That isn’t a trick question. As a business owner your answer should be, “not too long ago!” Why should you be failing? If you’re not takingPicture1 any chances, you’re not pushing your business to higher levels of success. Take a chance on failure – it’s a growth experience!

What is holding your business back from more success? Could it be because you haven’t tried anything new? Haven’t introduced new services? Haven’t hired an employee who can help take on some of the tasks for which you’re not well suited so that you can focus on what only you can do? If you’ve answered yes to any of these questions, here are some steps you can take to embrace the potential for failure:

  • Understand that a fear of failure can also hold a business owner back from achieving success.
  • If you don’t fail, you won’t learn and might not grow. Remember when you were learning to walk? You fell down and got hurt; then you picked yourself back up and tried again. It’s the same in your business. Try!
  • Your competition might not be afraid of failure and could be introducing new products and services, “testing the market”.

Take action. Step out there and don’t be afraid to fail!

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