![\"success-failure\"](\"https:\/\/berkonomics.com\/wp-content\/uploads\/2015\/09\/success-failure.png\")
<\/a>failed business and the investors, bankruptcy court, or creditors.<\/p>\nIn aviation circles, we read in our pilot magazines about \u201cNever again!\u201d or \u201cI learned about flying from that.\u201d\u00a0 Pilot-authors tell their stories in the first person, and all of us readers slow down to think while reading of these events, wondering \u201cwhat if\u201d or whether this could happen to me.\u00a0 And if it did, would I have reacted differently?\u00a0 Most importantly, we think: \u2018Now that I know this, would I behave differently if it did happen to me?\u2019<\/p>\n
[Email readers, continue here…]<\/em> <\/span>\u00a0So that is why we devote just one of our exit focused\u00a0insights to just this subject.\u00a0 Professional investors rarely attach a red letter upon a failed entrepreneur. \u00a0In fact, if that person can tell his or her story and relate the lessons learned clearly, there is a positive response many of us will make to the next pitch from that person.<\/p>\n We who invest look for patterns from previous experience.\u00a0 Some of those patterns help us to spot and avoid problems we have seen play out in the past, often to disastrous conclusion.\u00a0 We learn to worry over obsolete inventory, too rapid hiring, failure to spot industry trends that make an offering less attractive, and so much more.\u00a0 Most of us can tell specific stories of losses that led to these expensive and gut-wrenching lessons.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" In my life as an early stage investor, I\u2019ve been closely involved with so many businesses, there were bound to be numerous stories of failures, hopefully from which to learn lessons for all of us as we go forward. Several … Continue reading