Lessons Learned

The failure movement is on the up and up. “Embrace failure”,  ”You can not succeed without failing.” ” He who has not failed as not tried,” is the mantra amongst gen-Y Entrepreneurs. A fallout of the steadily falling cost to experiment with new ideas. Most new ideas are built on bytes and the cost of bytes is steadily approaching zero, the cost of experimenting is mostly the experimenters’ time. While I remain unconvinced that this approach is efficient. Personally the possibility of failure in itself is a motivational.  The real threat to an entrepreneur is the fear of failure which results in inaction. Oftentimes inaction equal fail.
The Failure Movement will benefit from taking on the much more difficult task of addressing how to benefit from the lessons learned from failed ventures. The coaches need not stop the sermon at, failure is good. Failure may be okay. However, documenting and revising ones tactics after a failed venture is more beneficial. Failing repeatedly is quite a common occurrence.
In my books fail is not good, learning from failure is key.

This entry was posted on Tuesday, January 19th, 2010 at 5:16 PM and is filed under business. You can follow any comments to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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