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Embracing Failure for Innovation and Growth
Failure is an essential part of the process of doing something innovative and extraordinary. It is crucial to differentiate between micro and macro failures. Micro failures are like missing shots in practice, while macro failures are significant setbacks like going out of business. Recognizing and analyzing these failures is key for growth and success. Friction in business, whether with customers, sales, or hiring, serves as an important signal to investigate and improve processes and strategies.