“I’ve missed more than 9,000 shots in my career. I’ve lost more than 300 games. Twenty-six times I’ve been trusted to take the game-winning shot and missed. I’ve failed over and over and over again in my life… and that is why I succeed.”
Michael Jordan
Embrace the benefits of failure! There’s such a huge focus on success in business, that we often forget what failure can teach us. So let’s de-stigmatise it. Learn from failure, adapt what you do, and use it to move forward.
By allowing yourself to fail (and therefore learn) you can actually accelerate your progress. If you think you’ll never fail, you’re probably either being overly optimistic, over-investing (trying to ensure success) or taking too long. When used in the right way, failure effectively saves you time and money.
Many individuals would rather blame other people, circumstances, or luck on their inability to succeed. Ask why they failed, and their instinctive response is: ‘It wasn’t me!’ They’ll say the economy tanked, the market wasn’t ready, their suppliers couldn’t keep up. They distance themselves and dissociate from the failure, refusing to acknowledge their own responsibility for it.
Ask people why they have been successful, and their answers are filled with personal pronouns: ‘I’ and ‘me’. Some are only too happy to take ownership and credit (sometimes misguidedly) for their success or explain why they alone contributed to their own success.
Yet almost every successful person has failed. Numerous times. Most have failed a lot more often than you. So how come they’re successful now? Many of them would say it is because they learn from failure rather than avoiding or denying it.
Let’s look at some examples. Edison, in striving to invent the lightbulb, and in failing hundreds of times, became the most prolific inventor of his day – patenting hundreds of innovative products.
And from each ‘failure,’ he perfected the successful invention of the electric lightbulb. And there’s the Post-it Note story. In the 3M research labs, Spencer Silver was trying to develop a new adhesive. He invented one, but it was even weaker than their current products. It stuck, but was easily lifted off – the opposite of what he wanted: super-weak rather than super-strong. It seemed useless, but it wasn’t discarded. Four years later, another 3M employee, Arthur Fry, wanted something to stop his choirbook place-markers falling out. He remembered Silver’s adhesive, and used some on his markers. 3M started selling Post-it Notes nationwide in 1980 – 10 years after Silver first developed the ‘useless’ weak adhesive.
Some people think that you should forget any failure and move on. Rather, identify the factors of any failure and use them as measurable benchmarks to improve your performance. Unless we measure what works and what doesn’t, and make any necessary adjustments for improvements, we can’t say we have learned from our failures. The same is true in our personal lives. Be tolerant of all your mistakes the first time, but never allow the same mistakes to be made twice.
How many people launch a business, an idea or a concept, at considerable cost, without asking some very simple questions to test their assumptions on their market audience? Later, after considerable expense in time, money and effort, they make big changes, or even scrap their idea. How much could they have saved if failure or problems had been identified much earlier?
Rather than expecting success, expect that you’ll fail a few times. Instead of assuming you’re right, look at what is wrong with your business. Iron out any wrinkles or issues by starting small and testing along the way. Fail early, fail fast, fail cheaply, and feed in the knowledge you gain to perfect your product or service – making it incredible in less time, at less cost.
Eric Ries pioneered and popularised The Lean Startup movement which has this philosophy at its heart. It is a business development and innovation methodology that both accelerates and yet minimises the impact of failure, and has been adopted by both small and large business’ strategies. Ries advocates continuously testing your vision and assumptions through ‘validated learning’: testing in the market; feeding in the results to inform the development of your ideas or products – and continuing to test and improve. Using customer trials, consultation and feedback, a business can thereby create products or services that meet customer demands and cut the risk of large scale failure by accelerating the discovery of problems and finding solutions early on.
In short – failure can be a fantastic way of learning. Ask yourself, are you failing enough? Have you learnt from your failures? If we learn so much from them, why not face them more often and find them faster? Take risks, experiment, and learn to love failure for the benefits it gives you. It’s the basis of any Research and Development process within business. Many successful companies (Google, 3M) set up teams deliberately to experiment by trial and error. It’s how groundbreaking innovation, excitement and success happen!
If you keep doing what you do, you’ll just get the same results. To do something incredible, do things differently. Strive for accelerated learning through accelerated failure, and you will achieve amazing results in far less time.
How can you push yourself more often to take risks on a small scale, and to embrace failure?
How can you accelerate your failures, make them less costly and learn more from them?
What improvements can you make, as a result of your learning from failure?
“You don’t learn to walk by following rules. You learn by doing, and by falling over.”
Richard Branson
Further Reading:
The Lean Start Up by Eric Ries (Amazon Link UK, US)
If the above topic, or indeed any of my blogs are of interest to you, then contact me and let’s talk! Drop me an email at getintouch@marcwinn.com.
Buy Me a Coffee
Did you love this article? If so please consider buying me a coffee.
