Lessons from Failure

Lewis Schiff discusses how he has been an entrepreneur since he was a teenager. According to him, he has had lots of failures along the way, including a missed opportunity to grow a business between two companies where he says he mishandled the whole process. The difference with successful people, according to Schiff, is that though they feel the failure just like anyone else, they never let failure make them think about giving up. Failure is how you learn to do it right the next time.