Making mistakes -- and learning from them -- is key, Branson says

07/30/2010 | OPEN Forum blogs

Empowering your staff to make mistakes and learn from them is a key to success, writes Richard Branson, founder of the Virgin Group. "If you can identify and learn from your mistakes, you have a much greater chance of bouncing back from them -- and succeeding the next time," he writes, calling the ability to recover from setbacks the most important trait for an entrepreneurial venture.

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