Recognizing that your business might fail, keeps you on your toes. Acknowledging the possibility of failure prevents you from being complacent. Knowing that at any point your business venture could take a wrong turn, keeps you from resting on your awards and vanity metrics. This means you will strive harder, every day. No matter what you do, never became too self-satisfied. Remember it takes years to build a company, and that one simple mistake can bring it all back to nothing. So, never lose sight of that. It’s important to stay focused and hungry.
No one wants to face failure, but even the most successful entrepreneurs experience their fair share of it. It’s simply part of the game. And, who knows? It could even serve as the foundation for something far bigger and better.