Ladies and gentleman, it's OK to fail at business But there are two types of stories that we rarely get to hear. The first is from those that had all the makings of someone who could succeed in business, but failed to maximise their full potential. The second is the lessons learned from those women who did make it, but don't come back to tell the tale of where things went wrong, how they responded, and the lessons learned as a result. A video called Famous Failures is also doing the rounds on the internet. Here it is published on Youtube, courtesy of MotivatingSuccess. Former Dragon's Den investor, Rachel Elnaugh, is an excellent example of a person that has been brave enough to tell her story of failing. She's known for setting up and growing experience company Red Letter Days from a shoe string budget to a multi-million pound business, eventually earning her place as the only female dragon investor on the first two series of Dragon's Den. But in 2005, her company went into administration. By 2007 Rachel had written a book titled Business Nightmares to help other entrepreneurs on their journey by sharing the story of her success and failure. Understandably failure is feared, but it is also evidence of trying and it is at those low moments that resilience and strength is built. So why do we not hear of more stories like Rachel's? Barbara Kasumu is co-founder of Elevation Networks, a youth employment charity that aims to bridge the gap between disadvantaged groups and industry. She has worked with government departments, NGOs and various youth projects across Europe, Africa and the Caribbean and writes on youth unempoyment and careers for Telegraph Wonder Women. Follow her on Twitter @barbarakasumu