Why Innovators Need a Word other than Failure

January 9, 2014 By Jeffrey Phillips

...we risk creating what I'll call the Failure Fetish, the belief that we MUST fail in order to succeed in the future. Further, we risk creating a High Church of Failure, demanding that individuals and companies risk far too much and learn far too little. Today's story featured a serial entrepreneur with a PhD in vision sciences who has had two entrepreneurial efforts end prematurely. She is a 40 something mom with teenagers, a lot of debt and is considering mortgaging her house to try again. Entrepreneurs and innovators need to be single minded and risk averse, but they also need a rational outlook and a life!


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