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A Special Guide to Growing Stronger, Feeling Better and Bouncing Back After Failure It's not the mistake that matters, but how you bounce back.

By Entrepreneur Staff

This story appears in the November 2016 issue of Entrepreneur. Subscribe »

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Entrepreneurship is no walk in the park.

The mistakes leaders make can have personal impact. Take it from the founder of Renoun, a startup specializing in professional skis. Circumstance forced him to ask his friends to give up their stakes in the company they shared -- clearly a difficult, complicated decision.

Other setbacks can change an entire company. Tracy Lawrence of catering startup Chewse learned the hard way how one toxic employee can impact a company's entire culture, long after they're gone.