3 Things You Should Know About Small Business: April 20
"Failure is not a defining destination; it's a momentary experience on your entrepreneurial journey," writes Abrams, who is also the founder and CEO of The Planning Shop, the publisher of books and resources to help entrepreneurs become successful.
However, this is only true if an entrepreneur is "willing to look critically at why you failed and absorb what it has taught you," she adds.
Abrams says she knows of venture capitalists who actually prefer to invest in entrepreneurs who have had at least one failure.
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-- Written by Laurie Kulikowski in New York.
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