I do not believe that failure is the ultimate teacher because there are some people that have driven their business from zero to millions of Dollars without having to fill even for once . It is also no guarantee that failure develop character.
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We don't tend to think about the mistakes we make when we succeed in any business even in the exam ,we tend to forget everything , but we think when we fail and we apply another startegy.Actually failure is the best teacher, because it's the fundamental of your experience. if you do not fail, you can never have experience so unless you fail you will learn.
That's an experience. Automatically when you fail in anything you do, you automatically have an idea of how to do it better next time. I believe that experience is still the best teacher.Whenever you fail at a particular thing it has taught you the things that you need to avoid whenever you are going forward and that is why it is regarded as the best teacher all around.
Yes failure is a great teacher because it can help you to know the wrong step and you will never follow it again in your business, and it's will help you to plan well whenever you are starting another business.Failure is life's ultimate teacher that instills discipline and growth. You need to fail at certain point so as to scout for new strategies to brin solutions to your problems