Starting a Business

3 Stories on Bouncing Back From Failure

Failure happens to everyone, and it happens to entrepreneurs much, much more than most. Yet just as rain can lead to rainbows, mistakes can pave the way for valuable lessons that foster improvements. In fact, it’s possible to rebound from a mistake and become stronger than ever. (We’re looking at you, New Coke.)

If you’re wanting to learn the skills you need to handle failure, look no further. Brittany Hodak, co-founder of entertainment company ZinePak, recently spoke with three entrepreneurs featured in the Empact Showcase, an annual event this year held at the United Nations that celebrates young founders. These three entrepreneurs were also featured in Entrepreneur's "30 Startups to Watch" list this year.

Related: Young Millionaires: How These Entrepreneurs Under 30 Are Changing the World

In a roundtable discussion, the group shared their advice for making sure one misstep doesn’t become your downfall. As panelist Jesse Lear of V.I.P. Waste Services said, “You can royally screw something up, but it’s how you handle it that makes the difference.” Watch this short video to learn how Lear along with Jonathon Nostrant of ivee and Grace Ng of Javelin pushed past the misconceptions to find success. Learn from their mistakes to save yourself time.

Related: Richard Branson on Bouncing Back From Failure

Edition: October 2016

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