Importance of Entrepreneurial Failure
In this video, I outline the importance of failure to the entrepreneurial process.
In this video on the importance of entrepreneurial failure, I outline and explain why and how failure is vital to the entrepreneurial process. I discuss current statistics on entrepreneurial failure rates of new ventures. I talk about the experiences that entrepreneurs have when they fail and how this can impact their mental health. I talk about the experiences that my former entrepreneurship students have had around entrepreneurial failure. I talk about their fears. Using my entrepreneurship research academic experiences, I discuss the relationship between failure to entrepreneurial success. I outline the importance of failure to entrepreneurial success. I provide examples from my own work experience of the lessons that can be learned from failure. In particular, I share an example of a new market entry in the snack food business. I talk about this failure and what important lessons I gained from this failure. I share how this failure has helped me in my career. I further use data from my academic research on failure to the entrepreneurial process. In particular, I share the views of some of the most successful entrepreneurs in Canada on failure. These entrepreneurs involve for Dragons on the hit television program CBC's The Dragon's Den.
This Best Practice includes
Acquire business license for $10.00
Add to cart
Add to bookmarks