If there's one thing entrepreneurs all agree on, it's failure. Some of us fear failure so much that it stops us from ever taking the first step in business. For others the promise of success is enough to get us over the line. In this podcast you'll hear from founders who have looked failure in the face and lived to tell the tale.

Anou Khanijou is the Managing Director of Anouconcept, but she created her first business before the age of 18. Starting with a successful Thai restaurant, she then created another restaurant, followed by a nightclub. Then came an almighty failure, one she's determined to never repeat.

William Du & Carolyn Wong are co-founders of giftware retailers Short Story. Growing from market stalls to department stores, this couple has seen success and failure - often in equal measure. William and Carolyn share are enjoying success, but share their failures in the hope that you won't suffer the same fate.

Masters Series puts industry professionals in front of a room full of startups and entrepreneurs to share their experience and secrets to success.

Thank you to Jahzzar for the music.

Masters Series is presented by WeTeachMe.

The Masters Series podcast is produced by Written & Recorded.

The views expressed by the contributors on this podcast and linked websites are not necessarily endorsed by the publisher.