Take The 50 Coffee Adventure
A Fun, Light and Easy Way to Build Connections
Or search your local Amazon store for "The 50 Coffee Adventure".
Brilliant! Now everytime I fail, I can feel like a success!
Stay away from investments that a large crowd of people have claimed to be a great opportunity.
Although the majority usually rules in most instances, this isn’t the case. When people agree that an opportunity is great, then things are likely to change really soon. When people make investments, they shouldn’t be
making, you should stay away.
When beginning investing in the stock market, it is wise to invest a small amount into many different stocks.
The stock market is risky, and if you just invest in one company, and it happens
to not do well. You will be losing a lot of money.
If you have more than one stock, you will be more secure.
Do not look at investing in the stock market as a hobby.
It is something that has a lot of risk involved and it should be taken very seriously.
If you do not have enough time, effort and patience to take
it seriously, then you should not get yourself involved with it.
__________________________________________________________________________
My favorites Today stock market
In reality, women are not just walking down a catwalk;
they are walking down the street or racing to work in 5-inch heels and a
2-ton bag, and unaware of how they are treating theeir bodies.
But onky do so if yoou like them andd if you feel goiod in them otherwise it
is a waste of money, time and wardrobe space.
When on the bottom half of a top, ruching helps to mimic a
waist-cinching effect, and also creates a smooth visual line to transition between separates.
І do not know if it’s just me or if peгhaps everyonе else enсountering problems with yοur
website. It appears as if some of the written tеxt in your posts are running off the screen.
Can someone else pleasе comment and let me know
if this is happening to them too? This might be a
issue with my internet browser because I’ve
had this happen previously. Appredciate it
Aren’t you tired of playing the game countless hours in order to generate the items
in the game. What outcome you get by playing it like 12 hours a day.
Small amount of items get increase and you’re happy with that.
What If I tell you that you can generate unlimited gems, resources and other things in the game.
YES!! Unlimited Items and you will not have to play the countless hours in order
to beat your friends or family members. If you are looking to the way to
get a ton of Gems, Elixir & Gold without spending your money, then this
Clash of Clans Hack website is for you.
As you could all know eight Ball Pool by Miniclip is the greatest and best multiplayer Pool recreation on the internet!
It provides you the capability to engage in for totally free towards other opponents.
It’s difficult to get coins when you don’t have the eight Ball
greatest resource four.3 this is why you will need this resource to present off in the multiplayer tournaments and can brag
with the eight ball final hack four.3 you were ready
to acquire all sorts of cues and table skin. With this eight Ball multiplayer cheat
you ready to enter the pool shop and getting everything to customise your profile to your eyes.
With two clicks you will have Free of charge Miniclip Credits, Unrestricted Free eight Ball Multiplayer Pool Factors, Totally free eight Ball Multiplayer Awards and last but not minimum Free eight Ball Pool Multiplayer Precision Hack.
You will practically always vehicle-win your 8ball games.
With the eight Ball Pool Final Hack 4.3, You will no
lengthier have to spend your whole day making an attempt to receive all achievements or
squander your valuable funds on pool cues, tables or boosts!
This 8 Ball Multiplayer Hack will conserve you treasured
time by having all what you desire in one
particular click, You will be in a position to adjust volume of coins you want far.
It gives many features that no other instruments will supply.
What are you waiting for? Make the most of 8 Ball Pool Multiplayer!
Need for Speed: Rivals mettra en vedette un jeux similaire à un besoin de
2010 Need for Speed: Hot Pursuit titre dans la franchise
Need for Speed avec des voitures exotiques et de la police poursuites à haute
vitesse. Les joueurs prennent le rôle d’un coureur
ou un flic, avec de chaque côté de la loi offrant son propre ensemble de défis, les risques
et les récompenses. Rivals mettra en vedette onze gadgets évolutifs tels que les PGE, ondes de choc et la possibilité de faire appel
à des barrages routiers. Le jeu se déroule dans le une ville nomme
‘Redview County’, une zone de monde ouvert qui est l’hôte de déchets entre police et aux voleurs.
Le monde ouvert mettra en vedette une structure similaire
à un besoin de 2012 for Speed: Most Wanted, avec
plusieurs sauts, des pièges de vitesse et les voitures à
débloquer.
Downloading Dice planet generally expenses cash.
I will provide you Dice Globe complete variation which you can
down load below for cost-free. Indeed you will be able to perform Cube Globe in a couple of minutes listed here for free
of charge, all you have to do is download Dice Globe with the hyperlink offered below.
We provided Dice Planet crack so right after you set up Dice World Alpha, you can perform it right away.
Dice World is a 3D action RPG sort sport that
is manufactured/produced by Wollay and his wife. Cube Entire world was started out in June 2011 and
now, the Alpha model is out previously.