Critical lessons from 5 common start-up mistakes

Businessman lying flat on his back on road

How to find inspiration in your failure, learn from your mistakes and come out better on the other side.

One of my favorite quotes comes from legendary auto entrepreneur Henry Ford. As a business owner, I appreciate it because it captures what our mistakes and failures really are: Opportunities.

“Failure is only the opportunity to begin again, only this time more wisely.”

While entrepreneurs spend a lot of effort trying to avoid failure, sometimes the lessons one learns from those missteps can be invaluable. I’m not saying business owners should actively pursue failures. But when they happen, you can come away wiser, stronger and ultimately more profitable.

Here are five common startup mistakes and the lessons you can hopefully learn from making them:

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