The Importance of Failing

it is ok to fail

So, there there you are trying to build your new business. Never an easy thing but it's even more frustrating when your keep trying ideas and keep getting nowhere.

Don't sweat it, failing is a good thing. By failing we learn and here we'll discuss the subtle art of failing like a superstar.

Each one of us has made mistakes and we all make bad decisions at some point in our lives. Mistakes and wrong decisions are part of everyone's lives and business owners are no exceptions.

In business, things go wrong every day. As a business owner, it is easy to blame customers, employees, the economy and so on, but the fact is that it’s you who went wrong somewhere.

Whether you are a start-up or a well-established business, there are times when you make mistakes and take embarrassing decisions, that’s normal, after all, no one is perfect. The best way to improve is to learn from your mistakes and bad decision.

Most Successful Businesses make wrong Decisions during their Journey

Many self-made millionaires have stories about wrong investments, bad decisions, and working with the undeserving people.

But what makes them successful today is the way they've learned from their mistakes and improved upon them.

For example, Henry Ford, the legendary carmaker failed in his first three business attempts. Even Walt Disney went bankrupt many times even after he started creating successful films.

They choose to see failure as an opportunity to adapt and re-strategize without looking back.

No one is Perfect

If we all were born making perfect choices, things would get outrageously boring.

Even in today’s modern world, when there powerful technologies, data analytics, specialized business degrees, no decision gives 100 percent guarantee to provide lucrative results.

In simple words, you can’t force success and as soon as you realize this, you will make your life easier.

Accepting failure not only helps you improve planning but also encourages you to reduce conflict, allowing you to move forward easily. If you don’t want to try new things because you are afraid to be wrong, you won't step ahead and achieve your goals.

How to Learn from Mistakes?

Not every mistake is the same. Some are intelligent, some are complexity related and some are preventable. Regardless of what sort of mistake you’ve made, you should learn from it. Now if you are wondering how you could learn from your mistakes and make sure not to repeat them read on.

Accept that Being Wrong is a part of the success

Thomas Edison once said,

I have not failed. I've just found 10,000 ways that won't work.

Acceptance teaches you a lot. If you know where you were/are wrong, accept it. Rather, stop regretting it, crying for it, stop thinking about it at that moment. Think about it in the bigger picture.

Don’t take your mistakes as an embarrassment. Look for ways on how to improve them and if that is not possible, make sure not to repeat them.

It’s completely fine to be wrong at some point in time but make sure you learn from them. Learn to see the positive side of your mistakes, you will get inspired and do better in life.

Never wrong is always a wrong

Once in your lifetime, everyone meets someone who is planning to do something without fail. That’s quite good on their part, but hardly possible.

There is not even a single person who has been able to achieve success without any mess. Even today’s successful people also make several wrong decisions in their journey and waited for years to succeed in their businesses.

So, if you think that you will never fail, you will always fail. Success needs patience, determination, and persistence.

We should accept that failure is inevitable and we should accept it if we want to move ahead in life.

Don’t play a blame game

Blaming the other person for their mistakes and wrong decisions is easy. Isn’t it?

But honestly, you will not go a long way if you keep playing the blame game. It is a complete waste of time and energy.

Rather you should accept and take responsibility for your wrong moves and admit that you’ve made a mistake.

To do that, you need to understand the reason behind your failure. Since several things may go wrong, focus on how to make them right.

No mistakes + no bad decisions = No success

Now, this point doesn’t mean you start making mistakes and taking bad decisions intentionally.

It may sound counterintuitive to some, but it is the most important point to consider.

If everything in your journey is going seamlessly, you are not taking risks, and challenging yourself to achieve big wins, it will somehow affect your journey in a negative way.

Starting a business and expanding it involves many risks. Sometimes you succeed and sometimes don’t.

As mentioned earlier, people learn from their mistakes and if you don’t make any mistakes, you won’t learn anything and if you can’t learn anything, you will not achieve success as well.

Don’t doubt your capabilities

When you start a new business, nine times out of ten you will start doubting your skills, decisions and your instincts.

You are scared of making mistakes or taking some bad decisions.

These doubts will create internal conflicts over what you need to do to move forward.

Self-doubt is one of the most common mistakes many business owners make during the initial stage of their journey.

But one thing you need to keep in mind is there are no mistakes that can’t be recovered, you just need to move in the right direction.

You should push through self-doubt and stretch yourself and grow.

The Final Words

When you are planning to establish a business, a lot of people might say, take risks or don’t hold back.

The reason to say so is that they are preparing you for the risks that may come in your way and chances are, you will get scared and hold back.

Don’t beat yourself up too much as everyone messes up sometimes. If accept your mistakes and bad decisions and then work on them, no one can stop you climbing the ladder the success.

When you get it wrong, just admit it and always remember:

If you can’t change, accept it!

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