FM Walsh & Associates Inc.

Multi-millionaire, Jimmy Pattison is owner of the Jim Pattison Group, Canada’s third largest privately held company. Recently hosting a Q&A session at the Vancouver Entrepreneur Toastmaster anniversary celebration, he stated that he and his staff have started 56 companies from scratch and two-thirds of them have failed.

This is a good fact to keep in mind as a business owner. You have to be prepared to take some risks and court some failures. So many business owners I work with get paralyzed with fear that things won’t work. Stop analyzing and worrying – take the plunge! Failure is part of the package and as long as you learning from your mistakes, you’ll be all the stronger for it.