In my previous blog, I talked about failure and how it helps us grow and innovate if we keep a growth mindset.

Failure is like an investment; we have to keep it for a long time to be able to make a profit. When the market goes down, if we take the money out, it negatively impacts our profits. Being successful at something takes time and many repetitions. If we want to be successful at something, we should accelerate our failures and not give up. Each failure will feel like we are wasting time but will still continue even in hard times, as giving up will not land us success.

Keep your belief in the scope realistic; it is your belief that will help you succeed after failure and will keep you motivated to continue trying and practising. If something takes 6 weeks to learn but you believe that you can do it in 2 weeks, which does not seem realistic, you will not be able to achieve your goal. In order to achieve your goal or success, you need to form and proactively communicate realistic beliefs about how hard something is going to be and work that hard to be successful. Grant Cardone says in his book “The 10x Rule” that when working towards our goal, we underestimate the amount of effort needed, which is why we are unable to achieve the goal we have set. Set the goal 10 times bigger than you initially want to achieve and multiply the effort by 10, the amount of effort you thought was needed to achieve the initial goal.

We can’t learn new skills by reading a book. We have to get things wrong in order to learn and get them right. Only persistence in failure is not the ideal response to failure. Max Dickins suggests the ideal response to failure is

• Own the failure by admitting that it happened
• Conduct transparent and thorough analysis
• Adjust your approach in an appropriate way for next attempt.

Remember, failure is not the opposite of success; it is part of success.