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Sara Blakely
Balancing Act: Learning from failure: Strategies for bouncing back

When Susie Taylor walked onto the set of ABC's "Shark Tank," she showed the investors her stain-resistant baby bibs and asked them for $40,000 to grow her Miami-based business. But something happened Taylor didn't expect. The "sharks" reduced her to tears by calling her business a hobby, her margins terrible, her management skills lacking, and then delivering their famous line to indicate they weren't investing: "I'm out!" Taylor walked off the set in tears, having failed to secure an investment before 7 million viewers on national television. Then she faced the challenge of bouncing back. If your business or strategy failed, if you made an...