The lesson is, because there will be many lemons in life, to learn to make the proverbial lemonade - and be open and honest. That's the best way of doing damage control and positioning yourself for success.

Entrepreneurship is like a computer game in which you have to master every level before achieving success. Startups repeatedly stumble and have to go back to the drawing board. The best way to skip some levels and to increase the odds of survival is to learn from others who have already played the game.

The best way to direct kids is to be natural and honest.

If life hands you lemons, make lemonade! Words to live by, especially when you kept in mind that the only way to make them into lemonade was to squeeze the hell out of them.

The best way to make a steak is grilled over an open flame or pan sauteed in a cast iron skillet.

You will find that every successful entrepreneur has suffered many setbacks. These entrepreneurs just forget to mention these when they are doing interviews with the 'Wall Street Journal' or Bloomberg TV.