Get All Access for $5/mo

'Failure Is Not Trying' and Other Fatherly Advice to Entrepreneurs Reflections from Sara Blakely, Pete Cashmore, and Bert Jacobs on what they remember most about their dad's influence.

By Teri Evans

Opinions expressed by Entrepreneur contributors are their own.

Father's Day can be a time to reflect on what for some may be the powerful relationship in our lives. Whether by conscious choice or recognized only in hindsight, a parent's words of wisdom can become a lifetime touchstone.

Consider these personal reflections from three fascinating entrepreneurs -- a tech wunderkind, a self-made woman billionaire, and a man who found a way to make optimism very profitable. Here, they pay homage to their dads.

Failure Is Not Trying and Other Fatherly Advice to Entrepreneurs

Pete Cashmore, founder of Mashable: "My dad is good at sticking with stuff and he has a strong work ethic, which is imbued in me. Growing up, he would constantly ask what I was doing and was I achieving anything. Now, he's the opposite. (Laughs) He's like, 'Oh, you should work less. It seems like you work the whole time.' I say, 'I do. Well, you told me!'"

More: Pete Cashmore on Persistence

Failure Is Not Trying and Other Fatherly Advice to Entrepreneurs

Sara Blakely, inventor and founder of Spanx: "My dad encouraged us to fail. Growing up, he would ask us what we failed at that week. If we didn't have something, he would be disappointed. It changed my mindset at an early age that failure is not the outcome, failure is not trying. Don't be afraid to fail."

More: Sara Blakely on Resilience

Failure Is Not Trying and Other Fatherly Advice to Entrepreneurs

Bert Jacobs, co-founder of Life is good: "If my dad contributed something big to what we do today, it was the idea that it's better to build something than to knock something. My dad didn't tolerate a lot of complaining and giving reasons why something wasn't going to work. He liked you to get your hands on something and try to help."

More: Life is good's Bert Jacobs on Optimism

How has your father influence your life or business? Share your personal reflections with other readers in the comments below.

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

Personal Finance

This Candlestick Trading Masterclass Can Help You Unlock Passive Income for Your Business

Learn what it takes to make smart investments in the stock market.

Fundraising

Will Investors Bite on a Pizza Wallet? Find Out on the Wild Season Finale of 'Elevator Pitch.'

On the season 12 finale of "Entrepreneur Elevator Pitch," contestants teach investors to look at ordinary things in a whole new way.

Franchise

These Are the Top New and Emerging Franchises of 2024 — And You Can Start One for Less Than $5,000

We evaluated new and emerging brands based on the same rigorous criteria used in the Franchise 500 process, analyzing more than 150 data points.

Business News

Barbara Corcoran Says the Best Entrepreneurs Are Good at This One Thing

Real estate entrepreneur and investor Barbara Corcoran says a few key traits prove effective when starting a business. Here's her top pick.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Side Hustle

At Age 15, He Used Facebook Marketplace to Start a Side Hustle — Then It Became Something Much Bigger: 'Raised Over $1.6 Million'

Dylan Zajac, now a 21-year-old senior at Babson College, wanted to bridge the digital divide.