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The Art of Startup Failure

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f you’re an entrepreneur, chances are you care deeply about growth, not just for your business, but for yourself as a leader.

If you’re an entrepreneur, chances are you care deeply about growth, not just for your business, but for yourself as a leader. That, in many ways, is at the heart of The Art of Startup Failure.

Over my career, I’ve watched and personally experienced the fine line between success and failure in building companies. I’ve seen smart, talented founders make small decisions that set them on a path toward costly mistakes. I’ve also seen those same founders, sometimes after failing once or twice, develop the judgment and discipline to make the right moves at the right time.

As an entrepreneur coach for more than 30 years, the stories in these pages are all drawn from real experiences I’ve encountered firsthand, with names and details (of the failure stories) anonymized. My goal is to help you recognize critical decision points earlier so you can avoid the seductive traps that feel right in the moment but prove disastrous over time.

Each of the next twenty-three chapters follows a similar pattern: a story of failure contrasted with a story of success in a comparable situation. These lessons aren’t meant to discourage you; they’re meant to prepare you. They offer both the context and tools you’ll need to navigate the uncertainty every founder faces.

My own journey began far from boardrooms and startups. I grew up poor in rural Mississippi, using humor to mask my feelings of inferiority in the classroom. During a chemistry lab, my science teacher, Mrs. Beard, pulled me aside with words that changed everything: "You're a smart young man. Are you going to choose to rot in this little town, or are you going to make something of yourself?"

It was the wake up call I needed. She believed in me and showed me I had options. She invested in me through science fairs, competitions, and tutoring until I graduated with honors. My music teacher, Mr. Lockhart, taught me how to play the French horn well enough to earn a music scholarship. Combined with my academic scholarship and military service, it was just enough to get me to college and a future I'd never imagined possible.

I know the power of having someone in your corner early on. I was fortunate to receive that kind of support throughout my career, and I’ve built my career on paying it forward.

My hope is that The Art of Startup Failure serves as that same kind of mentorship for you, offering practical insights you can apply to your own journey. The stories and frameworks here are designed to help you make better

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About Dr. Michael Burcham

Michael is an executive coach, entrepreneur, investor, and strategist with 30 years of experience leading investor-backed, high-growth organizations.

“I built and sold a $40M company with Dr. Burcham as my mentor. This is the thing: if you EVER get the opportunity to learn from this man, from that moment forward, you’ll list him as one of the most influential people in your life, even if you live to be 90. And, you’ll know how lucky you were to have that opportunity and you’ll immediately say YES to any chance to be in his presence again—his wisdom is that impactful.”

Sherry Stewart Deutschmann

Former CEO, Letter Logic

“If you are looking for a trusted mentor and coach for yourself or your leadership team, I highly recommend Michael Burcham. He has worked with me as my executive coach for well over a decade now. Our conversations and his feedback have helped me sharpen my critical thinking skills. He’s a trusted advisor that I can confidentially speak with about any issue—and I know I’ll get valued feedback. I highly recommend him.”

Ryan McGrath

CEO, Asset Living

“Dr. Burcham’s depth and breadth of experience makes even the most ADD entrepreneurial leader sit up and take notes! His coaching skills bring out the ‘best you’ possible. He selflessly shares the good, the bad, and the ugly—leaving you with an authentic and moving experience sure to spur action and professional growth!”

Julie Lenzer

Director, U.S. Department of Commerce

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If you are ready to develop winning strategies, contact me today to schedule a confidential discussion.

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