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Can Failure Be Good?

Not when you take it for what it is, a failure. But if you apply the lessons you learn from one venture to a new and improved one, failure can be the best thing that ever happens to you.

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This story appears in the September 2001 issue of Entrepreneurs Start-Ups magazine.

You daydream about what you really want to do. You can't wait to talk to co-workers, friends, family or anyone who'll listen to you talk about your business idea. Thoughts of being the boss, setting your own hours and fulfilling your life's passion get you more pumped than anything else.

So what keeps you from taking the first step? For many aspiring entrepreneurs, it's the fear they might fail. The moment they're about to muster enough courage to launch out on their own, their minds race with thoughts like these:

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