Lee Byung-Chull, the founder of Samsung, started out the business after he dropped out of school in Japan. Lee has had a major failure in his first business, but he said that the first business failings you should not be discouraged, but it is a good lesson for you to start over again.

Lee Byung-Chull, Founder of Samsung
Lee Byung-Chull, Founder of Samsung Company
Lee, after returning from Japan because of his father's death. He got the wealth from his family. at the time, he started the first business, opening up the Rice Mill, but it was a great failure because of it was the first time, he had no experience and not clearly the strategy. he lost a lot of money, but it taught him much about the company's management, and he gets more detailed study opportunities. He said that the first time you should not be discouraged because you've got a good lesson that teaches you to step forward.

After the first defeat, he did not stop and desperate. In 1938, he established a new company called Samsung Trading Co, a freight carrier. Shortly thereafter, in 1945, his company became more successful and moved to Seoul. Lee also confirmed that the success of the new company was due to his knowledge of his first failed business.


Of course, entrepreneurs do not want to hear words fail and do not want to be Failure, but it is not bad because it teaches you more of business. Business is the risk, you are more at risk, you are more seeing successful opportunities than people who have the theory but don't have activities because you have risks are have both of experienced and confident. failing are teach you how to succeed.