One of the most helpful lessons I’ve learned from @richardbranson and @barbaracorcoran is that they fail fast, and they fail often. Failure is expected and actually encouraged in growth and development.
In DanSenor’s Start-up Nation: The Story of Israel’s Economic Miracle, he writes about a Harvard University study that shows that entrepreneurs who have failed in their previous enterprise have an almost one-in-five chance of success in their next start-up, which is a higher success rate than that for first-time entrepreneurs and not far below that of entrepreneurs who have had a prior success.
Writer KimLiao urges people to collect rejections. “Set rejection goals. I know someone who shoots for one hundred rejections in a year, because if you work that hard to get so many rejections, you’re sure to get a few acceptances, too.” Failure is not the end. It’s the beginning of strength building and more creativity. You build resilience when you acknowledge what didn’t work, let go of the shame or embarrassment, and get back on the path forward. Fail forward.
What was your best failure or rejection?