Failure: What We Can Learn From It – Episode 2 – How to Learn from Failures – Part 3
When you learn to fail early and often, you will find that your rate of growth will increase. It is important that you feel early because then you’re failure will be a shorter distance to fall, making it easier to recover. However, if you wait till something comes crashing down, it will be more difficult recover. You must increase your rate of failure in order to increase your success rate. Jack Welch, the former CEO of General Electric company talk about your ability to learn and translate that learning into action is one of your most competitive advantages. Your competitors are going to be unwilling to face adversity on a regular basis like you. However, if you can diligently apply these principles, you will always come out ahead. If you examine the most successful entrepreneurs of the top companies, that you will see that they also have overcome great adversity. People like Elon Musk have had to bridge insane amounts of cash for their businesses to survive, Steve jobs has had to pull unbelievable all miters in order to get a product ready for launch, and Jeff Bezos of Amazon.com has had to enter into product markets that he did not know whether or not they would succeed. When you feel early, you will avoid feeling when it really matters. Robert Kiyosaki talks about failure and who is afraid of it. Winners are never afraid of failure. Because all they see is the finish line. The people who are the most afraid of failure are losers – the people who expect themselves to lose. Make sure that you’re taking detailed notes during this training, and you watch all of the other videos in this particular series. If you’d like to come out to one of our business workshops, make sure that you sign up for tickets on the website.