Secret Leaders with Dan Murray-Serter & Chris Donnelly
My Favourite Failure: I lost my company, job, had to sell my cars, house & move back in with my mum | Tay Sweat
Nov 23, 2023
Retired entrepreneur Tay Sweat shares his experience of bouncing back from failure. He discusses losing his company, job, and having to move back in with his mom. Tay emphasizes the importance of overcoming setbacks, rebuilding confidence, and understanding the business cycle. He also shares his journey of starting with limited resources and eventually building a successful business.
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Quick takeaways
- Resilience and adaptability are crucial in the face of failure and setbacks in business.
- Seizing opportunities, building connections, and being open to learning from others can lead to financial success.
Deep dives
State actors targeting UK startups
UK startups face an increasing risk of state actors attempting to steal their assets. An example is given of a Scottish renewable manufacturer that experienced a visit from a high-ranking Chinese official, followed by the theft of their laptops. Subsequently, pictures emerged showing a Chinese company producing a virtually identical product. To address this growing threat, the National Protective Security Authority and the National Cyber Security Center in the UK have launched a campaign called Secure Innovation, emphasizing the importance of both cyber and physical security.
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