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Failure isn’t the end—it’s the formula. Entrepreneurs often think success means avoiding failure at all costs. But what if we told you the path to winning big is paved with failed ideas?
The goal? Fail small and fast, so you can scale the winners big.
At paw.com, out of every 10 products launched, eight fail. That’s intentional. Instead of fearing failure, they embrace it, testing quickly and cutting losses early. This strategy isn’t reckless; it’s responsible risk-taking. It’s the difference between betting the farm and testing a seed.
The goal? Fail small and fast, so you can scale the winners big. That’s how products like the memory foam pup rug and waterproof couch protectors became multimillion-dollar successes. Their secret? A clear process: test cheaply, measure demand, listen to the data, and scale only what works.
On this week’s episode of “Start. Scale. Exit. Repeat.,” serial entrepreneurs Colin and Michelle break down how failure drives innovation and why failing fast may be the smartest business move you’ll ever make.