Q&A: Is a Failed Business Better Than No Business at All?

Success isn’t linear. It’s full of twists and turns, touchdowns and fumbles.

If you’ve owned your own business, even if you’ve never had a “failed business,” you’ve had business failures—small or even major mistakes that made you question if you could really do it. Those missteps are the best way to learn about yourself. Without them, you’ll never grow.

Q&A: Is a Failed Business Better Than No Business at All? #MichaelsWilder #ask #askmeanything #askmikespeer Click To Tweet

There are so many people out there wishing that they could start their own business, but they’ll never take the leap. They’ll never know whether or not they’re capable of it. I find that a little sad.

Now, I’m certainly not saying that everyone should go out today, get a business loan, and start renting out a storefront. That would be ridiculous. However, anyone can start taking small actions in their spare time to build their own side business while still having the security of their normal 9–5. You can set up an Etsy or Shopify store. You can start writing a blog. You can offer your services as a content writer or web designer on gig websites like Upwork. Through these experiences, you’ll start to learn the skills you need to develop for your own business, and you’ll start to get a feel for whether or not it’s something you really want to do.

Mike Speer Administrator
Chief Marketing Officer Michaels WIlder

Opinions are my own and not the views of my employer.

Chief Marketing Officer at Michaels Wilder and an entrepreneur since before the average person knew what that even meant, Mike has helped countless businesses build effective sales and marketing strategies. His philosophy is, “If you’re not thinking 10 years ahead, you’re already behind.” Mike’s content has appeared in Forbes Magazine, Inc. and Apple News. He has also been featured numerous times as a “Top 10 Writer” worldwide on the Q&A content site, Quora.

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Mike Speer Administrator
Chief Marketing Officer Michaels WIlder

Opinions are my own and not the views of my employer.

Chief Marketing Officer at Michaels Wilder and an entrepreneur since before the average person knew what that even meant, Mike has helped countless businesses build effective sales and marketing strategies. His philosophy is, “If you’re not thinking 10 years ahead, you’re already behind.” Mike’s content has appeared in Forbes Magazine, Inc. and Apple News. He has also been featured numerous times as a “Top 10 Writer” worldwide on the Q&A content site, Quora.

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