People often confuse success with luck. Sure, there may be some “luck” involved occasionally in some people’s stories, but at the end of the day successful people are not just lucky, they work hard and are more determined more than their peers. Failing in business is a key in order to succeed, that might sound counterproductive, but you won’t have the best possible outcome if everything was just handed to you.
Why Failing in Business Isn’t Always a Bad Thing
Just because you fall on your face and think you are failing in business, that does not mean that you are actually failing. Similar to a baby learning to walk, just because you failed once does not mean you have failed indefinitely. If a baby takes one step, we applaud them and get super excited because they did it! Then they fall and do it all over again, but each time they fall, dust themselves off and keep going. If they fell that means they did what they set out to do, which is the opposite of failing.
The point is, that even though we all fall sometimes, which one can view as failing in other circumstances, they took a step and walked, which means they did what they set out to do. The same thing goes for “real life”. Whether you are starting your own business or trying to work your way up the ladder at the company of your dreams, there will be setbacks. You can choose to view these setbacks as just failing in business or making it a learning experience.
From every learning experience, you will not only learn what to do better next time, but it will also make you a stronger leader, more compassionate, and well-rounded as you learn from your mistakes. Everyone makes mistakes, it’s inevitable, failing in business is just part of that process. This is a process that will not only make you stronger but will help you learn and grow. Only you can learn from your mistakes within your business life as only you know what your goals and desires are. Failing in business is not a bad thing!
Real-life Examples of Those Who Have Failed Before Succeeding
There are more real-life examples of those who have successfully failed in business before being successful than you might realize. Success is never overnight, although it may appear that way to outsiders, failing in business is part of the process to reach success. A few of our favorite examples among many…
- You know that Albert Einstein was a genius, but did you know that he had speech difficulties as a child and was thought to be mentally handicapped. He went on to not only win a Nobel prize but is one of the most well know geniuses of modern time.
- Michael Jordan was cut from his high school basketball team and instead of giving up he just practiced harder and now is arguably one of the best basketball players ever.
- Elvis Presley failed his music class and was deemed a social misfit, but turned that around to be the name everyone associates with rock and roll.
- Did you know that Disney, United Artists, and Universal all rejected George Lucas’s Star Wars? Pretty sure they are kicking themselves for that one!
- Julia Childs was almost 50 years old when she became famous for her well-known “Mastering the Art of French Cooking” book.
From Vincent Van Goh to Abraham Lincoln, so many more well know, famous people experienced failing in business. What made them different is that when they failed, they got up again and tried that much harder. Each failure just brought them closer to their dreams and goals.
There is no perfect time to become what you have always wanted to be or the perfect time to try something new. The right time is when you are ready to take the first step and the magic will happen with perseverance, hard work, and failing in business along the way.
Read More: Making Business Travel More Fun
How to Keep Going Despite Failing in Business
Just because you occasionally fall on your face and think you are failing in business, does not mean that you are actually failing in the long run. Similar to a baby learning to walk, just because you fail once, twice even ten times, that does not mean you have failed indefinitely. If a baby takes one step, we applaud them and get (probably more than needed) super excited because they did it! Then they fall and do it all over again.
The point is, that even though they fell, which one can view as failing in other circumstances, they took a step and walked, which means they did what they set out to do. The same thing goes for “real life”. Maybe you don’t get up right away, take a break, step back a breather from your goals. Often when we take a step back, refresh and start new, the passion comes back even strong and the ideas flow even easier. Instead of thinking that as you are failing in business you are failing in life, think of it as each step back is helping you get further along down the road.
As Thomas Edison famously said “Many of life’s failures are people who did not realize how close they were to success when they gave up.” – Thomas Edison.
By failing in business, you are just finding out what does not work. From a business idea to the new cutting-edge invention, the more mistakes you make will just make you more successful down the road. After you find out what doesn’t work, then you just cross that off your list and move on to the next idea.
Failing in business is not the end of the road, it is part of the process to success. Even the most successful people have fallen flat on their face, at least once, if not multiple times. Reach for the moon, because even if you miss you will land among the stars. Who knows what famous failure might end up making you famous.
WANT TO READ MORE?
Check out this article on What you Need to Know: Adapting to the Changing Workplace and the Fluid Workplace Culture.
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