Seven Lessons from my Failure

Daniel Stedman
10 min readSep 20, 2020

Running a business is hard, but nothing is harder than running a failing business.

Economists predict that over 1 million small businesses will shut down for good this year. Some will go bankrupt, and some will simply close their doors. People’s lives will be hurt and some will be destroyed. As someone who was forced to close a business, I know first-hand the toll it takes on you and your staff and all of the people who depend on your business. It’s a no win for everyone. This weighed on me for a long time, and it seems particularly timely now, as so many businesses are…

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Daniel Stedman

Co-founder @brooklynmag @TasteTalks @NorthsideFest (acquired) Student journalism advocate. Boxing record 1-0. http://www.danielstedman.com