Failure 'is the key to success'

Fri 22 Aug 2008 at 4:07 PM

Every successful business person has experienced some degree of failure, it has been claimed.

Shaa Wasmund, a successful entrepreneur and chief executive of Bright Station Ventures, suggested that Britons - who may be starting their own business or searching job vacancies – could learn a great deal from their American cousins.

She claimed that American's often turn failure and setbacks into something positive and view it as "a lesson learned" as opposed to a negative thing.

"I think that that is a lesson that we as a nation really need to embrace. No successful business person has got to be successful without having some failure along the way," she commented.

According to the Natwest and RBS Small Business Monitor 2008, around 32 per cent of men and 19 per cent of women have either set up their own business or would consider doing so in the future.

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