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The Good Fail: Entrepreneurial Lessons from the Rise and Fall of Microworkz Hardcover – May 8, 2012


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Product Details

  • Hardcover: 153 pages
  • Publisher: Wiley; 1 edition (May 8, 2012)
  • Language: English
  • ISBN-10: 1118250710
  • ISBN-13: 978-1118250716
  • Product Dimensions: 0.8 x 6.3 x 9.5 inches
  • Shipping Weight: 12 ounces (View shipping rates and policies)
  • Average Customer Review: 3.7 out of 5 stars  See all reviews (43 customer reviews)
  • Amazon Best Sellers Rank: #2,069,313 in Books (See Top 100 in Books)

Editorial Reviews

From the Author

For the past 10 years I had been quietly building my life back when the concept of this book was presented to me. I knew there would be haters, self righteous folks and people that just hate a success story who would come out of the woodworks to bash both me and the book, but the topic was just too important.

This is a personal business story that spans my life, and boy has it been a life. Take a few moments and read the personal attacks, the negative press and bloggers who think they know the story. Digest it, develop an opinion and then get the book to read the real story. Trust me, it's an entertaining and enlightening look at business, relationships and life. I hope you like it.
Best,
Richard Keith Latman

From the Inside Flap

Few people have felt the thrill of success and the sting of failure as much as Richard Keith Latman, the founder of the beleaguered budget PC manufacturer Microworkz. The company's fall from grace has been well documented, but just like every other challenge Latman has encountered during the course of his roller coaster career, it was another opportunity to learn, improve, and come back stronger than ever. In The Good Fail: Entrepreneurial Lessons from the Rise and Fall of Microworkz, Latman shares the incredible true story of a life that has embraced the high-stakes risks inherent in the pursuit of fame and fortune so that you, too, can learn—and even profit—from his mistakes.

From being declared the next Internet billionaire to losing eleven jobs in twelve months, Latman has experienced the peaks and valleys of all-or-nothing entrepreneurship over and over again. It's easy to feel sorry for yourself, but Latman understands that out of error comes experience. That's why he embraces the idea of the "Good Fail"—a mistake from which you learn more than you lose. Such missteps hurt in the short term but offer long-term benefits, and there's no better example than Latman's own.

Now, for the first time, Latman describes his experiences as an entrepreneur who has used his failures to hone his managerial and business acumen, illustrating the importance of learning from your missteps first hand. In The Good Fail, he outlines nineteen practical lessons that will help you succeed faster—from building and sticking to a business plan to maintaining a positive attitude—so that you can build a better, stronger business with less heartache.

Part autobiography, part how-to guide for entrepreneurs everywhere, The Good Fail is one incredible case study on the value of mistakes, from a man who's made a career from learning things the hard way.


More About the Author

Richard Keith Latman is Chief Executive Officer / Co-Founder of iMagicLab (www.imagiclab.com), Founder of Latman Interactive (www.latman.com) and Founder/CEO of Lifeclip (www.lifeclip.com). Latman drives product development, technology, sales, marketing and architecture decisions across all iMagicLab/Latman/Lifeclip products to ensure the product direction is consistent with the overall strategy of the company and the needs of the marketplace. Over the past 20 years he has trained tens of thousands of salespeople, written over 275 articles and has spoken at major events and seminars nationwide.

Latman has broad experience in the sales, hardware, software and services sectors, having spent more than 20 years in senior management roles in the IT industry. Prior to founding iMagicLab, Latman helped start many innovative companies including RetailTRAC (Sold to Minow LLC), MicroPOS (Sold to Micros) and Microworkz.com.

Customer Reviews

3.7 out of 5 stars
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See all 43 customer reviews
This book was a very interesting read.
Aimster
While I can't say that I loved the book, I didn't hate it and finished the whole thing at least (which is more than I can say about other books I've read this year.)
Christina Caramico
In general, I absolutely recommend this book to anyone who has an interest in business at all.
Bradillac

Most Helpful Customer Reviews

33 of 36 people found the following review helpful By Eric on August 20, 2013
Format: Hardcover
I started reading this book and it wasn't exactly what I was expecting. I wanted to learn about the highs and lows of owning a business, but didn't really read what I expected to. I recommend this book if you are just starting out in the business world as an entrepreneur, but there are other books out there that offer more.
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31 of 34 people found the following review helpful By Brittany on August 20, 2013
Format: Hardcover
As an entrepreneur I found this book to be very valuable. I learned lots from reading it. There are many lessons to be learned from this book, such as how to rise above after a failure. This book is motivational on many levels and for many people, even if you aren't an entrepreneur. I highly recommend this book.
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34 of 38 people found the following review helpful By G.C. on August 20, 2013
Format: Hardcover
I had recently become interested in business and thought this book would be interesting. I am still on the fence about whether this book was worth the price or not. The introduction definitely made me want to read more though and the author tries to have the readers feel like they can connect to him, which is actually refreshing. His writing style may not appeal to everyone though.
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28 of 31 people found the following review helpful By Chris Vitale on August 1, 2013
Format: Hardcover Verified Purchase
I chose this rating because I myself am an entrepreneur and absolutely loved this book. I could have saved the money on my MBA had this book been available years ago!
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32 of 36 people found the following review helpful By Jim on August 20, 2013
Format: Hardcover
The Good Fail was, for me, a very interesting read. It displayed a thought provoking alternative viewpoint on how things can go wrong for entrepreneurs. Some of the issues covered are not applicable to each and every possible experience. But it proved to be a very insightful read for any and all who want to learn about the ins and outs of failure and success.
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32 of 36 people found the following review helpful By TurkishGamer on August 20, 2013
Format: Hardcover
Although this isn't the best in the field, this book provides very good incites to entrepreneurs on their way to success. Despite being his first book about the field, Richard Latman has provided a great book for entrepreneurs throughout. Overall if I had to sum it up, it is a very informative and yet interesting read (hard to find both these attributes in 1 book).
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32 of 36 people found the following review helpful By Christopher DesRoches on August 20, 2013
Format: Hardcover
I thoroughly enjoyed Richard's account of the ups and downs of the business world. We've all heard the success stories, but few entrepreneurs have the courage to speak of their downfalls as well. The Good Fail excels at throwing you into the whirlwind of the technology industry while incorporating feelings of triumph, humor, and despair among others. I particularly enjoyed that the author doesn't shy away from describing his shortcomings and bad luck. It's a nice contrast to the commonly expressed sentiment of businessmen being flawless idols to be worshiped. Instead we get a picture of a man who is all too human, and experiences the whole range of the emotional spectrum, not just the high parts. Definitely recommended for inspiring entrepreneurs, but enjoyable for anyone that enjoys a good story.
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Format: Hardcover
It's a good read for entrepreneurs because it shows how things can go wrong. You really end up hearing a lot more of the success stories, but this will help you be successful. You can learn from what went wrong and avoid doing that yourself. It's a really honest account, and it mixes both personal experiences and tips to maximize the readers' experience. The author is also a good authority on the subject, and his credibility really shines through in the text. It's absolutely an interesting take, and I highly recommend it.
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