The most typical stereotype statement we hear is “DON’T FAIL”…
But what we actually fail to understand is that failure is an asset. It might come with a liability of disappointment but builds the hunger to grow. Entrepreneurs are born with the nature of curiosity. Their curiosity to experiment with their venture, try dynamic environment might prove “Curiosity killed the cat” appropriate. But every entrepreneur get his hands burned time to time.
Failure should not be confused with quitting.
Without a doubt, the first entrepreneurial failure will always be most painful and regretful. Much like heartbreak, however, the process of recovering from failure gets easier with each subsequent failure and each teaches you something new as you evolve as an entrepreneur. While nobody should aspire to fail continually, understanding that you can and will survive only makes you a more effective and confidence entrepreneur.
Fear of failure is a valid fear and shared by many. If we embrace it, understand it, and allow it to motivate us, one will find that fear of failure is something that will make you a better entrepreneur. Some failures are true learning opportunities that give birth to a disciplined innovation and experimentation process; others are the outcomes of very poor decision making. We need to understand that failure can never be avoided. To grow and taste success one should first fight their fear of failing and discover the ladder of success from each hurdle.