Note: Kevin J. Ryan, staff writer at Inc., is stepping in for Brit while she is away from the computer today. Good morning, Statistics tell us that most founders will fail at some point–it’s a done deal. What’s most important is what happens next. It’s easy to blame your failure on market conditions that were out of your control, or on your customers’ inability to understand your revolutionary product. What’s hard–but worthwhile–is taking the time to figure out exactly what went wrong. That’s what helped Big Ass Fans founder Carey Smith grow his idea into a $500 million company. Check out Smith’s latest column on why taking responsibility for your failures reaps big benefits in the long term. |
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