Failure is a natural part of life, this goes for personal lives as well as business. A large amount of businesses fail because of capital management or lack of capital. They fail for many reasons, but the reason for this narrative is that you can not be afraid to fail in business. Many multimillionaires have filed bankruptcy before they get their successful business up and running. This idea sucks and I hope no one must go through that but if you are not willing to fail and rebuild from what you learned in the past, you may want to reconsider opening your own business. I don’t say that to sound condescending in any way but if you are afraid of failure and not willing to go all in emotionally which does include failure then perhaps you make stumble or not make the right move when you need to which can cost you dearly in the long run.

Next article

To SBA or Not SBA