Failure…, or more precisely, recognizing and learning from failure is indispensable as an entrepreneur. The goal is to recognize and learn when your course is off track more quickly, forgoing much expense on a failed course.
Hence this mantra…
And you will be closer to a viable MVP than without any failure. For when we succeed, we frequently attribute the wrong reasons for success. Failure is so pronounced, revealing, and helpful in determining what works and why. So don’t fear failure, rather fear not getting up each time to do a better job.
As a business coach, I enjoy reading about post-failure analysis, and the write-ups on why projects and enterprises failed, so that I can learn from others mistakes, and hopefully not have to repeat the same mistakes myself. There are great books and resources on avoiding project management and business failures. Here are a few that I have enjoyed reading.
Analysis of Project Management Failures
Analysis of Software Coding Failures
Single point of failure in supply chain debacles
Colossal Control Failures