What is Failure?

Becoming a successful entrepreneur is easy, eh??

You just come up with an idea, team up with some of your mates, if it’s software you find a guy who writes some code, you talk to VC’s who fund you, you launch, you create a crowd around your vision, you maybe even change the world in the process, after a few years you either sell your company or you retire rich and famous, you will be remembered as a person who created something and above all you succeeded.

Well, I’ll be honest now. What I just wrote, is surely a description of how it is not going to be. And what it hasn’t been for successful entrepreneurs.

While starting up a company (or basically anything in life), you are bound to face obstacles. There will be a thousand good reasons to quit along the way, each far more tempting than the previous. The people telling you it can’t be done, will outnumber the people who believe in your  visions. You will probably even begin to doubt your visions. And this is only the first weeks of your new venture.

It’s all beginning to sound pretty daunting. What if you just give up. Instead you decide to go and work for [Enter company name here] or the boss you hated.  Would certainly be easier.

But here is the catch. People who give up, give in, take the easy road, blend into the crowd or abandon their dreams and visions are not entrepreneurs. They are not the people who create new realities or change the world. Visionaries, entrepreneurs and people who are truly successful FAIL, but they don’t give up.

Take a minute to think about the following quotes from Thomas Alva Edison

“I haven’t failed, I’ve found 10,000 ways that don’t work.”
“I never failed once. It just happened to be a 2000-step process.”
“Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.”
“Many of life’s failures are people who did not realize how close they were to success when they gave up.”

This is exactly the mindset entrepreneurs have. Failing early and failing often is a road to success. It is actually a possibility to learn what works and what doesn’t work. Failing is an opportunity to say “This didn’t work, let’s try the next thing.” And this is true to all aspects of a start-up. What I’m not saying is that you should bail out or jump ship. No. What you should do is take the resources you have and experiment with as many alternatives as possible. Don’t try to design a perfect company or product right away. Rely on trial and error. Recognize what works and what doesn’t work and here BE HONEST TO YOURSELF. It will save you time and money along the way. Have the guts to say to yourself that this isn’t working and do something about it as early as possible.

What ever you do, don’t give up. Don’t QUIT. You will never truly fail, if you keep trying. And before you know it, you actually might be on the road to success.

—-

If you agree with anything I wrote, Go and check out The National Failure Day on Facebook or their website. Spread the word, because to succeed, we all need to fail several times. Celebrate failure on October 13.

Advertisements

One thought on “What is Failure?

  1. Pingback: Daily Leadership Thought #195 – Take Responsibility For Your Own Success « Ed Robinson's Blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s