If you read the biographies of successful entrepreneurs, many of them have admitted that they achieved their goals only after persevering after many failures.
For example, Bill Gates first designed a traffic software that analysed and interpreted traffic patterns, called Traf-O-Data 8008.
However, when he tried to sell it, it turned out that it did not work as it should. Gates did not give up, and is now a billionaire who is the founder of Microsoft, using his money to make changes around the world.
Some people fail once and then give up pursuing their dreams, but they will never amount to anything, and you will never read about them.
As managers, we can face many small or large failures in our professional careers, but we must use them to our advantage in furthering our plans. Read this guide on how to use past failures for future success.
Develop Thick Skin – Whether you fail to meet a sales quota or do not meet a production deadline, the first time you fail can be embarrassing and incredibly upsetting. However, it is a great lesson in how to dust yourself off, and try again. The great thing about failures is that they teach those that experience them that work must go on, and it makes people stronger after experiencing the disappointment. Some of the most accomplished businessmen and women are those that took great risks, and you can only do that if you are not afraid to fail!
Learn A Lesson From Each Failure– Every single failure serves as an important lesson for the future. It’s important to really analyse what went wrong, and see what you could have done to prevent the mishap. Certain situations simply don’t turn out as you expect them to by pure chance or bad luck, but others do depend on your planning and execution skills. Therefore, review each and every failure and see what you could have done to make things turn out differently.
Improve on Your Mistakes – The biggest failure is not using situations that did not turn out as you would have liked them to to your advantage. If you look back at what happened, chances are that the entire try was not a big flop; perhaps some parts of your plan worked, but others did not. This provides you with a chance to innovate some ideas and improve other aspects to create a better version that will pave your way to success.
Fear of failure is the biggest roadblock to success. However, fear of not succeeding should encourage everyone to recover from failure and try again and again, if necessary.
Head of Training