Home topics start-up-entrepreneur Startup Startup Why budding entrepreneurs shouldn’t feel ashamed if their startups aren’t successful Gerard Holland February 14, 2018 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 to commence a startup are excited about potential growth while nervous about failure, but the statistics aren’t helping any fears people might have. A report from Dun & Bradstreet shows that the startup failure rate is on the rise with a 42% increase in the number of startups ceasing operations. While it is challenging to make it big, people should not be ashamed for opening a startup that didn’t go as planned. Many people will look at this as a bad thing, but here’s why it is quite the opposite. It’s not failing, it’s practice An unsuccessful startup should be placed in the same category as practice or training. Just like you train for a marathon or study before a test, the only real way to practice running a business is to actually start one. Startups are the best way to do practice as there’s a lot less on the line than buying an established business or franchise. Failing a business in its early stages is much more harmless than folding later down the