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15 2011

Fail Often, Fail Fast, Fail Cheap

Syndicated from: Business in Motion: Insights from Business Leaders

That's powerful advice from Jim Estill. He is a successful entrepreneur who build his business from nothing to annual revenue of over $300 million. He then sold the business - like a smart entrepreneur.I have shared the stage with Jim as presenters and expert panelists. Jim has much wisdom to offer. Of all the advice I've gathered from him this one resonates with me the most."Fail often, fail fast, fail cheap." - Jim EstillJust imagine how "the fear of failing" can halt success. Instead, Jim suggests that we accept failures as necessary to growth.Jim Estill discusses each point in more detail in this article.For Better Innovation - Fail Often, Fail Fast, Fail Cheapby Jim EstillCompanies need to be encouraging of failure. Too often people are disciplined for trying things that do not work. I advocate the opposite. Praise those who try - even if they fail.Read the rest of this article at For Better Innovation - Fail Often, Fail Fast, Fail CheapThis line in the article particulaily jumped out at me."Having failures does not make you a failure. Not trying makes you a failure." George TorokHost of Business in Motiona2a_linkname="Business in Motion";a2a_linkurl="";Business in Motion Weekly radio show Host: George Torok

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