• April 11, 2023
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    • How to love failure: 10 Tips to turn failure into success

      Failure is an integral aspect of life. Is this necessarily a bad thing? This concept has been understood differently recently and has become associated with expressions such as "embrace failure" or "fail forwards". The author Elizabeth Day, recently published How To Fail, which talks about what she has learned from painful personal experiences. The core concept is appealing: all mistakes are the building blocks of success.

      This deserves to be looked into more—and there's good reason for it. The Harvard Business Review states that to be successful in the twenty-first century, one must focus on factors other than price to stand out from competitors and focus on increasing revenues rather than just reducing costs. This emphasises the importance of innovation—the process of imagining and realising new ideas. Every time someone attempts to do this, the risk of failure is ever-present.

      It's difficult to tell beforehand what will work and what won't and usually this requires a lot of experiments and experience. Our courage to take these risks can influence our chances of success.

      How can you learn to accept failure? This article is relevant if you're having trouble coming to terms with failure. Here are ten tips to love failure.

      Tip 1

      Shift your focus

      Fear is an intense feeling that can be beneficial or detrimental. It can be used as a warning system: it can show you where your attention needs to go, any loose ends that need to be wrapped up, or any errors in your plans. 

      Once you get the signal, concentrate on it while letting go of the feeling of discomfort. Instead, pay attention to your fear in order to gain insight. Note down the message and plan how you will respond to whatever caused it. Does giving your full attention to the signal promote relaxation, mental clarity, and progress?

      Tip 2

      Fail in order to Increase Your Success

      Teams that dread making mistakes in the long run generate average performance and produce mediocre results. Why don't they try to strive for the unknown instead of playing it safe and getting rewarded for it? How do you handle it when they don't achieve the desired results?

      Establish a consistent process for setting achievable goals and ambitious objectives on a weekly basis to motivate your team to exceed expectations. A reward system that acknowledges both successful goals and attempts to reach goals that were not met will inspire your team to go beyond the expected and reach impressive results.

      Tip 3

      Think of Failure as a Beginning 

      Failure is an unavoidable part of life, like death and taxes, and it's not always a pleasant experience. Every failure opens up new roads and gives new insights. Don't dwell on the failure. Pay attention to the information that came with it and the new opportunities it presents. 

      Look back at 5 past failures: what wisdom did you gain from them, and would you be in your present position without them? You have probably learned more from failure than from any other source of knowledge. Don't fear failure. Learn from it and use it as data to lead you in the right direction.

      Tip 4

      Find Hidden Evidence

      By definition, failure is an outcome, but the evidence surrounding it is often concealed by time, people with an interest, or circumstance. Statistics on business failures, redacted project reports, feedback from ex-employees, and buried commercial data are all examples of hidden evidence that can be found in the business environment.

      This type of data can reveal a troubling reality: not all failures lead to successes. However, companies that went out of business, for example, may no longer be around—but their founders likely are.

      Unfortunately, it is often not in the nature of innovators to seek out negative data, as they are naturally more inclined to be positive and find possibilities in situations, but an investigation of hidden evidence can frequently reveal truths that will boost the productivity of innovation and/or reduce the costs of mistakes. Optimism is a wonderful thing, but only when people keep their eyes open.

      Tip 5

      Be Aware of Hidden Incentives

      It's often said that “What gets measured gets done,” but this is only part of the picture. Essentially, what is measured and rewarded is accomplished. There are two kinds of hidden incentives that lead to failure.

      The first is financial, and involves salaries, bonus payments, and stock cost. It goes without saying that businesses don't give out bonuses for not succeeding. On the other hand, there are other sorts of financial disincentives. For example, it would be pointless to declare a company's intention to be "digital first" while the executive team's compensation depends on non-digital routes.

      The second hidden incentive is psychological, and it is related to security and status. Neurologically speaking, we are all primitive beings with a need to keep and increase our standing in the group. This makes evolutionary sense: expulsion from the tribe has always posed a significant threat to any individual in human history. The way our brains are wired, however, means that we have not yet accepted that, in most cases, the world does not work this way. 

      As a result, much of the behavior seen in the workplace is driven by the need to preserve one's status and safety. Therefore, we fear change and failing. Hiding our failures is why the hidden evidence issue exists. We favor those who have achieved success, which accounts for the tribe's improved standing. 

