Written by Harvard Business Review Blog
The most recent issue of Harvard Business Review on the management of failure reminds me of some important business lessons I learned long ago from one of my older brothers. A successful furniture designer and craftsman, he lost his entire business in a fire: then slowly rebuilt an even stronger one. Some of those same lessons surfaced again as I shared my own stories of failure and success on a recent long haul flight with a fellow entrepreneur. That conversation memorably began with my counterpart tossing back a scotch and soda then saying to me, “I remember when I lost my first million…”
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