Professor Adrian Furnham of the Norwegian Business School explains how startup founders can understand and master failure.
- A growth mindset is more likely to result in startup success.
- Burnout is common in energetic founders.
- Diversity among senior leaders is a good thing — and make sure to bring in outsiders’ perspectives too
The most successful startup founders learn from their mistakes and move forward with a refreshed vision, says Furnham. They are not handicapped by a failure, they recognise that everybody makes mistakes and try to see each opportunity as a chance to learn something new.
In this video Adrian explains why failure is so common in the startup world, what you can do about it and the importance of mindset.