Enlighten yourself by capturing latest News and unique articles from Business and Tech world daily on your mail box. Subscribe Siliconindia Dailydose Now!!
Bangalore: In U.S., most venture capitalists consider previous failure as a virtue of finance seeking entrepreneurs. Rich Karlgaard, publisher of Forbes magazine once said, the one of the things that distinguish American culture from others is their passionate belief in second acts. Even if they fail in lots of things, American believe in the power of second chances, to start over again, to learn from their mistakes and using the knowledge to succeed a second time. Is it the same in case of Indians?
It was not in our gene to accept failure; may be own or others. In India, failure used to be a negative term where in the person was not given a second change. But, if we view the present scenario, the entire eco system is undergoing a change, wherein failure is appreciated and thought to be a learning procedure. Today, in entrepreneurial fields, the idea of not only learning from failure, but the failure itself has become more pervasive. It has become an important element for growth and learning. People have started sharing their success and failure over blogs and forums for others to learn from it. Open forums like Bar Camp, MOMO and several others provide such platforms for discussions, where in one can learn from the success and failure of others to encompass in their own life and business. Failure teaches them to exhibit persistence in selecting the right industry and time to start new venture.
But, do one really succeed after failure? It is important to re-examine those times when things went wrong so that we can avoid it the next time. How many of us have the courage to face failure, seek answers and learn important lessons out of it? It is all about being faithful to own-self by accepting the failure and learning from it, which is the key to success.
Processing .....please wait.. 
The article has been forwarded.... 