      Accepting failure opposes our most basic self-protection and the basis upon which most organisations reward their staff’s performance. This alone makes it a rather hard task. What to do? Start by being honest with yourself and those around you.

      Carefully examine all the evidence, both overt and covert. Experiencing failure is uncomfortable, but it is also necessary. It is always beneficial to think of ways to reduce its effect ahead of time.

      Tip 6

      Draw Success from Failure

      Although not everyone fails at work, most people acknowledge that failure is a natural outcome of attempting something new.

      It's possible to fail, whether it's in the classroom, boardroom, or even in a family discussion in your house. 

      Whereas destroying a batch of cookies isn't the same as destroying a batch of vaccine doses, our response options are similar. We have the option to either learn from our errors, accuse others, or gain strength from our team.

      Tip 7

      Be Patient

      Following protocols, guidelines, and processes will help you succeed. Patience isn't something that comes naturally to all of us, and this can be our downfall. There's no easy solution for achieving success. Enjoy the process and don't rush. Nothing can ever substitute for experience. Wisdom is earned by learning from mistakes. Put another way, having experience means you've had your share of failures, but each time you've come away with some new understanding.

      Tip 8

      Freedom lies behind failure

      Like a baby learning to walk, you will find the success you crave if you can deal with the stumbles and falls that come with it. Without risk, there is no progress. However, taking risks can leave you vulnerable. Fear will come and people will think you're crazy if you follow through.

      Failure is part of the journey to success, and by learning from each mistake, you can bring your dreams to life. Don't let yourself down by living with regrets and unkept promises.

      You have the potential to succeed if you accept you will fail now and then. I can guarantee you that the joy and freedom you seek are hiding behind fear and failure.

      What challenges are you shying away from today due to fear of failure? Ready yourself and eager to succeed.

      Tip 9

      Failure as a lesson and a challenge

      Every failure teaches you something. One of the most talented and beloved painter of all times, Bob Ross, frequently stated, “We don’t make mistakes. We just have happy accidents.” In one episode devoted entirely to happy accidents, he said, “Anything you do, you can learn to use.”

      You may not agree with Bob Ross’s outlook on life, but your failures can be used for good. You can gain knowledge from them and use it in the future. It can take a while, but even mistakes can turn into happy accidents.

      If you view challenges as chances to learn instead of threats of failure, you will conquer your fear of failure.

      Don't look at potential failures as something to dread, instead, view them as challenges. This will give you a positive and pro-active attitude as you work toward your goals. 

      Rather than worrying, “Will people like this video?” tell yourself, “I'll practice until I'm satisfied with my performance.”

      If you're anxious that the launch of a new product won't go as expected, think of it as an opportunity to make the best product possible, with the debut as the first of many stages. And remember that trying to be perfect can disable, which can impede your personal and professional progress.

      Tip 10

      Cut Yourself Some Slack

      Don't forget that we are just human. When you feel overwhelmed by the fear of failure, take a break from your work and take some time to breathe. Leave yourself some wiggle room.

      Give yourself permission to make mistakes. Remind yourself, “It’s alright to make mistakes.” You have a lot on your plate, and it’s okay if you’re not perfect all the time. As with all things, you will experience some bumps in the road. The way we deal with our failings can often shape our identity. Don’t be hard on yourself, and don’t punish yourself either.

      Spend a moment considering how you got to this point, and then begin learning. Reflect on the successes you have had in the past. Make a list of your accomplishments and keep it somewhere you can see it throughout the day.

      Don't forget to recognize your successes and share them with your friends and family as you race towards your ambitions and make your life aspirations a reality. 

      Put your fear of failure to the side and take your business to greater heights by being your own biggest fan.

      In Conclusion: 

      It's impossible to dodge failure no matter how much effort we put in. We can keep a strong, supportive system that encourages, empowers and inspires us by having supportive friends, family and people around us.

      If you're having a hard time accepting failure, the tips in this article will hopefully help you better prepare for whatever life throws at you.

      Finding the lesson in failure, looking at failure as an opportunity for a fresh start, and seeing the hidden incentives can help with embracing failure.

      business man laughs at spilled milk



      Tags

      coaching, personal development, self belief, self esteem, self help, self improvement


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