Some of the most successful entrepreneurs — the ones running multi billion-dollar corporations — have their experience to thank for their success, at least in part. In fact, most “successful” entrepreneurs have failed at least once in previous business endeavors.
It’s not surprising. Spending time as the leader of a business will introduce you to a host of new ideas, skills and resources. Over time, you’ll learn how to manage people better, you’ll understand how to make important decisions, and you’ll be introduced to new people and sources of knowledge to tap into as you see fit. You’ll also experience mistakes firsthand, so you’ll never make them again.
With enough experience, you can take even a passable business idea and flesh it out to become a thriving company.
