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November 27, 2007

The good kind of failure

“I have not failed. I have just found ten thousand ways that won’t work.”
                                                                                    - Thomas Edison

Resiliency and learning from your "mistakes" are critical to building a successful venture. 

Organizing your efforts to avoid "mistakes" and to have no risk of "failure" is a bad strategy.  Organizing your efforts to "fail faster" so that you can learn from your mistakes and course correct as you go is a good strategy.

It is important to distinguish between making new mistakes which are the good kind that you learn from; and simply repeating the same mistakes that have been made before and should now be avoidable.

                                                                               copyright 2007 Kerry Champion

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