📺 Stream EntrepreneurTV for Free 📺

Failure Isn't Fatal: What You Can Learn From Hard Times and How You Can Find a Creative Solution When facing the entrepreneur's struggle, remind yourself that you can turn things around with resilience and luck.

By MaRS Discovery District

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Mars Discovery District talks with Randy Cass about one of his most challenging moments as a fintech entrepreneur.

The fintech executive has been in financial services for over 20 years. He founded Nest Wealth, a wealth management software that started out as a way for his friends and family to manage their money and eventually evolved into its own business in order to meet an industry need.

Cass explains how, when a competitor undertook a huge step that created a divide between the companies, it helped make Nest Wealth's purpose more distinct. He also breaks down the lessons he's learned from hard times.

Click the video to hear more.

Related: What Are Some of the Ethical Concerns of Artificial Intelligence?

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Click here to become a part of this growing video network.

MaRS Discovery District is the world’s largest urban innovation hub. Located in the heart of Toronto, MaRS supports impact-driven startups tackling key societal challenges in the health, cleantech, fintech and enterprise sectors.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from MaRS Discovery District

This Entrepreneur Didn't Pay Himself a Salary for 5 Years After He Started His Business

How This Founder Sold Investors on Her Company's Unconventional Technology

How Tech-Infused Clothing Has the Potential to Improve Personal Health

How 3 Words Helped Change This Man's Career

Editor's Pick

Leadership

Top Career Motivations of Gen Z and Reasons They Choose an Employer

By understanding Gen Z's career motivations and aligning with the reasons they select an employer, companies can create workplaces that inspire and retain Gen Z talent.

Business News

These 4 Words Make It Obvious You Used AI to Write a Paper, According to New Research

Scientists are increasingly using ChatGPT and other AI bots to write studies.

Growing a Business

7 Practical Tips for Running Multiple Businesses Successfully

Thinking of starting additional businesses alongside your existing ventures? Learn some practical tips for successfully juggling multiple companies from this insightful blog post.

Franchise

How to Protect Your Business If the Expanded Joint Employer Rule Comes Back: 'This Is Going to End Up at the Supreme Court'

Although the expanded Joint Employer Rule appears to be dead, it could still be legally resurrected. Here's how to protect your business.

Business Plans

Key Financial Metrics Every Founder Should Know About

Getting a handle on your startup's finances is essential for any new business owner.