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6 Benefits of Failure That Prove That It Is Actually a Good Thing

6 Benefits of Failure That Prove That It Is Actually a Good Thing

Before we start I just want to point out that over the years, I have tried to eradicate the word failure from my vocab. It’s harsh, negative and not an accurate reflection of the situation that occurred. However I use the word failure here, as the alternative title “why not doing things as well as one hoped would turn out is actually a good thing” is a bit of a mouthful.

The Oxford English Dictionary’s definition of failure is simply “a lack of success” which actually isn’t as hard a definition as we humans seem to translate it into. We seem to think that the definition of failure is being a let-down, unworthy, or useless. Just this fact alone highlights to me that “failure” isn’t as bad as we think, but is it any good for us?

Over the years I have failed at many things: passing my driving test the first time, my AS levels, a business venture with my dad, the cheesecake addiction and I could go on and on. But then again I have also not failed at so much more: I won two gold medals in an international martial arts competition, I successfully travelled Australia on my own, I am grade 5 in piano, and I’m finally leaning Japanese. However I seem to have a terrible habit of dwelling on the negatives rather than celebrating and relishing in the positives. I suspect I am not the only one either.

Society seems to have a huge hang up on failure, using it to define us, stop us from trying again and living the life we want. But I strongly believe that failure is in fact a good thing and that we could all do with a healthy dose of it once in a while. Here are 6 reasons why failure is actually beneficial. Use them to your advantage.

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Failure benefit #1:  It provides a reality check on where we are at

When I failed my AS levels I was devastated. I felt that I had seriously and irreversibly failed. My dream since I was 13 was to go to university and be the first of my family to attend a university. I knew that if I didn’t get good A level grades I would lose my chance. It also didn’t help what the career advisor had said that I wasn’t academic enough to go to university. However why did I fail my AS levels, if university was something I had dreamed of for the past 4 years?! Put simply, I wasn’t in the right mind frame. I wasn’t happy and that was having bad effect on my study. Sometimes failing at something, even if you truly desire it, is an indication that something elsewhere isn’t right. Use failure as a light to reveal what is really going on with your situation.

Failure benefit #2: The lessons learned are priceless

A few years ago, my parents and I bought a guesthouse and bar in Cambodia with a friend of my dad’s as a partner in the venture – the expat’s dream of sun, sea and serving drinks to happy holiday makers and fellow expats who have escaped the rat race. Bliss. However, 9 months down the line and we had lost our investment and sold our share. We cut our losses and got out. The dream was gone. It has always been my ambition since I was 15 to open my own businesses, mainly a tea room, so buying the bar was an exciting venture and adventure. How did our dream go wrong so quickly?

In hindsight, because we didn’t manage it as well as we could have from the very start and problem after problem meant that our profit was being eaten into like a hungry caterpillar. After the initial hurt and anger I came to realise that the lessons learned from this failure are priceless. I learned a great deal about carving out a business plan, forging a successful business partnership and how the small details in business matter. If I could turn back time, would I do this all again? Hell yes! I learned more with the failure of the guesthouse and bar then I ever would from a guru’s “how to” book. Failure gives you an opportunity to learn from your mistaken actions and do what’s right the next time round.

Failure benefit #3: This isn’t a “one shot only” world

Luckily for us, we live in a prosperous world, one where there isn’t just one opportunity to do anything. There are always second chances. Sometimes third. For Edison, there were 1,000 chances to invent the light bulb! If you fail once, then try again. Just don’t be foolish enough to make the same mistakes again. When I was younger and new to the property game (I as fortunate to be able to buy a flat to rent at 19 with an inheritance) I made the cardinal sin of being too soft, not collecting rent and being too lenient as the month’s rolled on and I hadn’t received a cheque from my tenant.

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One year later, a looming court case, an emotional rollercoaster and £5,000 down, I had well and truly failed. However, will I make this mistake again? No. I have learned, moved on, recovering my losses and now looking to buy my second property to rent. Failure teaches us to learn from our mistakes so that the next time we can avoid making the same ones. There will be another time – this world is full of second chances and opportunities, just don’t be too blinded from the hurt of your previous failure to see them.

Failure benefit #4: It builds strength of character

Anyone can be the hero when times are good but how do you measure up when the going gets tough? Do you crumble like a sandcastle or do you stand your ground and keep smiling, focusing on where you want to be? Take a moment to think about that before you consider yourself a failure. Going through a failure is a remarkable test of your character, your courage, your determination and your mind set. I truly believe that it isn’t until you’ve been through the worse that you can truly appreciate the best. Failure is kind of like a bench mark. It will show you what you are made of. Hopefully it’s steel.

Failure benefit #5: It drives you on

You can use the experience of failure to your advantage or not. The best way to use it is to help spur you on to do better next time. Use it as a tool for determination and grit to drive towards success. Don’t use it to drive you towards a box of tissues and cowering under the duvet.

Failure benefit #6: Those who have failed before made in the long run

If you think that those who “made it” were lucky or that it was handed to them on a plate, then think again. Here are some of my favourite success-over-failure stories. I hope they motivate you as much as they do me.

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Steven Spielberg was rejected from the University of Southern California School of Theatre, Film and Television… three times! Whilst he did eventually attend school at another location, he did so only to drop out to become a director before finishing. He didn’t give up however and 35 years after starting his degree, Spielberg returned to school in 2002 to finally complete his work and earn his BA.

Steve Jobs was technically a failure as a college dropout, a fired tech executive and an unsuccessful businessman. At 30 years old he was actually removed from the company he founded. In a 2005 commencement speech at Stanford University, Jobs explained, “I didn’t see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter one of the most creative periods of my life.”

Sylvester Stallone had it rough as a child, being taunted in school and constantly in and out of foster homes. As an adult, things didn’t improve as he was unable to earn a steady income, and even had to sell his dog for $25.00 to help pay his electricity bill. It was only 2 weeks after selling his dog that he wrote the Rocky script in nearly 20 hours straight. After being rejected over 1,500 times (that’s more than Edison’s failure!), Stallone was given a nod by United Artists for $125,000… but only if Stallone would not star in it. Stallone refused. Even when he was subsequently offered $250,000 and $325,000, he still refused as he wanted to star in it. He finally reached a compromise, starring in the film but only taking $35,000 and a percentage of profits as a concession. What was Stallone’s first purchase with his $35,000? His beloved dog, for $15,000!  But I am sure he could afford it seeing as Rocky grossed over $200,000,000 and his sequels grossed over a billion dollars!!

“When life knocks you down, try and land on your back, because if you can look up, you can get up” – Les Brown

Never Quit!

Featured photo credit: Sarah Reid via flickr.com

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Last Updated on January 14, 2019

The Key to Finding Job Satisfaction and Having a Successful Career

The Key to Finding Job Satisfaction and Having a Successful Career

Regardless of whether you hold an entry-level administration role or regularly travel to the ends of the Earth as a hot-shot senior executive, you can still find yourself harboring an emptiness… a feeling that something is missing. A popular assumption that experiencing job satisfaction and a successful career should be underpinned by a well-rounded suite of tangible benefits, no longer holds true for many of us.

We’d never deny health care benefits, appropriate and fair remuneration, bonuses and travel perks in a job package. However, even if served to us on a silver platter, those features can only satiate us to a certain point.

You might wonder what governs entrepreneurs and start-up business owners to quit their lucrative jobs, essentially look the gift horse in the mouth and kiss such benefits goodbye! There can be an irresistible pull to mastermind a business with products and/or services that serve the greater good of community wider than that constituting their daily existence.

Even with research showing entrepreneurship to pose greater threats to their mental and physical health, this unique breed of individuals choose to go against the grain in chasing their dreams of being their own boss. Why? Why would anyone risk this type of career suicide?

Whether you’re an employee, have recently taken the leap to being a business owner or been in business for a while, the commonality is a congenital condition we all share as human beings; to feel a sense of purpose, value and contribution to our community. Despite it being harder to find this for ourselves in today’s world, these approaches will help you achieve ultimate satisfaction through the twists, turns and joyrides that are essential features of shaping a successful career.

1. Search for Opportunities That Feed Your Passion, Not Temporary Excitement

Even though well-intended, the ‘feel good now’ compass that career coaches and consultants often recommend you use to create career satisfaction can actually do you more harm than good. Excitement is transient. It doesn’t last. Passion is the compass you need.

Passion and excitement are two different things. The resounding career legacy that still draws you to turn up on the job regardless of the sunshine or storm that awaits you…that’s passion. It’s like a mental and/or emotional itch you can’t shrug off. Staying attuned to that calling will breed success for you sooner or later. Patience is key.

You’re also likely to have more than one key passion. Beware of getting caught in the notion you have to find your one true purpose. In fact, run immediately from any coach who tells you there is only one. There isn’t.

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Your passion is a journey that can take multiple forms so forget thinking there is the single dream job out there that will give you satisfaction in every way you can imagine. It simply doesn’t exist.

Consider embracing different roles and projects to help you fuel your passion or fuel your pursuits in finding it. Job satisfaction and your career success will be all the more sweeter from a wider range of enriching experiences.

2. Don’t Position Job and Career Satisfaction Assessments as Pivotal Guides to Your Success

Despite their popular use for vocational guidance, assessment tools such as Gallup’s Clifton Strengths and the Myers Briggs Type Indicator have come under fire[1] as being limited to the amount of true value and direction they can offer partakers.[2] These and many other guidance assessment tools (e.g. VIA Character Strengths , DISC ) are self-report questionnaires that don’t have normative population data against which to compare your results.

Simply remember these tools help you develop a stronger sense of what you identify as strengths and weaknesses within yourself, not in comparison with other people. They will still add insight around what sorts of career opportunities, tasks and projects are going to light your fire, what ones are going to extinguish it and what will prod and keep the coals steadily smoldering.

3. Be Clear on Your Personal Values, Ethics and Principles and Choose Relationships That Support You Honoring Them

Teamwork, collaboration, open communication and trust are commonplace for any flourishing work environment. However, whether or not your personal values can be honored in your work can make or break your job satisfaction.

How committed do you want to be to an organization that expects an average of 10 unpaid overtime hours every week under the guise of ‘reasonable overtime’? Are you willing to accept their construing this expectation as ‘strong commitment’ at the expense of your partner and children waiting at home for you? What are your boundaries concerning when you clock on to their time and when you clock off to yours?

Being very in tune with what your personal values, principles and ethics are will bid you well in the job satisfaction stakes. Spending time to reflect on experiences and working relationships you’ve had – the good, the bad and the ugly – will help you make well-informed searches and grounded decisions that will propel your career success.

Finding and nurturing relationships with associates and colleagues who share similar values doesn’t just make your day-to-day pursuits more enjoyable. You become fortunate to work with like-minded people who will support, understand and appreciate you like a second family.

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Being able to honor your personal values in your work means you will still be able to sleep at night when you have to tread where others fear to, and make extremely difficult decisions others would never ever dream of having to make as you forge success in your career.

4. Be Clear on Your Own Definition of What Having a Successful Career Means for You

It’s tempting to get caught up in the ideals and projections of success expressed by those we love, admire and respect. Underneath, we all want on some level to belong to a successful club of some sort.

With research reporting how much money we feel we need to be truly happy,[3] many of us try to subscribe to the notion that having the car of our dreams or taking a European holiday annually will not bring us happiness. The truth, however, for many of us is these tangible rewards are congratulatory reminders of our persistent efforts to chase our career pursuits.

If those are things you aspire to, don’t let anyone steal your desire and want to feel deserving of these things, that those are some parameters by which you define your career success.

Despite consistently being the top revenue earner for two years running, you may not wish to become the sales manager. You may not wish to step out into running your own business even though you consistently excel as an employee, delighting clients and repeatedly receiving glowing testimonials.

Your definition of career success might be enjoying the predictability of a regular workplace routine. You get to leave – without feeling guilty – at the same time each day, love the people you work with and get to spend a good, uninterrupted amount of work-stress free quality time with your family. That picture is also blissful job satisfaction and complete career success.

5. Identify the Sorts of Challenges and Problems You Want to Learn to Overcome

Standard advice you might receive from a career coach might be to look for opportunities where you get to capitalize on exercising your strengths and career-related activities you enjoy.

However, to become a success at anything involves improvement. To excel at anything often involves stepping outside boundaries and comfort zones where others wouldn’t. This means dedicating focus and attention to things you’re not so good at and things you don’t like.

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Here’s where working with a coach can be particularly helpful. Map out the experiences that were unsavory in your working history. Were there challenges you opted out of, projects you failed at or toxic relationships that blasted your sense of purpose and self-worth into oblivion? It’s within these experiences that you might just find the most valuable lessons and guiding lights for your trajectory to achieve greater job satisfaction.

If your natural leadership style is to be a collaborator, finding opportunities that require you to apply a more dictatorial style might be needed. Discussing a secondment or short-term project where you get to develop and test your skills can be a step further in earning contention to lead a larger project down the track.

With several of the company’s boldest personality types penciled to roll out the operation, you’ll not only develop skills that earn your right to throw your hat in the ring; those key players have an opportunity to see your competence. You can then work on building relationships with those stakeholders before you need to hit the ground running should you win the lead.

Greater job satisfaction comes with planning and choosing the lessons and opportunities you want to learn, not desperately flailing, floundering and hoping for the best.

6. Keep Reviewing Your Goal Posts and Be Amenable to Change

The word ‘career’ is indicative of a longer-term pathway of change, growth and development. The journey is dynamic.

You will accumulate new skills and let those you no longer need, become rusty. Your intrigue will be stimulated by new experiences, knowledge and people you meet. Your thinking will continue to expand, not shrink. As a result, your goalposts are likely to change.

A major part of enjoying a successful career is not just setting goals effectively, but regularly reviewing and readjusting them where necessary. However, moving the posts or the target still needs to take place by applying the same processes by which you originally created them. The strength of your emotional connection to those revised goals needs to be the same, if not stronger.

By asking yourself the following questions, you can assure your developmental and growth trajectory is still on course:

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  • Would working toward these goals still allow me to honor my personal values, principles and ethics at the same capacity if not greater?
  • Do the activities I need to undertake to meet these goals honor my highest priorities?
  • Does this feel right for me and those who are nearest and dearest to me?
  • Is this aligned with my passion?
  • Is chasing this goal a right step for me to take now or is this a detour or distraction which could delay my greater plan?

Each of your career goals should have different review periods. Whatever you do, stick to the review schedule you set. It will not only keep you focused but help you see your progress (or lack thereof) and allow you to timely re-chart your course before you get too far down the track. You don’t want to waste time haphazardly heading in the wrong direction.

7. Be Prepared to Let Go

It can be unfathomable to us as to why others risk leaping into the unknown when everything truly appears fine and dandy in the career realm. The company provided stability, recognition, financial success, interesting projects and the promise of a promotion…what was wrong? Why now jump sideways to run a café or train in another field altogether?

Nothing may have been wrong at all. It was all going right. It was just the end of a chapter. Perhaps the yearning for the next step is actually taking a different trajectory entirely. You may want to simply experience a different rhythm. Perhaps it’s time to pursue a different passion.

If you have leaped from employee-land to freelancing or have made the reverse-jump (or you know someone who has), you will have quickly grown a different appreciation for pros and cons each work lifestyle brings. Working for yourself can bring the greater realization of your creativity, whether or not it can be monetized to earn you a living.

When your customers are buying you or a product you designed and fashioned, there is a direct level of appreciation and gratitude that can elevate your confidence in the way you have never experienced as an employee, regardless of your rank.

Similarly, there are times where we need to recognize our business ventures were adventures, not long-term life-changing empires. There are times we need to recognize that time is what provides the clearest limitation of how long we persist for in such pursuits.

We have to recognize the absence of enough financial, mental, emotional and physical breadcrumbs that tells us we’re no longer meant to push in that direction. At least, not for the present time.

The Bottom Line

Above all, keep the momentum. As long as you remain committed to pursuing work opportunities that allow you to honor your highest priorities, the truth of who you are and what you stand for, achieving ultimate job satisfaction and a successful career will never be too far away.

More Resources to Help Advance Your Career

Featured photo credit: Csaba Balazs via unsplash.com

Reference

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