Failure can be a Good Thing

I know, I know, that’s a bold subject line. Just stay with me and keep an open mind…

It’s no secret that our worst fear is often failure. But what if failure was actually a good thing?

Encountering our fears and failures prompts the most necessary changes in our businesses.

Failure is the very seed of growth and success. Here is why:

Failure creates extraordinary change. Failure can act as a seed for two things: a road to despair or a foundation to grow. What grows out of the initial failure is entirely up to the person who “failed.”

It’s easy to become broken and lose motivation when things don’t go as planned. Instead, use the failure as a mechanism to reset your perspective, make a mental change or embark on a new, much-needed direction.

Failure is necessary to shake things up. Otherwise, we could coast along comfortably but we wouldn’t make any important leaps.

Failure builds tough skin. Failure has an effect similar to a calloused heel. It’s the protective layer we acquire from going around the block a few times and hitting a few bumps. Left soft and unprotected, we easily become injured. Failure builds a thick skin that can help anyone enter the big leagues without fear.

Failure keeps the ego in check. Remaining down-to-earth and honest is a challenge in today’s business world. When deal after deal is going through flawlessly and business is on a steep incline, it’s easy to get a big head.

With that, those experiencing constant success may even resort to dishonesty if it means not losing what they have. They become obsessed with success before realizing it; they’ll do anything to stay on top, things they would have never imagined. Partnerships and friendships are ruined.

Failure humbles us when we so desperately need to be humbled. It helps us remember where we came from and keeps us in check.

Failure creates “aha” moments. Failure creates the moment when something is finally seen, found, or understood in a way like never before – the “aha” moment. Why?

It’s like solving a complicated math problem. It’s tough to understand at first, but walk away for a moment and, suddenly, something clicks. The answer just comes out of nowhere.

But it’s not really coming from “nowhere.” It comes from a buildup within our minds as the constricting thoughts of failure and fear expand. The expansion results in explosive energy that breaks us out of constriction and into a highly energetic, creative state when things become clear and new insight is gained.

Failure propels growth as an entrepreneur. Failure prepares us for what lies ahead. Entrepreneurs come across things they didn’t know they needed to know almost every day. Failures catalyze much of this knowledge because they are unexpected. How else do we learn what we don’t know we need to know? It’s never something that can be planned.

I have a friend that refers to failure as, “not success yet.” My hope for you is that after reading this, you also consider failure to be a good thing.