From Chapter 2 "Fail Fast: The Gift of Failure" in Ingredients of Outliers Going into Business[es] With my newly discovered burst of self-confidence, I decided to launch my business career. But where to start? I’d once entertained thoughts of owning a restaurant. I knew nothing about restaurant operations, so I thought it would be less risky to start out with hot dog stands. I bought five of them, and in the winter in Phoenix, Arizona, they did really well—in the summer, however, not so much. The hot dog stands were a huge failure—but that didn’t stop me. Since then I’ve started, or … [Read more...]