Failure sucks. But it’s almost necessary if you want to succeed.

Failure sucks, period… and when it’s in business it sucks even more. I’m here to tell you that nothing is worse than failing, but I am also here to tell you that failure is part of success. As Bill Gates, co-founder of Microsoft said “it is fine to celebrate success but it is more important to heed the lessons of failure”. How many times did you think you had that spot-on idea and then painstakingly planned for weeks, months or even years to bring your idea to life, only to find out that well… it didn’t go so great. History is littered with with very big names who have failed time and time again but NEVER stopped trying. Names like Max Levchin, former CTO of PayPal, Reid Hoffman, founder of LinkedIn, Evan Williams, co-founder of Twitter, Caterina Fake, co-founder of Flickr, Marc Benioff, co-founder of Salesforce, Steve Jobs, co-founder of Apple and many many more. What if any one of these individuals would have given up on their dreams. What if they let failure dictate who they are or more importantly who or what they would become? The world may be a very different place today.

Opportunities for success and failure

Think about how many opportunities there are to succeed in business. There are also just as many opportunities to fail. The fear of failure can be one of biggest reasons that people neglect to make critical decisions. Is the fear of failure what keeps you from making important decisions? Decisions that can take your business to the next level perhaps? Tony Robbins, self-help author and motivational speaker once said “it is in your moments of decision that your destiny is shaped”. Can you relate?

Make decisions based on facts and not fear of failure

My company Paragon Media One Inc. has been in business for about fourteen years now. Throughout those years, I’ve been privileged to speak to many business owners and really dig deep to understand their business models and the very mindset that drives those who head up these companies. One thing I’ve learned… those who can make decisions based on facts and not “what ifs” or fear are usually more successful than those who are crippled by making decisions based on fear of failure. Can you think of similar examples in your business decisions?

Decisions, Decisions, Decisions.

There are many reasons why an individual makes the decisions that they do. Some may be financially motivated, some because they don’t feel comfortable with a business relationship, some for personality conflicts and lots more. Nothing holds you or your business back more than fear of making critical decisions because of failure. I believe that we hold ourselves back when we do this and because of it, we loose many opportunities that may come our way over time. Now I’m not saying to go out and make bad decisions just for the sake of making decisions, but when you learn to make decisions based on facts and not fear, you are much better off. Have you ever put off making an important decision? One that you know would have a positive impact on your bottom line?

Failure is nothing more than a learning experience. Don’t be afraid to fail. Next time you have an important decision to make, one that you may have been putting off for a while because you were afraid to fail on some level, remember this… “Many of life’s failures are people who did not realize how close they were to success when they gave up.” – Thomas Edison

 

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