Subscribe to Entrepreneur for $5

Dealing With Failure

Failure is a reality in every business. How will you handle it?

Opinions expressed by Entrepreneur contributors are their own.

Ask yourself these questions:

  • How does your company handle failure? Is it punished immediately, tolerated or rewarded?
  • What can you do to promote successful failures within your firm? Is it possible to build it in as a performance measure?
  • Is there a forum within your company where failures can be diagnosed and discussed in a professional atmosphere?

Remember, even some of history's greatest innovators have made a lot of failures.

Excerpted from At Work With Thomas Edison: 10 Business Lessons From America's Greatest Innovator

Entrepreneur Editors' Picks