Business and bankruptcy lawyers like Evan Granowitz of CA understand that while failure creates a myriad of emotional and practical damage to businessmen, it offers a leeway for success. Failure, although damaging, opens opportunities to spot the wrongs and stresses the issues that businessmen need to work on, validating the old adage: “Every cloud has a silver lining.” With this being said, the following are some practical tips on how failure in business can teach for success:
• Failure is a stepping stone to success. Economist and journalist Tim Harford argues in his book “Adapt: Why Success Always Starts with Failure” that failure is a necessary stage in success. He adds that experimentation and risk-taking are more effective than an advanced grand plan.
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| Evan Granowitz. Image Credit: Getfreedebtadvicenow.com |
Wolf Group L.A. lawyer Evan Granowitz of CA has a special interest on practice areas like bankruptcy, business torts, and unfair competition.
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| Evan Granowitz. Image Credit: Raisesbm.com |
• Failure is not always equal to something negative. It is natural to assume that failure happens due to mismanagement or negligence. However, most of the time, failure also reflects strengths rather than weaknesses. For example, when a well-planned business concept falls short, it opens up the chance for a keener strategy to reprogram rather than totally repair.
• Failure broadens one’s way of thinking. When something’s wrong, there’s always the possibility of considering various solutions not only to the problem at hand but also to problems that are yet to crop up.
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| Evan Granowitz. Image Credit: Wolfgroupla.com |
Know more about Evan Granowitz of CA by following this Twitter account.
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