Entrepreneurship is not for the faint of heart. It requires passion, perseverance, the ability to take risks. and the very real possibility of failure. Many successful entrepreneurs have experienced setbacks and failures along the way, but they have also learned from these experiences and used them as opportunities to grow and improve. Take Steve Jobs, co-founder of Apple. In 1985, Jobs was forced to resign from Apple, the company he co-founded, due to internal conflicts.