Why we need to plan for failure

"The federal government's renewed interest in innovation and entrepreneurship is commendable. But as it encourages start-up entrepreneurship, reforms must also consider business failure and how we pick up the pieces when ventures fail. Rarely has there been as much momentum – or hype – about entrepreneurship. Newspapers and magazines abound with profiles of young entrepreneurs disrupting a market and making a fortune." Read more

Tony Featherstone SMH 5 Nov 2015