After long years of studying the biographies of the most successful entrepreneurs in history, we can corroborate that failure has been part of the success of these people, since at some point in their lives they suffered at least one crisis, be it economic, emotional or family, which can range from the loss of a job, marital or sentimental separation, the loss of a loved one to suffering wars or ravages of natural disasters.
There has been no successful entrepreneur who has not gone through a crisis that led him to failure, but the secret of each success case lies in the way the entrepreneur assimilated his failure.
The mental agility that each one had to react to the crisis was undoubtedly the determining factor to recognize the problem they were in, identify their current situation at that time of crisis and establish mechanisms to overcome it or, in turn, take new business directions.
Carlos Alberto Madrazo said: "I know two types of people, those who have succeeded and those who have never failed, those who have never failed, have never tried anything."
Failure can often become indispensable on the path of training an entrepreneur.
The presence of failure in an undertaking does not mean that the person is a bad entrepreneur, a person who has suffered a business failure, surely he must have learned a great lesson that in the future will prevent him from making the same mistakes in his new projects.
For entrepreneurs it is vitally important to learn what must be done to do it well, as well as having clear ideas of what NOT to do, and the latter is only learned by failing.
An entrepreneur who has several failures among his background, learns a lot from his mistakes, and in addition to this he gains something very valuable, "experience" to be able to get ahead at times when he has to work under pressure and in situations where the market forces For ventures to enter difficult terrain, you will be able to face these situations calmly and wisely due to the experience gained from your previous failures.
Suffering a failure in business life is not the end of the world, in fact it is the path marked for the start of a new one, a new venture, a new path built on stronger foundations, with greater experience and less likely to repeat the same mistakes.
Entrepreneurships will never be free of problems since these are inevitable in the business world, what's more, it is one of the reasons for their existence, we created a company to solve the problems of others. Therefore we must learn from our mistakes to take advantage of previous failures and not to commit them again, I dare say that to some extent failures are necessary and even enriching.
