Every entrepreneur faces challenges, and many of them will tell you it's how you handle those challenges that will determine success or failure as a business owner.

Here, five tips for success from business owners who know what growing and winning are all about. Consider these words of wisdom from Entrepreneur Magazine's Emerging Entrepreneur of 2011 Adam Nelson and Entrepreneur of 2011 award winner Lee Rhodes.

 1. Put your networking skills to work. "Find people you can learn from," says Nelson, founder and inventor of the Good Nite Lite, who first created his product to solve his son's difficulties falling asleep. "What you may not need from them today, you may need tomorrow." ... Read more