26A – Celebrating Failure

1)     I work for a company owned by my dad which basically rents out rooms to students in Miami and Gainesville. I manage a property here and deal with finding tenants, making contracts, general management of the property, etc. One of the tenants I roomed turned out to have mental issues and caused many problems to the property and to the other tenants. This is something I should have foreseen so in my mind, I failed. I have tried multiple approaches to dealing with the tenant but have failed in everyway thus far.

2)     From this failure I learned that I need to be a lot more careful with who I lease a room to and double-check their background and maybe even interview them before renting a room to them.

3)     I believe that failure is one of the most important parts of success. How does one know he succeeded if he does not know what failure looks like? I believe that behind every successful entrepreneurs story there lies a moment or moments where he ultimately failed. The important part is getting back up on your feet and reflecting on where you failed in order to make sure you do not repeat the mistake you made. This is the best way to succumb failure in my opinion. I think that I took the same amount of risks before and after this class. I do not think it has changed my view on failure as much because I have experienced it a lot in the past.


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