It might sound paradoxical, but in order to become successful in business, as well as in many other areas of life, you must first gain a lot of experience by failing.
Some of my biggest lessons in business and entrepreneurship have come when I had a failure. In fact, the more spectacular the failure, the more profound the lesson.
While it’s certainly true that you can get a lot of valuable knowledge from books, courses, the internet, and formal education, sometimes the only way to really grasp a key concept is by learning it the hard way.
Sometimes it is not enough to learn something in theory. In these cases, the only way to really absorb the lesson is through learning by doing - or more precisely, learning by failing.