You can be on Entrepreneur’s cover!

How 10 Billionaires Faced Failure (Infographic) Success doesn't come easy.

By Rose Leadem

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Aurelien Meunier | Getty Images

When you're starting a business, you can expect mistakes and sometimes even failures to come along with it. For most successful people, failure is always a part of their journey. It's learning how to handle and grow from these experiences that make us stronger and better position us for future successes.

Related: 10 Blessings That Come Hidden in Rejection, Losing and Failure

Just take a look at Bill Gates, Richard Branson and Walt Disney. Before dropping out of Harvard and creating Microsoft, Gates co-founded a traffic monitoring website called Traf-O-Data, which failed.

For all Branson's life, he's struggled with dyslexia. He dropped out of school when he was 16 years old, but then went on to create Virgin. Even at Virgin, Branson has faced many troubles, attempting to start a soda company, a bridal company and a digital download agency, all of which failed.

Related: 10 Strategies for Entrepreneurs Dealing With Failure

Walt Disney was also prone to failure: the high school dropout was fired from a magazine job at 22 years old because the editor felt he "lacked imagination." After that, he created Laugh-O-Gram Studio, which went bankrupt after two years.

To learn more, check out Quick Base's infographic to see how 10 billionaires faced failures.

Rose Leadem is a freelance writer for Entrepreneur.com. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

This Dad Started a Side Hustle to Save for His Daughter's College Fund — Then It Earned $1 Million and Caught Apple's Attention

In 2015, Greg Kerr, now owner of Alchemy Merch, was working as musician when he noticed a lucrative opportunity.

Business News

Yes, You Can Buy a Foldable Tiny Home on Amazon — And Now It's Selling for Less Than $12,000

The waterproof and flameproof house was listed around $35,000 a few months ago.

Business News

This One Word Is a Giveaway That You Used ChatGPT to Write an Email, According to an Expert

"Delve" has increased its presence in written work since ChatGPT entered the scene.

Starting a Business

4 Common Mistakes That Will Spell Doom Your Ecommerce Business

It's hard to spot a success story before it happens, yet it's easy to tell if a business will struggle. With that in mind, here are the four most common mistakes people make that you should avoid when starting an ecommerce business.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

This Futuristic Wearable Smartphone Alternative Projects a Screen on Your Palm — And It's Now Widely Available

Humane's Ai Pin fastens magnetically to clothing and becomes a voice-activated AI assistant that can make calls, send texts, take notes, and find answers to complex questions.