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Business Failure

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Entrepreneur shares five lessons on recovering from business failure

A Hong Kong-based entrepreneur recounts closing an Italian restaurant, a film production venture and a property business in the early-to-mid 1990s after misjudging unfamiliar industries. Drawing on those experiences and data from the U.S. Bureau of Labor Statistics, CB Insights, and the South China Morning Post, he outlines five lessons for founders on recognizing failure, stepping back, and trying again.