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How to Beat the Fear of Failing

Posted under Entrepreneurship

UPDATE: 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?

An awesome hypnotherapist, Heidi Carabine, once told me:

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.

The Greatest Successes are Born From “Failures”

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?

The Cost of Missed Opportunities

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.

Welcome Failure with Open Arms

Accepting failure is the first step to becoming successful. Failures often create the most important opportunities we are offered, but it’s up to us to take them and run with them. As Thomas Edison did, use those failures to learn and find the one way that will propel you to success.

Don’t Look in the Rear View Mirror

If you fail, move on. It may be hard sometimes to put our past behind us, but its a key trait in those who are successful. There’s nothing you can do to change the past, but use the experience to change your future.

Focus on the Positive

Out of every failure, there’s almost always something positive, whether its apparent or not. If you don’t see something positive about your situation right away, focus on finding it rather than thinking about the failure itself.

Share your story

How have you beaten the fear of failing? What success stories do you have that have risen from the ashes of failure? Let us know in the comments!

Written by

Rishi Patel

I help businesses build brands that matter. I'm the founder + creative director of Monazu. Let's connect on Twitter!

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Comments

  1. Global Wholesale Suppliers says

    February 2, 2012 at 6:12 am

    It is said that failure is a rehearsal for success. To take a high jump you have to step back. It is a failure which leads you to a glorious victory but only if you learn from it and have the passion to drive it the right way.

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