The fear of failing stops many people from pursuing what could be amazingly successful opportunities. After all, who likes to fail? When you are talking about a business, failure can be a humiliating experience, as well as costly.
Have you ever heard of the Detroit Automobile Company? Probably not, because it went bankrupt in 1901. But you probably know its founder, Henry Ford. His second car company also failed. Even after going bust twice, Ford managed to attract enough investor dollars to get the Ford Motor Company off the ground.
Walt Disney was fired from his job as a newspaper cartoonist because he “lacked imagination and had no good ideas.” Imagine if he had quit after that failure?