Business Quote by Michael Bloomberg
“In business, when you fail at something, when something doesn't work, you say okay, we've learned that that's not a path to go down.”
About This Quote
Source Speech: Bloomberg Philanthropies Forum, 2018
When a business attempt fails, acknowledge it, learn, and move on.
In simple terms: Accept failure, learn, and redirect.
Key Takeaway
Embrace failure as feedback.
Themes
business
learning
resilience
Mood
pragmatic
motivational
Type
business
self‑help
When to use this quote
- startup
- project management
- career
- innovation
Key Concepts
failure analysis
growth mindset
Questions to Reflect On
- What have you learned from a recent setback?
- How do you decide when to pivot?
A Different Perspective
Overemphasis on learning can delay decisive action.
![“You have to understand, we have better communications and better transportation, so people know what's available elsewhere and can get a message out, and you can move things. And you [can] say that the economy is more unpredictable.” quote by Michael Bloomberg](https://sms4smile.com/quotes/img-quotes/f66/michael-bloomberg-1293_available_you-have-to-understand-we-have-better-co_66574.jpg)
![“The system [in U.S.] is designed for a two-party system. And those two parties have an interest in keeping third parties out. There's too much of the structure that works in the two-party way. They will keep the third party out.” quote by Michael Bloomberg](https://sms4smile.com/quotes/img-quotes/162/michael-bloomberg-1293_interest_the-system-in-u-s-is-designed-for-a-two_74462.jpg)
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)