Member-only story
The Upside To Failing
Don’t bury your failures, let them inspire you. (unknown)
Where do you want to succeed? Is it losing weight, starting a business, writing a NYT bestselling book?
Are you afraid of failure? Ask yourself how many people succeed without first failing? And who succeeds without learning from their failures? I don’t know of anyone, and if you do, please let me know.
So one key to success is to embrace failure as a lesson to be learned. Use failure as feedback to make an adjustment to move forward on your next go around. This as many things in life is easier said than done.
Half of All New Businesses Fail
According to the Small Business Association (SBA), half of all start-up companies fail within five years. I think that’s a low number, because there are many entrepreneural start-up that aren’t on the SBA radar.
Why Learning From Failure is So Difficult?
Because the analysis of what didn’t work and contributed to the failure isn’t (always) obvious. The fact is that there may be a variety of interwoven and co-dependent factors in play that it’s difficult to determine the root cause. Sometimes drilling down into your mistakes and examining the faulty reasoning behind decisions…
