Ability to learn from mistakes

To become a successful entrepreneur, a person must equip themselves with the ability to learn from mistake and go from one failure to another with no loss of enthusiasm. Instead of giving up, an entrepreneur will question themselves regarding their mistakes, what went wrong? How can they succeed next time? And so on. They will not give up easily but learn how to improve themselves from the mistakes they did. For them, the mistakes they made is an experience and a learning process in their life. 

Ford Henry was the founder of the Ford Motor Company. He developed and manufactured the first automobile that affordable by many middle class Americans. Henry Ford stands tall as a pioneer of modern business, yet this founder of the Ford Motor Company failed many times on his route to success, His first business attempt at building a motor car was shuttered after just a year and a half when stockholders lost confidence in his ability to succeed. He gathered more cash and restarted his effort, but a year later he was forced out of his own company yet again. The entire motor industry had lost faith in Henry Ford but he was not deterred. He found another investor to start the Ford Motor Company. Henry Ford’s famous quotes such as ‘‘Even a mistake may turn out to be the one thing necessary to a worthwhile achievement’’ and ‘‘Failure is simply the opportunity to begin again, this time more intelligently’’ shows that Henry Ford was inspired to keep learning from mistakes he made.

(Logo of Ford and Ford Henry, Founder of Ford)