One of the best learning tools in business is failure. No one wants their business to fail, but the true test of your entrepreneurial spirit is whether you can pick up the pieces, learn the lessons, and move on. That’s a topic discovered by the Intuit Small Business Blog late last week.
Here are some ways they suggest you can learn those lessons when you experience a setback in business:
- Relish the freedom. Failure brings pain, but it also brings newfound flexibility. Use that to move forward.
- Learn new skills. Identify where you failed – whether it was in marketing, sales, accounting, or another area – and shore up those weaknesses.
- Finish up strong. Keep your clients happy right up until the end.