Often businesses fail. If you’re a CEO you must accept the fact that at some point you may need to shut your company down, let your employees go and accept defeat. We have all heard the statistics that show that about half the companies won’t make it passed the five-year mark. For start-ups the percentage is much higher.

Related: 7 Reasons Your First Business Will Fail 

I started my first company after college and, like most young ambitious men, I was very optimistic and had my head filled with dreams of quick wealth and prosperity. When things started to turn sour, I panicked, refused the admit failure or see the reality. It was tough, then it was over.

I found myself unemployed, with a mild depression and very low self-esteem. For almost two years I was afraid to take any type of leadership...

Award-winning filmmaker Ken Burns is responsible for such genre-defining and genre- defying documentary series as The Civil War, Baseball, and Jazz, to name a few. As he and collaborator Lynn Novick prepare to debut their new 10-part documentary film series The Vietnam War on September 17 on PBS stations nationwide, we spoke with the tireless documentarian about leadership, productivity, managing gigantic projects and how to achieve immortality through storytelling.

Related: 7 Telltale Signs That You Have a Leader's Mindset

So you just finished this incredible documentary about Vietnam. Are you already

In this series, Leader Board, we speak with CEOs, managers, founders and others who lead organizations to learn what makes them tick, what they look for in new hires and even where they eat lunch.

Nancy Daniels started her career as an entry-level freelance production assistant, making copies and brewing coffee. Now, she's the president and general manager of TLC Network, the network behind popular shows such as Cake Boss, What Not to Wear and Sister Wives.

She’s the most senior female content executive across Discovery Communications, TLC's parent company, and she’s helped build a network that’s available in more than 325 million households today. Daniels manages 75 employees across departments such as programming, production and marketing.

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