By Robert McGarvey

You know the numbers: approximately 20% of startups fail in year one, and 45% — almost one in two — fail in the first five years. And what happens to the entrepreneurs who had launched those businesses and whose dreams were crushed by a hostile marketplace? Are they doomed to a lifetime of punching the clock at somebody else’s company?

Not at all. In fact, for many entrepreneurs, an early failure was exactly the learning experience they needed to launch another business that succeeded. There are lessons in adversity that just may help you triumph in your second startup — if you look for them.

Continued at Startup Savant