Success and failures both are part of a successful journey. The only thing that separates people who succeed from those who don’t is a proper understanding of the power of failure.
Success requires that you learn from mistakes and missteps along the way rather than falling into despair and giving up.
When you encounter accomplishments of successful people—whether an enthralling stage performance, a beautiful work of art, an innovative business, or an ingenious invention—it can be easy to think that these accomplishments are the result of unusual brilliance and came into being perfectly formed.
But the truth is that most significant accomplishments arise out of hundreds of mistakes and failures.
Below Mentioned are the 3 key reasons why failure is key to success.
Treat Failure as a Teacher
I had heard many investors saying that they will invest in a team who had seen failure at least once. Have you ever wondered why? it is because with this founders know how to set the business plans, execution and avoid risks with their previous experiences.
Someone had said: “ Failure is the blacksmith’s hammer that tempers the sword of success ”
If we look at successful men and women through history, you will find that all the great people had failed many times in their early career. Henry ford quoted “Failure is the opportunity to begin again, more intelligently.”
Failure allow us to understand ourselves in deep
Failing in business means you don’t have what it takes to success. Great ideas means nothing if founders are not able to execute those excellently. Having failure in past guarantees that you had learnt from your mistakes and you will not be following the same path again.
If you choose to look for the lessons and turn your attention to improving at whatever it is you were trying to do (instead of just getting frustrated or feeling defeated) you really can dramatically and immediately improve your performance and take things to the next level.
In embracing failure, you understand that the best way to learn what’s possible is to take risks. You as a Founder must adopt and embrace failure as part of its culture and recognize that it’s not only OK but something to be celebrated.
Failure teaches us 1000s other ways won’t work. Once Thomas Edison said:
3. Some of the best growth happens as a result of things going wrong. Go for what you want. You have nothing to lose and so many things to gain.
You can’t know what something is like, how you will feel about it, or what will result from it until you actually are doing it. Do not be afraid of failures, Standup and do startup now.
Vijay Rathee, Cofounder of Bizztor