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Doing Business: Failure = Success..?

Failure: Are you afraid to fail..? How failure and success are connected? Can you rehearse your failure? Seth Godin believes that rehearsing failure is a not productive use of your time:

Rehearsing failure, rehearsing success | DoubeleThought Web

The active imagination has no trouble imagining the negative outcomes of your new plan, your next speech or that meeting you have coming up. It’s easy to visualize and even rehearse all the things that can go wrong. The thing is: clear visualization, repeated again and again, doesn’t actually decrease the chances you’re going to fail. In fact, it probably increases the odds. When you choose to visualize the path that works, you’re more likely to shore it up and create an environment where it can take place. Rehearsing failure is simply a bad habit, not a productive use of your time.

Failure 1

Another important thing is the cost of failure in connection with the cost of opportunity. But does failure really exist?:

How to Beat the Fear of Failing | The Connectioneering Blog

I heard this great quote from Seth Godin in an interview on Entrepreneur.com, and I just had to include it here: If I fail more than you do, I win…Be sure the cost of failing is less than the cost of opportunity.  It’s always hard to admit that we’re doing something wrong. Failure has such a negative connotation in our society.  But what if we took that and turned it around?  There’s no such thing as failure. It’s just feedback to our actions. I ‘m definitely an optimist, and I always will be. I definitely think its a huge reason that it’s been a huge factor in my (and Monazu’s) success. Every time I don’t make a goal, I’m just more motivated to find an another way to finish what I started. Like Heidi says, it’s just feedback that I need to try something else.  This is what drives entrepreneurs. It’s this perseverance and denial of failure that separates those who are serious about succeeding from those who are just trying to get by. It’s rare to strike success on the first attempt. But what really happens when we give in to failure, and how can you deal with it? When folks are evaluating the risk in a venture or opportunity, they rarely figure in the cost of missing opportunities that could lead to stratospheric success. But just like an investment portfolio, the higher the risk, the higher the reward. This doesn’t mean you should be reckless, but sprinkle in some risk to the portfolio of your life.

More importantly can failure be “unacceptable?” Is it the right thing to follow only methods that we believe lead to success?:

Celebrating failure more important than success – Deccan Herald

What do the General Electric Co, Virgin Atlantic, Abraham Lincoln and tail-end batsmen have in common?  Their attitude to failure. For most of us ‘Failure’ is associated with ‘Unacceptable’. It’s what we’ve been taught right from our school days, a mindset that prevents us from exploring interests and activities that we suspect we may not be good at, and compels us to stick to tried and true methods that are believed to guarantee success. We’re so caught up in our performance driven approach that we ‘fail’ to focus on learning. It’s a mindset that we risk passing on to the teams that we work with and to the next generation.  In 2000 Virgin Atlantic spent $67 million to create new sleeper seats for its first class passengers; the seats were not nearly as comfortable as a competing airline’s and were considered a failure. Surprisingly the company invested a further $127 million to redesign the seating, a risk that help them design what they called the upper-class suite.  This helped them significantly improve their hold of the air travel business class market share. Abraham Lincoln encountered defeat in several legislature elections, faced failure of a business attempt and a nervous breakdown, before rising to be the president on the United States of America.  As for tail-end batsmen, we’ve seen them swing, miss and escape being clean bowled by hair, only to swing again for a glorious game winning six, time and time again.  What sets them apart is the unwillingness to let failure stop them from making further attempts and more importantly the willingness to make that first attempt knowing that they might very well fail. In today’s competitive environment every organisation, team and student is striving to be to be the expert in their arena, and to achieve grand success.  What some of the most innovative and successful organisations and individuals have proved time and again, is that success and expertise come from learning and experimentation, a path that is more often than not, lined with a long list of failures. Several products that we today take for granted were developed by a process of through experimentation and repeated failures.

Finally, it is important for every businessman or entrepreneur to accept failure in relation to success. Then, the best thing is to analyze actions, thoughts, personal behavior in relation to failure…

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