Learning from Failure

Learning from Failure 

“Failure is part of the process of success. People who avoid failure also avoid success.” - Robert T. Kiyosaki

Learning from our failures, both personal and professional, is no easy task, especially when we’re frustrated, disappointed or demoralized. It can be embarrassing to fail and we all do it. It is a natural part of growth and risk.

Every business leader experiences roadblocks in the daily course of events. Understanding failure as opportunity can often set the course for new successes, strengths and can be the most important factor in going forward in a positive way from a business failure. For example, business leaders that belong to a peer group typically have members of that group who have been through some type of business failure. Belonging to a peer group can help you learn from those type of experiences and enable you to grow as a leader. 

To benefit from a business failure, the best and brightest often set a long-term goal incorporating the strategies learned from the false step in order to understand how to correct the course and avoid repeating mistakes. Many people in business and in life ignore and try to forget mistakes which are not productive. That long-term goal includes the time and effort it takes to educate and include a team approach to accomplish this goal and reach that ongoing successful attitude. We should all learn that perfect moments may never come and we could end up losing the opportunity to fix our failures.

Understand that being open about a failure leads to improvements in your professional and personal life.  Success comes from failure, and fearing failure can only make you unsuccessful. Tackle your business failures with persistence and understanding while setting a long-term goal for future achievements. 

Kelly D. Scott

Chairman/CEO

Vistage Florida