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Success Recipe: Why Early Business Failures Are Important

When a business crumbles, it becomes breaking news, while its success is suppressed. With every failure, we ask ourselves, ‘why me’ but we f...

When a business crumbles, it becomes breaking news, while its success is suppressed. With every failure, we ask ourselves, ‘why me’ but we forget that failure did not start with you.

Every success has a story of failure behind it, dating back to Thomas Edison’s numerous attempts to create a light bulb, and failing a thousand times. 

From Edison’s story, we see that, success that comes without failure is rare, it is fictional.

Failure is not an option is an oversubscribed statement. In business, it is the opposite. Almost 90 percent of new businesses fail in their formative years. 

While others are closing, more are opening. The high rate of new businesses that fail should not stop your dream.

Write your script

Before Stephen King was famous, selling millions of books, a publisher once told him, “We are not interested in science fiction which deals with negative utopias. They do not sell.”

To King’s credit, he ignored the rejection letter, and he published The Running Man in 1982, under the pseudonym Richard Bachman. 

At the last count, he had sold more than 350 million copies. Many of his writings have been adapted into films, television series, miniseries, and comic books.

King knew he was a writer, and no amount of rejection could stop him. The rejection letter was part of the journey towards greatness. 
“Failure after long perseverance is much grander than never to have a striving good enough to be called a failure.” – George Eliot. (Image: Pixels). 
The caliber of great writers is to never give up, even when they are turned down, they write another chapter and pitch to the next agent or book publisher.

Talent is often overvalued

“Nothing in this world can take the place of persistence. Talent will not: nothing is more common than unsuccessful men with talent,” noted Calvin Coolidge. 

He added: “Genius will not; unrewarded genius is almost a proverb. Education will not: the world is full of educated derelicts. Persistence and determination alone are omnipotent.”

From Coolidge’s stamen, people with lesser talent are usually driven by the determination to become great. 

Those with talent only, tend to relax, convinced that their talent will make a way, sadly, many falls by the wayside in their life endeavors. 

Some of the educated folks find comfort in their college degrees, they are not willing to take the risk, in fear of failure, so they become ordinary.

According to Ernest Hemingway, who was also served with a letter of regret from a publisher in 1925, “But man is not made for defeat. A man can be destroyed but not defeated.” 

True to his belief, Hemmingway discarded the disapproval. Most of his works are now classified as American literature classics.

Learning from failure in business

Contrary, failures are not a mistake but stopping what you do is the greatest form of failure. Do the best in the circumstances you are in, and the rest will fall in place in due course.

“A failure is not always a mistake; it may simply be the best one can do under the circumstances,” B. F. Skinner proposed. “The real mistake is to stop trying.”

Failure is the master teacher

“It’s fine to celebrate success but it is more important to heed the lessons of failure.” – Bill Gates.

Behind every unsuccessful bid or venture, there is a valuable lesson to be earned. If you are willing, you must revisit the past and you will avoid making the same mistakes in the future.

Again, Napoleon Hill, famous for his self-help book, Think and Grow Rich, knew that failure would breed success if it is followed up to find the previous mistakes that you made.

Hill’s eminent quote, “Every adversity, every failure, every heartache carries with it the seed of an equal or greater benefit,” has become sought-after statement.

For your benefit, ignore how many times you fail, it is not the end. When you admit failure, you will be finished and not rise again.

“Failure should be our teacher, not our undertaker. Failure is delay, not defeat,” Denis Waitley was inspired to say. “It is a temporary detour, not a dead end. Failure is something we can avoid only by saying nothing, doing nothing, and being nothing.”

Success is a culture

“You cannot climb the ladder of success dressed in the costume of failure.” Zig Ziglar. Success has a formula; it is a culture that has to be followed to attain it. When you choose to pursue the success route, you must forget your failures and focus on the task ahead.

Failure, not an option

“I can accept failure; everyone fails at something. But I can't accept not trying,” Michael Jordan said, confirming that his 15 seasons in the NBA and six championships with Chicago Bulls were also dotted with adversity. 

On the pitch, athletes seem invincible, however, the reality is that they have their struggles but the difference is that they preserve to reach their goals.

Make friends with failure

Best friends are known to share their secrets, including aspirations and goals. Don’t hide your failure, but rather scrutinize it, explore it, and in doing that you will learn how you failed, and how you can improve in the future.

But how best to this is explained by novelist, Michael Korda, “Never walk away from failure. On the contrary, study it carefully and imaginatively for its hidden assets.”

Success after failure is sweeter

“Failure after long perseverance is much grander than never to have a striving good enough to be called a failure.” – George Eliot

“Before success comes in any man's life, he's sure to meet with much temporary defeat and, perhaps some failures. When defeat overtakes a man, the easiest and the most logical thing to do is to quit. That's exactly what the majority of men do. – Napoleon Hill

Satisfaction is a sign of failure

By Thomas Edison’s standards, every being who gets satisfied in life by anything has reached his peak, and that a definition of failure. However, discontent him, fuels progress and will to succeed and more. 

Early gratification is the killer of inspiration and success. In short, never be satisfied with anything, as long as you are alive.

“Restlessness is discontent and discontent is the first necessity of progress. Show me a thoroughly satisfied man and I will show you a failure.” – Thomas A. Edison

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