In a world that shouts about success, it’s a natural human trait to regard failure as a negative thing. People often cover up their mistakes and find them hard to admit to. In my business I’m a huge believer in and encourage my team to shout from the roof tops about their failures (ok sometimes its best to do that behind closed doors of course) so they can learn from them. I try and encourage an environment where they aren’t afraid to come forward and admit mistakes, after all if they don’t take responsibility for things, then no one benefits.
I believe that my mistakes spur me on just as much as my successes do. As the great Albert Einstein said, ‘A person who never made a mistake never tried anything new.’ In business there’s no right and wrong, and no clear path ahead. You simply have to try your best with the tools and resources available to you.
No successful business got to where they are today without taking measured risks. Some of these risks will have paid off, and others won’t have. But to take bold steps forward in business (and in life in general!) you have to take a risk once in a while. As long as these are calculated, measured and reviewed, then whether they succeed or fail doesn’t matter that much. Along with your successes, your failures go towards creating a richer tapestry of life, just remember that next time something doesn’t go your way.
Learning from your mistakes is a vital business skill to acquire. Rather than brushing your losses under the carpet, it’s crucial that you review them and understand what went wrong. Giving a bad decision a post mortem may be an uncomfortable task, but the lessons that you’ll learn will strengthen you and ultimately push you one step closer to success. Consider a top sportsperson/team – they’ll be using video methods to analyse not only their opponents before a game but how they played after it, always looking for the edge.
Take any successful person, look a little closer, and you’ll see that before their big wins there’ll be plenty of ventures behind them that just didn’t work. But successful people like this guy have resilience and an ability to self-reflect in common. They are able to acknowledge their mistakes, learn from them and move on. They value their mistakes just as much as they do their successes. These people inspire me.
So it’s time to stop seeing your failures as disasters. They are simply indicators of what you need to do next. Let them be the encouragement that you need to stride forwards.