The government agency that supports aspiring entrepreneurs is to hold a seminar to teach them how to bounce back from failure.

The Bermuda Economic Development Corporation will present “Fail Fast, Pivot Quickly, Bounce Back” at the Bermuda Underwater Exploration Institute on July 17 from 8.30am until 11am.

A BEDC spokesperson said: “Failure is often looked at as the end and at BEDC we are working to dispel that myth. We want to teach entrepreneurs that failure is just another step in the path towards building a successful business.

“The seminar will give entrepreneurs insight on what it is like to fail, teach them how to learn from failure and provide them with firsthand experiences that outline what it takes to turn that failure into future success.”

At the seminar, a panel of small business owners and entrepreneurs will share their own stories of using the experience of failure to foster success. Panellists include business owners Dakia O’Brien, of Wild Wing Wednesday; Rachel Bailey, of iHope Global; Beau Evans, of Cruise Port Ferry Management Ltd; Tulani Bulford, of Portland Lane Capital; Joy Rothwell, of Robertson’s Drugstore; and Leon Bascome, of Moongate Insurance Group.

Key topics of discussion at the seminar, the BEDC said, will include failure as a learning opportunity, dispelling the myth of failure as “the end”, getting back on your feet after failure, recognising failure before it happens, knowing when to pivot, and turning failure into success.

Attendees are encouraged to devise their own questions or discussion points, as there will be an open question and answer discussion period reserved for the end of the seminar.

The BEDC said the seminar will benefit entrepreneurs who have experienced failure, as well as people with an interest in launching a business but whose fear of failure is holding them back.

• You can register for the seminar at www.bedc.bm, or by calling 292-5570, or emailing info@bedc.bm. Tickets are $30, or $25 for BEDC registered members. A light breakfast is included