Newsletter for July 2008: The Joys of Repeated Failure

This Months Thought
The Joys of Repeated Failure
Quotes of the Month
Strictly Business: Lead With Your Strengths
Humor: Warning: Awful PUNS Ahead!

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Get in the game. Take reasonable, creative risks. Be willing to lose or "fail". Learn to embrace unexpected and (sometimes) painful or expensive outcomes as part of the tuition for success. Unless you are willing to pay the price, there is no chance to reach the top of the mountain. Go for it!
 

For most of us, "failure" has a tragic and undeserved reputation as something bad and painful. It's very unfair, and it holds us back and limits our success. If "failure" had an attorney, it would have an excellent chance of winning a lawsuit for defamation and slander.

Too often, we view failure as reflecting on the person who "failed". We view them (or ourselves) as having poor judgment, poor skills, or lack of character! How absurd!

There are only a handful of ways to "fail", and I don't view any of them as bad.

First, you can "fail" by losing a competition. I remember talking to a high school athlete who defined himself as "slow" because he lost a race to the state's fastest sprinter, and I remember one time hearing a beautiful and talented woman one time who defined herself as "ugly" because in college she finished fourth in a beauty pageant. How, exactly, are those examples of "failure"?

Second, you can "fail" by not completing a project or achieving a goal. A friend of mine once enrolled in a graduate school, discovered it didn't suit her needs, and made the very wise decision to drop out and pursue other interests. For years, she was embarrassed by that, and considered it a "failure". Hmmmm.

Third, you may "fail" to get the results you expect from an experiment. It seems P. T. Barnum's circus always paraded through town to attract attention and sell tickets. One day, he needed a trumpet player, and offered a free ticket. A boy volunteered, picked up the horn, the parade marched off, and the boy was terrible! He couldn't play a note! Barnum grabbed the horn, shouting, "I thought you said you could play!" The boy's reply? "How should I know I couldn't play, I never tried before."

Fourth, unlike that young man, you can "fail" by refusing to try. Wayne Gretzky once noted, "You miss 100% of the shots you don't take." Enough said.

Failure is feedback, nothing more and nothing less. Failure means we did not get the results we anticipated when we began a project. It means we learned something different than we expected. Failure means we tried, we were in the game, we took a risk, and got a result. Failure is what makes scientific and economic progress possible. It's what makes us fully human.

Everyone knows that Thomas Edison "failed" to create the electric light bulb through many thousands of experiments. Abraham Lincoln failed in business, lost elections, was considered ugly and unlikely to ever succeed, until he became one of our greatest Presidents and saved the nation. TIME magazine once ran an article about one of Albert Einstein's "greatest blunders", a "blunder" astronomers are now using to understand the future of the universe.

A man recently consulted with me, explaining that he had an idea for a new business, but was afraid to start for fear it would "fail." He wanted assurance that the idea was sound, that his products would sell, that it would be a good investment. He refused to invest even a few dollars studying the industry or calling experts because he didn't want "to waste the money if the idea isn't going to work." Well.

The founder of IBM, Thomas Watson, was once asked the secret of success. Without hesitation, he immediately replied, "If you would increase your rate of success, you must first increase your rate of failure." How very true!

To succeed, you have to get in the game. You have to be willing to be a beginner, a novice, an amateur, even a fool. You have to start, and in the beginning, others with more experience, greater resources or talent may "beat" you. You may "lose." But, by being in the game, you will learn, you will get results, you will gain experience, wisdom and insight. And those are the assets that ultimately produce winners!

Get in the game. Take reasonable, creative risks. Be willing to lose or "fail". Learn to embrace unexpected and (sometimes) painful or expensive outcomes as part of the tuition for success. Unless you are willing to pay the price, there is no chance to reach the top of the mountain. Go for it!
 

"The men who try to do something and fail are infinitely better off than those who try to do nothing and succeed." -- Lloyd Jone

"Failure is only the opportunity to more intelligently begin again." -- Henry Ford

"The future belongs to those who believe in their dreams."  -- Eleanor Roosevelt

"We don't know who we are until we see what we can do." -- Martha Grimes
 

Strictly Business:   Lead With Your Strengths

Recently, the old adage to focus on what you do best and hire someone to do everything else came home loud and clear.

I have a client who's business requires extensive bookkeeping and accounting functions. He employees a full-time bookkeeper and spends over $30,000 per year in accounting fees to support his real-estate and investment interests. Early this year, he decided that was "too much, I could do it myself". Yeah, right!

As you might guess, 6 months later his books are a mess, his business is down, he's frustrated, confused and very anxious. The truth is that he's not a detail person. He does not enjoy doing data entry on the computer, and he kept "putting it off until later. I always thought I'd catch up on the weekend, or next week."

Unfortunately, that never happened.

My client is extremely good at investing, and his passion, talents and interests are in the creative, entrepreneurial side of his business. Ironically, he is very good at reading financial statements to evaluate a possible investment. But as a bookkeeper, he needs to fire himself!

We all have our areas of expertise and passion. In our areas of strength, we are "geniuses" who can (and generally will) do very well. Outside those areas, however, we are doomed - doomed to frustration, exasperation, and sometimes outright failure.

Do what you love. Do what you do best. Emphasize your talents and give your customers the extras that only you can give them. But for goodness sake, hire someone else to do the things you can't do, won't do, or do badly. You can't afford to spend your life being inefficient, wearing yourself out, and spending the rest of the day being cranky. Write this down and put it where you can see it every day - I call it the four "D"s of doing business. Do What You Love! Do What Your Good At! Do What Earns You Income! Delegate The Rest!

Go with your strengths! You'll make more money, have more fun, and be much more successful!

If you would like help defining your strengths and maximizing your results, consider working with a business coach! It's easy to get started - just drop me an email at: rodger@rodgerblaker.com
 

Humor: Warning: Awful PUNS Ahead!

Here is another collection of truly awful puns and wise-cracks. Caution: Do not read these unless you are prepared to groan out loud!

Rodger Blaker works with executives, small business owners and professionals who want to grow in their business and create an extraordinary life! 

For info on resources for your success, visit: http://www.rodgerblaker.com or call me at 214-485-2238. 

Please forward this copy to your friends and colleagues! That's how I grow!