Failure is when your business doesn't make any profit and you have to shut it down.Regardless of the industry, failure is the result of either the lack of management skills or lack of proper capitalization or both.Most fail due to lack of direction, poor planning, or poor leadership, even if the idea, product, or service is a winner.To truly succeed, you must fail. And you must fail a lot. We all know this, we have all heard this hundreds of times ... but failing is still incredibly emotionally difficult, hard to overcome, and daunting to confront.
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