How to Turn a Failure into a Wild Success

Innovation often involves risk taking and with this comes the likelihood of failure. Coping with failure is important for entrepreneurs and corporations alike. The article looks into research indicating that companies that encourage risk-taking have a greater likelihood of success, so long as the failure that arises from testing the unknown is allowed. For entrepreneurs, being realistic about the fact that 90% of start-ups fail can help, while simultaneously pursuing multiple business ideas can raise chances of success even if one idea doesn’t work out.