The current issue of Harvard Business Review on the management of failure reminds me of some important business lessons I learned long ago from one of my older brothers. A successful furniture designer and craftsman, he lost his entire business in a fire — then slowly rebuilt an even stronger one. Some of those same lessons surfaced again as I shared my own stories of failure and success on a recent long haul flight with a fellow entrepreneur. That conversation memorably began with my counterpart tossing back a scotch and soda then saying to me, “I remember when I lost my first million…”
How to Manage the Loss of Your First Million
The current issue of Harvard Business Review on the management of failure reminds me of some important business lessons I learned long ago from one of my older brothers. A successful furniture designer and craftsman, he lost his entire business in a fire — then slowly rebuilt an even stronger one. Some of those same […]
March 21, 2011