What do you do if your business fails? For many people the collapse of a business is felt with the sadness of losing a relative, mixed with the shame of failure.
Often there’s too much distress to consider starting up again.
Yet we know that most successful business people have at least one failed business behind them. It’s all part of the learning curve. Professor Dean Shepherd from the Kelley School of Business at Indiana University says the key is to ensure you don’t dwell on the past and get on with the task at hand. In the end it will make you street savvy and able to succeed. He points to research scientists, whose tests usually fail: it’s all part of the process they follow to arrive at the ultimate outcome. There are disappointments along the way but the endgame is what counts.
In today’s BTalk, he explains how the oscillation restoration technique helps you move on from failure.
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Top 40 Business Tips #2: Innovate
To be successful in business you need to innovate. Is that a bit harder in Australia, where there’s less hunger and too easy a lifestyle?
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The inefficiency of inequality
A big divide between low and high wage earners isn’t just bad news for those on low incomes – everyone loses.
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Eating out (in the cold) and Biden’s World Tax Plans
ow will the restaurant industry cope with the return of phased return of diners. I ask Patrick Hooykaas from The Fork @BookTable. Plus Joe Biden’s plans for a global tax. Are we ready for that?
