Every successful entrepreneur or CEO has dealt with failure at some point. It took Thomas Edison 10,000 attempts to perfect the light bulb, 36 publishers rejected Arianna Huffington and Milton Hershey had three candy-related ventures fail before he founded Hershey’s.
Whether you’re running a small startup or a Fortune 500 corporation, shifting your thinking to learn from failure is one of the hardest lessons for most business leaders but also one of the most essential for future success.
As Franklin D. Roosevelt once said, "A smooth sea never made a skilled sailor."
Learning from failure is a crucial skill that can lead to personal growth, resilience and improved decision-making. Here’s some advice for someone who wants to learn from failure.