothing to be ashamed of. You’re in good company, in fact: Steve Jobs screwed up NeXT. Also, say hello to once-fired failures Henry Ford, Walt Disney and Oprah Winfrey.
In fact, it can be an advantage, he tells HBS Working Knowledge. For one thing, running a doomed company provides the entrepreneur who is willing to learn some hard-earned lessons about what it takes to succeed the next time. A failed business also yields networking opportunities with VCs and relationships with other entrepreneurs whose companies are succeeding.
To read the full, original article click on this link: Failure is Great for the Entrepreneur's Resume | BNET
Author: Sean Silverthorne
