80% of new businesses fail within the first five years. Those don’t seem like very good odds, do they? But new businesses continue to be born every day. And every one of them is started with a dream of success. Yes, the possibility of success motivates us, inspires us, and keeps us going to work every morning. Or is it the fear of failure that does this? Do we keep trying because if we don’t, we might fall on our face and disappoint everyone around us? Either way, success and failure are two sides of the same coin.
At work and in business, we almost have an obsession with success and failure. Just think of your conversations about colleagues past and present. What is it you talk about? Well, you might talk about their health and their families. But you probably spend more time talking about whether they’ve made a million bucks yet.
Fortunately, English has lots of great expressions for talking about this common topic. We looked at a few in our last episode, and today we’ll learn lots more.
In the dialog, we’ll rejoin Sam and Dylan, two former colleagues who have been talking about their own successes and failures. Today we’ll hear Sam and Dylan discussing the fortunes of someone they both know named Cameron Smith.
1. What did Cameron do when his photo-sharing app was successful?
2. What happened as a result of Cameron’s lack of management skills?
3. What did Cameron’s investors decide to do?