In Business, Fail Fast and Often

Founder of the D.I.Y. jewelry company Stella and Dot, Jessica Herrin saw the need for action when her business began to fail. A quick reaction to bad times is what counts, she says. 

What's the Latest Development?


Jessica Herrin saved her D.I.Y. jewelry company by accepting that her business model was failing. She wanted to improve on the idea of home sales, where friends meet to shop from a salesperson's catalog in the host's home. Unfortunately, lot of companies produced, marketed, and sold packages just like her's. At the time, the businesses was making revenue, but the home sales were bringing in just $450. She quickly changed things up by marketing ready-made jewelry. 

What's the Big Idea?

Herrin counsels that failure is not why a business does not succeed, at least not in the long run. Failure to respond quickly to failure is why businesses fold. "So much is lost by companies that just can't move fast enough," Herrin said. In order for her company to change its game, it had to fail fast. "Instead of staying with it, it was about changing with it. I tell my board...I want to be a great company for generations to come and that takes a lot of failure." She has since doubled the amount her company earns from home sales. 

Antimicrobial resistance is a growing threat to good health and well-being

Antimicrobial resistance is growing worldwide, rendering many "work horse" medicines ineffective. Without intervention, drug-resistant pathogens could lead to millions of deaths by 2050. Thankfully, companies like Pfizer are taking action.

Image courtesy of Pfizer.
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  • As we get older, our immune systems age, increasing our risk of life threatening infections. Without reliable antibiotics, life expectancy could decline for the first time in modern history.
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  • Without intervention, resistant pathogens could result in 10 million annual deaths by 2050.
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Sarco assisted suicide pods come in three different styles, and allow you to die quickly and painlessly. They're even quite beautiful to look at.

The Sarco assisted suicide pod
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Death: it happens to everyone (except, apparently, Keanu Reeves). But while the impoverished and lower-class people of the world die in the same ol' ways—cancer, heart disease, and so forth—the upper classes can choose hip and cool new ways to die. Now, there's an assisted-suicide pod so chic and so stylin' that peeps (young people still say peeps, right?) are calling it the "Tesla" of death... it's called... the Sarco! 

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Entrepreneur and author Andrew Horn shares his rules for becoming an assured conversationalist.

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