Failure shouldn’t be a dirty word

Failure shouldn’t be a dirty word

Whether you’re looking to start a home business or you’re already running one – at some point you’ll be faced with the prospect of failure.

Take action

It’s easy to be overwhelmed by the threat of failure, but don’t let it stop you from taking action. Often the best way to tackle your fear of failure is head on. A wise friend of mine likes to say “beginning is winning”. Sometimes the hardest hurdle is the first one.

Get back on the horse

When you’re in the aftermath of failure, it can be hard to pick yourself up again. I’ve been there. You might need some time and that’s ok, but don’t give up on trying again.

Past failures do not mean future failure – it’s actually quite the opposite. Failure can be a great teacher. For a start, you can take stock of what worked and what didn’t. Sometimes the greatest lesson can be what not to do again.

An overnight success can take years

Many successful business operators have failed in the past, some have failed many times. The ‘next big thing’ wasn’t always the first thing that they tried.

Colonel Sanders established KFC, one of the world’s largest fast food franchises. However, his success followed a series of failures. He was fired from numerous jobs and started a number of ventures which would ultimately fail. At one point he was living out of his car.

Don’t be disheartened if your first attempt isn’t an immediate success. Success on the first shot is of course terrific, but also quite rare.

Words of wisdom

I’ll wrap up with a couple of my favourite quotes on failure.

Don’t worry about failure; you only have to be right once.

Drew Houston – Dropbox CEO & Founder

I've missed over 9,000 shots in my career.
I've lost almost 300 games.
26 times I've been trusted to take the game-winning shot and missed.
I've failed over and over and over again in my life.
And that is why I succeed.

Michael Jordan – widely considered the greatest basketball player of all time

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