Tuesday, July 11, 2006

How Failure Breeds Success

Below is an interesting article by Jena McGregor for Businessweek online. Although she's giving examples in the corporate sector, the information and insights are applicable to your family business as well.  As a family you'll need to take some risks and try some things to see if they'll work for you or not.

Here's a quote from the article.  I hope you enjoy it!

...But intelligent failures—those that happen early and inexpensively and that contribute new insights about your customers—should be more than just tolerable. They should be encouraged. "Figuring out how to master this process of failing fast and failing cheap and fumbling toward success is probably the most important thing companies have to get good at," says Scott Anthony, the managing director at consulting firm Innosight.

How Failure Breeds Success



How Failure Breeds Success



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