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Seven Things to Learn from Failure

Earlier I talked about four ways to deal with failure. And, one of the ways to deal with failure was to learn from the failure. Yet, several people have asked me “exactly what do I learn from a failure?” Good question as some felt it only learning to accept failure or the reason was only them. The really is there are at least seven things we can learn from any failure. It is our role to discover the answers to these primary seven learning points. These answers form the reasons why the failure occurred so it is critical to your personal growth. So here are the primary seven…

Seven Things to Learn from Failures

  1. Lack of Preparation You need to analyze this one – did you prepare for the issue or situation. The old saying of “A Prepared Mind will meet an Opportunity and Win” is not off base here. The better prepared you are the less likely you will become confused, nervous or indecisive. Take the time to plan and your will save very valuable time later in the process.
  2. Lack of Vision Knowing what the outcome or success looks like prior to beginning the process creates a mental advantage for you. By visualizing the outcome, you become keenly aware of possible contingencies or events which could impact your success. Thus, giving you an opportunity for a plan of action for any anticipated events coming from left field.
  3. Overconfidence The root cause of overconfidence deals with poor assumptions being made. An example of this is to assume a deal is done no matter what else happens. And, surprise something happens and you are surprised rather than remaining confident. Overconfidence can also be a sign of arrogance which is a true killer of opportunity. Others have little need for an arrogant partner.
  4. Lack of Ability or Competency This one is tough for many individuals to come to grips with at any point. The ability to self assess your natural strengths and weaknesses will actually give you more confidence by knowing what you can and cannot do effectively. The best thing about this factor is most of the time a competency can be learned once you recognize a deficiency exists. This is a key reason for continuous learning is so important for everyone today. Do not wait for others to inform you about an ability or competency deficiency – you need to own up to these traits and take action to improve.
  5. Wrong Choices Made This one is the most difficult to deal with since it usually is a subjective factor. Yet, the quality of your choices will separate you from the average person. You can move into the top performer ranks when it becomes evident you make excellent decisions and choices every day. The key to your success with this element is to THINK about it before responding. Most people unfortunately react to stimuli without giving much thought to their choice. Just think and you will be ahead of the group.
  6. Poor Attention Some people refer to this as being ADD or something, when actually it is about respect for the moment and who you and what you are dealing with at that moment. Paying attention is the opposite of poor attention. Paying attention allows you to become aware of all the circumstances of any situation and provides you flexibility in your choices. Focus is the starting point for having clarity and reality to any situation.
  7. Fear of Failure Syndrome Self-esteem or actually the lack of self esteem is the focal point for this fear of failure. It relates to the “I have to” mindset of a low self-esteem individual. These are the people who feel they HAVE TO do everything or they will not be liked as a person. The unfortunate fact here is due to their “have to” approach they have a difficult time staying on high priority objectives and find themselves doing too many low priority activities. Thus, they results and performance are reduced which lead to a sense of failure. And, the cycle begins again.
The goal for everyone is to always be learning and improving your thought process. Critical thinking seems to be a trait many are lacking today. So, leaders need to engage these people and encourage learning without any fear of reprisal if weakness is shown during the process. If the last item is of concern regarding the need for higher self esteem then it would help you to learn more about this topic or go to a seminar than helps you build your self esteem.
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Voss Graham

CEO / Sr Business Advisor at InnerActive Consulting Group Inc
Voss Graham is an Organizational Architect with 30+ years of experience designing sustainable business growth for organizations of all sizes. Creating the Strategic Focus with the Executive Leadership Teams, he uses Systems & Process to ensure the Drivers for Business Growth are Executed at the Highest Levels. Voss is available as a Speaker for your conferences or company meetings - contact him at 901-757-4434 or use the LinkedIn or Facebook direct messages.

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Voss Graham

Voss Graham is an Organizational Architect with 30+ years of experience designing sustainable business growth for organizations of all sizes. Creating the Strategic Focus with the Executive Leadership Teams, he uses Systems & Process to ensure the Drivers for Business Growth are Executed at the Highest Levels. Voss is available as a Speaker for your conferences or company meetings - contact him at 901-757-4434 or use the LinkedIn or Facebook direct messages.