Succeeding after failure

August 1st, 2014 at 10:00 am by David Farrar

I saw in the NBR Rich List is that a new entry is with an estimated $100m. he is 52. The Herald reports that Roberts was bankrupted before he was 30.

I find that quite inspiring. No one likes to fail, but it is how you respond to failure that can define you. Roberts didn’t give up on a career in business, but learnt from his mistakes.

In business there is no reward without risk. That is the tension always there. Failure for some is inevitable, and I admire those who carry on.

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10 Responses to “Succeeding after failure”

  1. burt (8,272 comments) says:

    Don’t give up and blame other people for your failure – so he won’t be voting for more welfare then ?

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  2. thePeoplesFlag (245 comments) says:

    One thing I like about the USA is the way their bankruptcy and comapny laws allow you to try and fail multiple times until you get it right. Losing money doesn’t stop the banks lending either. We need banks that will take risks and laws that allow you to fail in business like that here.

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  3. burt (8,272 comments) says:

    thePeoplesFlag

    But only if they are not bailed out by tax payers money ! No business is too big to fail !

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  4. peterwn (3,273 comments) says:

    There would be other examples of young people who finally succeeded after being bankrupted or escaped bankrupcy by a very thin margin. The reason they finally succeeded is they were prepared to take risks and learn from their mistakes. Many people (myself included) are too risk adverse for this.

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  5. Captain Pugwash (98 comments) says:

    Unfortunately bankrupts have been risking other peoples money, not their own. Hopefully he has fully re-payed his prior debt from when he was first bankrupted. However chances he probably hasn’t, bankrupts tend not to.

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  6. GPT1 (2,122 comments) says:

    I trust he has repaid his former creditors?

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  7. CJPhoto (221 comments) says:

    Dont forget Michael Hill, who started from scratch in his 30’s(?).

    Or the tow truck driver that is up reasonably high aswell.

    Its not all old money like the Todd’s

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  8. holysheet (391 comments) says:

    Or the ex panel beater who is Nz richest person

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  9. KiwiGreg (3,255 comments) says:

    “Or the tow truck driver that is up reasonably high aswel”

    “Or the ex panel beater who is Nz richest person”

    Same guy

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  10. dime (9,972 comments) says:

    love stories like this. love seeing anyone who works hard do well

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