Wednesday, July 8, 2009

Failing to Deal

When his father's small business closed its doors after many years, Dean Shepherd was devastated.

But that was nothing compared to how his father felt, Shepherd says in this week's Smart Answers podcast.

With so many small businesses shutting down these days, it's important to find coping skills for failure, Shepherd says.

Many entrepreneurs must have learned that lesson. I remember several years ago coming across a study that showed that the most successful entrepreneurs have failed early on in their careers and come back to try again, getting it right the second - or third - time.

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