It appears that it is now cool to celebrate business failure. Such a positive approach was not always the way. Once upon a time insolvency was a taboo subject, and founders who suffered a financial collapse never talked about it. But the mood towards flops has changed.
Today there are reams of recently published books on the subject. Fail Fast, Fail Often: How Losing Can Help You Win, by Ryan Babineaux and John Krumboltz, and The Up Side of Down: Why Failing Well is the Key to Success, by Megan McArdle, are two examples.
It is a favourite topic for business bloggers. Meanwhile, there is a worldwide series of conferences devoted to failure, called FailCon, whose motto starts: “Embrace Your Mistakes.”
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