Equally destructive is the extremely conservative view of success and failure. Once you’ve failed in a business venture, you’re burned for years before any inv

Equally destructive is the extremely conservative view of success and failure. Once you’ve failed in a business venture, you’re burned for years before any investor will talk seriously or any bank will touch you. Tax authorities and chamber of commerce will also make your life quite difficult when you do. I personally know several people who needed to incorporate a new company under their wive’s name after a bankruptcy, to even be able to start a new (successful) business.