"Failure. You’ve likely read articles on how to avoid it or turn it around, but rarely how to deal with it openly and transparently. Yet, failure is a business reality. Every entrepreneur - and every successful company - has undoubtedly experienced more than a few gut-wrenching moments of demoralization and market loss, before forging ahead and rising to the next level."
The above words of wisdom are from Matt Rissell, the visionary co-founder or TSheets, in one of the many brilliant articles he has penned for Huffington Post.
Rissell's insights are profoundly useful for anyone who seeks success in business. Rissell writes:
In truth, the fear of failure keeps brilliant business initiatives from happening. It’s too bad. Risk taking and big thinking have always coincided with the potential for failure - countered by the possibility of great reward. For a business or entrepreneur, failure gives us the opportunity to pause, rethink, revise and learn the value of persistence.
As a co-founder of a lean startup, I know this grueling “how to fail” process all too well. Five years ago, you may have been tempted to join our critics - forecasting a slow and painful demise. We’ve certainly had our share of hard days and lean times.
Most company success stories seem to start with the initial light-bulb moment, then skip to their success, completely glossing over the failures that built the backbone of their business. Exhilarating, but far from reality.
Rissell goes on in the article to share a few market failures his team ecountered, and how each one shaped who they are today.
With a passion for startups, strategy, and identifying high-growth opportunities, he speaks at conferences nationwide and is a contributor to both and AMEX Open Forum and The Huffington Post. Matt serves on the executive committee of the Idaho Technology Council, the advisory board of the Boise State University Computer Science Department, and the Vistage CEO Network. He has also received the 2015 40 Under 40 award from CPA Practice Advisor, 40 Accomplished Under 40 Award from Idaho Business Review, Cartridge World’s Franchisee of the Year award, was named to the Verizon Wireless President’s Cabinet and most recently won the 2015 Rule Breaker Award.
Rissell is rising fast on the internbational stage. a January 2016 article appeared in Forbes called Can Matt Rissell Build His Unsexy Time Sheet Software Business Into A $30 Billion Company?