{"id":12465,"date":"2023-09-05T23:01:50","date_gmt":"2023-09-05T23:01:50","guid":{"rendered":"https:\/\/mysourcefunding.com\/startups\/failure-is-an-art-and-how-to-do-it-or-avoid-it-like-a-champion\/"},"modified":"2023-09-05T23:01:51","modified_gmt":"2023-09-05T23:01:51","slug":"failure-is-an-art-and-how-to-do-it-or-avoid-it-like-a-champion","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=12465","title":{"rendered":"Failure Is An Art And How To Do It, Or Avoid It, Like A Champion"},"content":{"rendered":"
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By Heather Cherry\u2014<\/p>\n

Failure as a noun means lack of success, omission of required action, or the collapse of a business. It can be embarrassing and painful to experience. Most will do anything to avoid failure\u2014nobody wants to fail. \u201cWe want to prevent failure, and that\u2019s why we come up with reasons for why we shouldn\u2019t do things we want to do. We tell ourselves no because we don\u2019t think we\u2019re ready yet,\u201d James Clear, author of Atomic Habits<\/em>, says. \u201cIt\u2019s also why we abandon our ideas. But \u2018no\u2019 rarely means impossible \u2026. Usually if someone tells you no, what they really mean is \u2018not right now or \u2018not in that way.\u2019\u201d<\/p>\n

Experts agree failure isn\u2019t a destination but more so a redirection. But failing may prove more beneficial than succeeding. \u201cWe learn more from our failures than our successes. When we fail, not only do we find out what doesn\u2019t work so that we can adjust our future attempts, but we learn about ourselves in the process and gain a bit of empathy toward others who might be struggling,\u201d says Kealy Spring, Leadership Fellow Coach, BetterUp.<\/p>\n

It\u2019s time to reframe how we think about failing. Here\u2019s how to do it like a champion.<\/p>\n

What Is Failure?<\/h2>\n

The common understanding of failure is defined by whether or not you achieve a goal or mistakes made. This understanding is straightforward, but actually measuring failure is subjective.<\/p>\n

This is because everything will eventually fail. Few innovations and experiments succeed, and businesses fail. Even the biggest success stories end at one point. Consider Thomas Edison who was deemed too stupid to learn anything and was expelled from school for being unteachable; MGM rejected Walt Disney for Mickey Mouse, and Amazon founder Jeff Bezos made many mistakes while launching the company.<\/p>\n

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Failure is inevitable and necessary\u2014even beneficial, especially in learning. A 2019 online study shows that failure is a proven prerequisite for success. \u201cIf future attempts consistently build on past failures, the dynamics of repeated failures is revealed,\u201d the study says. \u201cA key difference between progression and stagnation is the tendency to use past failures.\u201d<\/p>\n

Psychology Of Failure<\/h2>\n

Learning from failure is easier said than done. In a 2022 paper published in Perspectives on Psychological Science<\/em>, researchers Lauren Eskreis-Winkler and Ayelet Fishbach argue that most people are highly resistant to learning from their failures and that when they do, they often learn the wrong things. The authors say that the difficulty in learning from failure has two main reasons.<\/p>\n