In my speeches if there is one thing I emphasize it is to find meaning in your failures. There are numerous variables involved in a person or company failing. One thing is for sure failure is a by product of life’s evolutionary change spurring the human race to find new ways. Without failure we would not innovate. Business owners have little regard for failure. Failure is the dreaded “F” word. Nature’s punishment would be to grant all of us that which we desired. Even the lowly cock roach surpassed dinosaurs by evolving. Please share below. Thank you.
To increase the speed of growth personally and professionally fail forward faster. Finding our feet requires frequent bouts with failure. Hence, our goal is to be more tolerant of mistakes. Jason Demers contributor at Entrepreneur magazine made these observations:
“Entrepreneurs that tackle one business venture after another actually forget about their failures faster than other people. It’s a sort of selective memory, to only remember the good things in life, but it can help serial entrepreneurs approach their next project with as much gusto as the last.
And if you need anything to get a business off the ground, it’s gusto.
A study published in the Journal of Business Venturing of 576 entrepreneurs in Great Britain found that serial entrepreneurs who’ve experience some level of failure in the past have the same amount of optimism as they did before the failure. This is a marked difference from the one-time entrepreneurs, who are more likely to be less optimistic after a failure.
Learning from one’s mistakes is always a good idea, but it shouldn’t affect your level of optimism for what the future holds. Not if you want to succeed, that is. Take Oprah Winfrey. If she’d quit after being fired from her first TV anchor gig in Baltimore, she’d never have gone on to build a media empire or to build a net worth of $2.9 billion.
What if Henry J. Heinz had let his initial venture as a purveyor of horseradish spoil his dreams? He’d never have built a ketchup empire. You get the idea.” Read Jason’s full article via Entrepreneur.com.
Support of failure is not tolerance of sloppy work. Within yourself and your organization insist that something to move you forward has been learned quickly followed in a modification or product and behavior.
If you enjoyed this post we invite you to arrange for Jim to speak at your next event. Please complete our contact form here or call 719-264-7759 to set up an appointment. Thank you.
Jim is president of InnoThink Group and Leadership Matters. He is a leader in workplace learning, productivity, performance, and leadership training solutions. For over 25 years, we have helped companies improve their performance, productivity, and bottom-line results.