Creating a great business requires outstanding leadership. The leadership characteristics, personality traits, and attitudes of the business leader directly influence the culture of the organization. The business leader’s vision, life mission, and outlook on life will determine the direction and future of the business, as well as its potential for success and the extent of its success. In short, the founding leader has an immense influence on that business’s entire life span in every way, long after he or she is no longer part of the business’s day-to-day operations. Hence, developing personal leadership skills through life experiences, learning leadership skills, and honing those through practice are of significant importance to one’s future success as a business executive.

Failure is a given part of entrepreneurship, for example. Regardless of how competent, intelligent, and skilled one is, failure is an innate possibility in any entrepreneurial venture. Since massive action is a requirement as part of the formula for success, by definition, no actions lead to success; hence, almost massive failure is more of a rule than an exception.