The very wise Rex Hammock recently pulled up something he wrote in 2000:
Even smart businesses managed by smart individuals and smart investors die. Businesses start and die every day. They always have. They always will. I am old enough – and have been fortunate enough – to have succeeded significantly and failed miserably and frankly, the failures have done more for me than the successes.
Rex has nailed why failure is an important topic. I agree. In fact, I have written a whole series on it, as part of my masterplan to define failure as a positive concept.
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Becky started Small Biz Survival in 2006 to share rural business and community building stories and ideas with other small town business people. She and her husband have a small cattle ranch and are lifelong entrepreneurs. Becky is an international speaker on small business and rural topics.