#Failure
Let’s talk: Fear of starting a business
In today’s Let’s Talk we are discussing the fear that comes with starting a business with different founders who have been there and come through it. When starting entering into any new chapter, challenge or unknown territory in life, fear is a natural emotion that arises. This is particularly the case in entrepreneurship where you […]
The ten reasons why startups fail
Fail in high school and you are usually graded an F; the same is true of startups. Depending on who you ask, there are a multitude of reasons why startups fail. Each strand of startup DNA contributes its own reasons for failure, but all of them relate directly to one of the ‘3 Fs’: Founder […]
Why budding entrepreneurs shouldn’t feel ashamed if their startups aren’t successful
There is a stigma about having an unsuccessful startup as it can quickly go from excitedly telling others about your idea to explaining why you have moved back in with your parents. But failing a startup shouldn’t be viewed so negatively by those in the business world or by others. Many budding entrepreneurs who decide […]
People, processes and culture: don’t let these three innovation enablers become roadblocks
Businesses, both small and large, should know by now that innovation is the key to competing in the digital age, and that longevity isn’t possible without a culture that is inherently innovative A report by IBM provides evidence that creativity is at the heart of innovation, revealing that executive leaders consider creativity the most crucial […]
A new breed of CFO: The Chief Failure Officer
The days of the CFO sitting in the corner office counting beans are long gone. No longer just the most senior accountant, today we look to our finance leaders to embrace digital technologies and use data analytics to drive consistent and measurable growth for our business. Modern CFOs are increasingly expected to be key drivers of […]
Don’t let a fear of failure stifle innovation – mine mistakes to strengthen your business
We hear over and over again that businesses need to innovate otherwise they risk being chewed up and spat out by disruptive forces. But creating a company culture where people can be innovative is easier said than done. I recently sat down to talk about innovation with Xero’s former Managing Director, Chris Ridd. Ridd made an […]
How to enhance innovation in your workplace
Does your business have a culture in which innovation thrives? Are people challenging the status quo and being encouraged by leaders to take risks in pursuit of innovation? Or is the opposite true, whereby people don’t take time to listen to new ideas and suggestions? Building a culture of innovation is hard work. However, the […]
Don’t sweep failure under the rug, confront it
Most people have a hard time admitting they are wrong, but it’s even harder when you’re the role model, the leader, the chief. Yet, admitting failure will position you and your company for success. Here are some strategies for checking your ego at the door and learning from failures in your company: 1. Fail […]
“Failure isn’t fatal, nor is it defining – it can equip you for success”: Beanstalk Factory CEO
Businesses are keenly aware that innovation is increasingly necessary for survival, let alone success, but many still struggle with the notion that innovation is not without risk of failure. There is a prevailing belief that failure is a weakness, and this works through all layers of the business: from the board through to management, to […]
Want to succeed? Get used to failure
Stop thinking so much–you’re just procrastinating, says Jessica Herrin, founder of WeddingChannel.com and Stella and Dot.
SMBs trust gut instincts over professional advice
With gut instincts behind many an entrepreneur’s interesting business idea, it’s no surprise that they then trust these instincts to lead them in running their businesses.
Starting a company? 3 things you can’t mess up
Few start-up founders are clear-minded enough about three non-negotiable fundamentals.
Face your fear of failure and overcome it
It’s inevitable: we’re all going to fail at something. Unfortunately, for many people this failure evolves into a fear of trying. Here’s how not to let fear get the better of you.
Most important failure to embrace
Maybe you already proudly “fail fast and fail often.” There’s one type of failure you’re probably still avoiding – but shouldn’t.
Did you know 80% of businesses don’t fail in the first year?
Rhondalynn Korolak blogs about how many businesses REALLY fail in their first year. “I searched the internet and couldn’t find confirmation of any study that was done to back-up this statistic by a reputable or well-known bureau. What I did in fact find was some evidence to the contrary.”
Financial management #FAIL
The other day I was asked why some small businesses fail and others succeed and it got me thinking about the defining characteristics of Australian small businesses.