Don’t stay in denial, or blame others—learn from the tough times these entrepreneurs experienced when their startups fell flat.
Choosing to leave behind the regular paycheck and benefits to build a
venture from the ground up is a huge risk.
It’s risky because it’s hard work, there are no guarantees, and 95% of startups fail, based on research by Shikhar Ghosh, a senior lecturer at Harvard Business School.
With the odds against you, entrepreneurs feel like they’re literally pushing against the tides every day so when companies fail, the price, which can include financial ruin, utter embarrassment, and even mental collapse, is a hefty one for the founders.
We spoke to four entrepreneurs to explore what they learned from this mourning and accepting period, how they picked themselves up and moved on to become the success stories they are today: