Q: Any advice for entrepreneurs on moving beyond a failure?
A: If it is a failure where you did all you could with the best of intentions, with the highest integrity, then actually there are no failures. There are only results. If the result is good, we call it victory. If it isn’t, we call it learning. When we learn from our mistakes, they are not repeated again. This is why it is so important to feel troubled about the failure. The human mind learns the best and the quickest under pain. When we feel the pain of failure, that’s our body’s way of making sure that we learn for the next time, and that we get over it and we can move on to more success. And of course, more learning.
Also, from a leadership perspective, it is important to note that great leaders are great listeners. Without listening it is not possible to learn and understand, nor can you identify threats and opportunities. Listening is required in order to make plans, engage people and get them to commit. When repeated failure happens it is because the leadership did not listen. Listening is vital for sustained success.