Tag Archives: Failure

5 Businesses That Almost Failed and Showed Us Why It Pays to Keep Going

No matter how good or promising your business idea is, there will be times as an entrepreneur that you’ll question whether or not your company will ever be a success. Those overnight, rags-to-riches stories of explosive popularity for a lucky few have permeated our collective startup culture, leading young and inexperienced entrepreneurs to see those stories as a typical trajectory for businesses.

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Five Ways To Make Failure Your Best Competitive Advantage

A few weeks ago I wrote about Why Failure Is The Best Competitive Advantage. We have long been taught to avoid and run from failure but a big part of the future of work is embracing failure because ultimately this is what leads to innovation. The benefits of doing so: increases innovation, improves engagement, removes inefficiencies, and provides valuable learning opportunities. In part one of this post I talked about the “why” and today I want to talk about the “how.” That is, how can organizations go about making failure a powerful competitive advantage. There are a few things companies can do.

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