This article argues that “a partial failure of a business is more valuable than a complete failure.”
I disagree. I think both types of failing experiences are enormously valuable in the lessons they teach us. In fact, complete failures have a better learning value as it gives a sense of “closure” that allows us a deeper, detached, more objective introspection into the failure.
What’s more important to me though is that often we don’t know whether we are failing or succeeding in our business. And that for a very simple reason: we have not defined what “success” looks like for our business. In fact, we often avoid the exercise just so that we can avoid the possibility of having to face a failure.