Failure is vital for success
Fail and fail big, Business Failure is vital for success. It offers countless opportunities to learn and grow.
Most entrepreneurs had to go through failure before finding success.
Poor people avoid failure. They live the whole of their poor life trying to be in a comfort zone.
If you study the lives of all rich people, they are risk takers. They have failed and failed and failed
No failure No winning
Failure set the foundations for how you approach everything that you do. If everything you do is working, you are probably not taking any risk and you are nowhere near achieving big wins that will set you apart from the rest.
You must do things that challenge yourself and force you to be the best of yourself.
I know one investor who said he will never invest in an entrepreneur you has not failed big.
He said a person who never failed think things are easy. An experienced entrepreneur knows all the routes to avoid failure because he has learned this from his failure.
For him, an entrepreneur who has never experienced failure is untested and has not learned from diversity.
Fail and Celebrate failure
Talking about failure when it happens ensures that your mindset accepts what has happened.
This makes you feel comfortable to share what has gone wrong and what you have learned from that failure.
Failure should be communicated thoughtfully to the right people. Junior members should get used to their bosses talking about failure.
This will make them feel comfortable and take failure as a lesson. They should see themselves as part of solving the problem, not part of the problem.
Feedback should be framed to sound like a benefit to the company. No pointing of fingers.
A big mistake can be good news for your company
Here is how.
Own up and move on
Act immediately, learn to take action when something goes wrong and solve the problem in a few steps as possible.
Owning mistakes made by your employee helps you to find the truth. Solving the problem boldly and quickly is a good indication that you are on your way to success.
Benefits of Failure.
- Those who fail the most learn the most. When you fail you learn what works and what doesn’t
- Failure is simply a signal that something is missing, through failure you uncover gaps in yourself, your strategies and your systems. You learn what needs to be changed or improved.
- Failure forces you to pause and consider how badly you need to continue.
- Big failures are often accompanied by big achievements
Winners are not afraid of losing but losers are. failure is part of the process of success. People who avoid failure also avoid success. Robert kiyosaki.
- By failing often, you learn to build an immunity to fear which is vital to business
- Having multiple failures keeps you humble, most entrepreneurs who have never experienced failures are vulnerable to giving up.
Thomas Edison said: I have not failed I have just found 10 000 ways that won’t work.
Failure is painful but when viewed positively it opens doors to opportunities for success. your ability to push through failure where others quit will lead you on the road to success.