• Benjamin

We Should Embrace Failure

Updated: Oct 24, 2020

We don’t want to talk about it. While LinkedIn is chock-full of aspirational success stories, privately we're burdened with faults and negativity bias.

Once you make a mistake, you face a choice: Get upset and blame others, or make amends and learn something new.

The choice to own your failure is not easy.

The benefits to accepting failure, however, are many:

Humility – The heroic narratives of startups can be deceiving. Mistakes ground us in reality and improve future decisions.

Growth – Recognizing and acknowledging your failure will make you stronger and more trusted in the long term.

Responsibility – Admitting accountability leads to teamwork and best practices required to succeed together.

Innovation – Inventing a better approach takes many unsuccessful experiments. (When a reporter asked, "How did it feel to fail 1,000 times?" Thomas Edison replied, "I didn't fail 1,000 times. The light bulb was an invention with 1,000 steps.")

Resilience – Recovering leads to the perseverance and the tolerance required for peak growth.

"Great success is built on failure, frustration, even catastrophe." - Sumner Redstone

After failure, reframing is critical. Instead of dwelling on poor results, focus on how you can impact the next outcome.

We learn a ton from failure. Many times, it builds the disposition for eventual success. While failure may seem fatal, you stand to gain a lot.

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