When Failure is Good: Learning from Failure
“Only those who dare to fail greatly can ever achieve greatly.” – Robert F. Kennedy
Growing up, we learned that all failures are bad. So when we did fail, it hung over our heads as an unpleasant reminder of what happens when we try something new. But failure can be good when we learn from it, and embracing the “fail fast and fail often” mentality, which focuses on risk-taking and innovation, can turn one step backward into two steps forward. Failure is a powerful teacher. It shows us what doesn’t work, so we can more quickly find our way to what does. Failing in sales and business can often be an effective and even necessary route to mastering the art of the pitch and closing more deals.
Learning from failure is a powerful skill that takes confidence in our abilities and strength to admit fault. Here are some strategies to turn a setback into a comeback:
Failure is a powerful teacher. It shows us what doesn’t work, so we can quickly learn what does. Share on XDon’t Worry About What You Can’t Control
You can’t change what’s out of your control, and worrying about it will only make things worse. Take stock of what you can control, such as your planning and skillset, and use it to re-evaluate your process to prepare for a better outcome.
Own it
Everybody fails. Own it and forgive yourself, then learn from it and turn this negative into a positive. The best thing to do is to be honest with yourself and set your mind on improving, and the only way you can truly do that is taking responsibility for the missed opportunity.
Revise the Plan
Before you set out, what was your plan? Often times, the cause of failure is a simple oversight or misplaced effort in the planning phase. Focus on everything that happened before the failure and see what can be changed; there may be one or two things you could’ve done that’ll seem obvious with hindsight.
Seek an Outside Perspective
Sometimes we’re unable to see the cause of our failure because we lived it. An outside perspective from someone you trust, such as a mentor who is in a better position to see where things went wrong, might provide helpful guidance. Be open and honest with them about your failure; it’ll make you feel better to talk about it, and your mentor will respect you for seeking honest feedback and learning from it.
Believe in Yourself
Something went wrong, so trust yourself to make it right. It’s too easy to dwell on failure and beat ourselves into submission. A failure doesn’t make you a failure if you learn from it. Believe in your abilities and your strength to move forward because you will get better. Take risks. Expand your comfort zone. One day, you’ll look back on this and be glad it happened because it made you realize your true potential.
Try Again
The worst thing to do after a failure is stop trying. Failure can be a gift when it provides insights that help you perform better on the next attempt. When you give up, you waste that valuable information. Learn, grow, and keep moving, and this time you might just win big. There’s only one way to find out.
The worst thing to do after a failure is stop trying. Share on XSetbacks are stressful, and can keep us from chasing our goals if we let them, but the courage to own it and learn from failure helps us pivot onto stronger ground for new opportunities. Millionaires and celebrities are no strangers to this; they’ve all experienced failure. Can you imagine if Steven Spielberg quit making movies after being rejected from film school? The most important thing to do after a failure is to learn from it and try again.
With the help of these strategies, your feelings of failure will subside and you’ll become even more confident in reaching your goals.
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