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Entrepreneurs Have An Empowering Perspective of Failure.

Entrepreneurs view failure as empowering, learning experiences rather than true failures. This perspective is exemplified by Thomas Edison, who famously said "I have not failed, I've just found 10,000 ways that won't work" in his pursuit of inventing the light bulb. Experienced entrepreneurs understand that there is no such thing as true failure in diligent efforts, only lessons that further their work and ability to create value for others. Rather than failure, setbacks should be seen as gaining experience on the path to success.

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55 views

Entrepreneurs Have An Empowering Perspective of Failure.

Entrepreneurs view failure as empowering, learning experiences rather than true failures. This perspective is exemplified by Thomas Edison, who famously said "I have not failed, I've just found 10,000 ways that won't work" in his pursuit of inventing the light bulb. Experienced entrepreneurs understand that there is no such thing as true failure in diligent efforts, only lessons that further their work and ability to create value for others. Rather than failure, setbacks should be seen as gaining experience on the path to success.

Uploaded by

Ann
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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“Entrepreneurs have an empowering perspective of failure.

A possible counterpart for this is the quote cited by Thomas Edison which was:
"I have not failed. I've just found 10,000 ways that won't work."
Edison was famous for never giving up in his search for the construction of the
electric light bulb. Without his tenacity and almost hard-headed way of never giving
up, his idea may not have ever come to fruition. What if we didn’t have the light
bulb? My life at this very moment would be vastly different. It’s difficult to see
anything but failure when you try time and time again and nothing seems to work,
but enduring through adversity is a sign of character. We can’t allow ourselves to get
letdown when something doesn’t go our way. Look at life’s little disasters as just
another “way that won’t work”, and find an alternative path.
The world’s best entrepreneurs know that there is nothing that could happen
through their attentive efforts that could be considered a failure. And when we
realize this, we are freed up to do our best work and deliver the best possible value
for ourselves, our families, and our investors.
The interesting thing about the entrepreneurs with the ‘failure’ badge is that they
are still in motion. They are often the ones you want on your team because the
failure bit is a myth. The reality is that they have just been testing the way the world
works longer than others. You want them to work with you because they hopefully
know more. In this case, Failure is better named for what it is: Experience.
Let's imagine a trip through a dense forest. Moving along your path you approach a
deep, quickly flowing river strewn with rocks. You make several attempts to cross,
and end up getting wet but not through to the other side. The third try works as you
intended, and you are across the stream and continue your journey. Were the first 2
attempts to cross failures? If you have wide enough vision, you understand that the
first 2 attempts were successful. In fact the attempts that did not work are the ones
that got you across the river. It just wasn't clear at the time. The 'failed' attempts
taught you how to cross rivers so they are inextricably part of your success in
crossing.
"Success is not about arriving. Successful people bring success to everything they
do.” And its true -- success is a state of being. It is about being larger than your
outcomes. It is about creation and movement, taking any event as feedback and
constructively channeling it into the next step of your intent to create value.

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