Should I still list this on my application?

In 2017 I opened an online business as a junior in high school. I hired a small group of friends to help my manage our social media and website. Unfortunately, keeping the website alive + advertisements were costing us too much and we could not make a profit. We had to close it about 2 months later. Could I list this experience as an extracurricular/leadership position even though it failed?

Of course! It will show that you are a self starter and a leader.

hmmm… you don’t want to just say “Started online business”…you usually want to talk about your accomplishments. But …you didn’t really have any.

Because “started a business with no real business plan to even stay in business for 2 months” is not much of a thing that colleges would find valuable?

This is like “I joined the Chess Club but I didn’t like it and quit 2 months later”

Topic for an essay maybe?