Odds are, at this point in your life, you’ve already let down your at least one of your friends or relatives in some way. You’ll probably do it again.
You’re going to fail to perform. You’re going to make mistakes. You may even form what seems to be a pattern of screwing up.
You’re probably going to feel terrible about it. Most hardworking people don’t like to fail and take it personally when they do.
So, what’s the best way to take responsibility for failing and for correcting that failure while still keeping your chin up? Approaching things with an entrepreneurial mindset can make all the difference in the world.
Entrepreneurs succeed when they create value for clients. When an entrepreneur fails to please a client, they lose work. Sometimes things work out that way. Providing a product or service in the real world sometimes means not being able to provide the kind of value your clients want.
Do entrepreneurs give up or shut down their companies when they disappoint or even lose a client? Of course not.
Approach life as an entrepreneur. Don’t let failure stop you. You have so much to offer so many people now as well as in the long game of your career. Keep developing yourself and getting better at providing value for others. Use your failure as feedback, not as an opportunity to shut yourself down.
Learning Exercise:
- Pick one of the pieces of content from above and publish a blog post telling us what you learned and how you intend to apply that lesson in your life.
Questions for reflection & discussion:
- What is failure?
- What role does failure play in the learning process?
- Why do people tend to fear failure?
- What are some practical ways to bounce back from failure?
- Is failure mostly good or mostly bad?
- Do successful people ever fail?
- What’s the biggest difference between people who give up and people who keep going?
- What’s the difference between failing and being a failure?
- 1.1. Taking Failure Like An Entrepreneur
- 2.2. How to Build Social Capital
- 3.3. The Entrepreneurial Value of Economic Thinking
- 4.4. The Entrepreneurial Value of Philosophical Thinking
- 5.5. The Entrepreneurial Value of Historical Thinking