Eric McNeal Online Blog

Blog articles written by Eric McNeal where I discuss everything and then some.

Fail Is Not A Four-Letter Word

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People seem to be terrified to use the word "fail"; especially when it relates to themselves. They prefer not have to say it, write it, stamp it, stain it, print it, or have it associated with them in any way, shape, or form. Even the mere mention of this word is completely taboo to many. But the funny thing is that success cannot exist without failure. Therefore, instead of attempting to avoid failure, you should be trying to get more failures under your belt. Read More

I understand this may sound somewhat counter intuitive, but failing is what provides you with experience. You try, you fail, you learn, you make adjustments and then you try something different. This is how the learning process works. The key is not to leave the learning part out. So long as you're learning from your failures and making adjustments along the way, then there is nothing to be embarrassed or ashamed of. The problem is if you seem to be making the same failures over and over without without adjustments.

Most millionaires didn't make that first million until they were in their fifties and had failed over seven times. However, today we see more younger entrepreneurs who start companies with plans to provide a specific product or service and go through multiple iterations before finding a business model that works. They are failing fast, but they are failing forward. And they are completely unapologetic about it. A perfect example is Kevin Systrom, who started a virtual check-in website that eventually wound up being a photo-sharing service called Instagram that so many of us enjoy using on a daily basis. 

I'm sure Kevin didn't feel good about his initial idea failing, but he didn't call it quits or feel defeated. He simply made some adjustments and eventually came across a service that the public really wanted and the rest is history. Facebook purchased the company for $1 Billion.  

So, while the word "fail" clearly contains four letters, it is not one of the proverbial four-letter words that we should seek to avoid. 

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Guest Friday, 22 September 2017