A failure doesn’t have to spell the end, though! One thing that all great entrepreneurs have in common is that they have failed multiple times – and they bounced back.
Take Sarah Blakely, founder of shapewear brand Spanx. She credits her business success specifically to her failures. “I’d get kicked out of buildings all day long,” she remembered. “People would rip up my business card in my face. It’s a humbling business to be in. But I knew I could sell and I knew I wanted to sell something I had created.” Spanx is now worth just over $1 billion – not bad for a company that Blakely started with just $5,000.
So, if something doesn’t work, try something new. Don’t give up, no matter how down on your luck you feel. As Thomas Edison once said, “Many of life’s failures are people who did not realize how close they were to success when they gave up.”
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