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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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Published on September 18, 2018

17 Proven Tactics for Motivating Employees and Building a Stronger Team

17 Proven Tactics for Motivating Employees and Building a Stronger Team

Have there been instances when you noted a drop in your team’s productivity or observed a behavioral change in someone who used to be an excellent performer?

Before you blame the team for not being motivated enough or worse still, choose to ignore these warning signs, look inwards and ask yourself if YOU are doing enough to keep your team motivated in the first place.

Motivating employees is extremely crucial. As the leader of the pack, it is your responsibility to ensure each and every member of your team feels valued, driven and motivated.

After all, you cannot expect a bunch of disengaged and demotivated people to deliver results and grow your business, can you?

Here are 17 surefire tactics for motivating your employees and building a productive team:

1. Show your appreciation

In the whole race to achieve external business goals, leaders often forget to value their most important assets — their employees.

The least you can do to boost performance and morale is to appreciate your employees, recognize their efforts and give them credit when it is due.

Whether it’s sending a personalized note, recognizing achievements publicly during team huddles or even rewarding top performers at the end of every month, you will be surprised to see how these small acts of appreciation can go a long way.

2. Communicate effectively

Effective communication can do wonders in motivating employees. Who is a strong communicator? Someone who knows what they are talking about and are able to convey their message accurately.

Communication is a lot more than just language and talking. Factors such as eye contact, active listening, hand gestures and postures also say a lot about a person’s communication skills.

3. Be open to dialogue

Gone are the days when leading through fear and putting on the tough, distant leader act would work.

New age leadership is all about instilling trust by being accessible and encouraging discussions. Your team needs to feel comfortable speaking to you and you need to set the tone for such a camaraderie.

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In spite of having a busy schedule, you can still show you care through simple, effective acts.

For instance, having an open door policy, showing genuine interest while interacting with your employees or even greeting your team members helps breaking barriers and projects you as an accessible leader.

4. Provide constructive criticism

Giving negative feedback is always tricky — you don’t want to hurt feelings nor do you want the feedback to be taken lightly.

So, what do you do? The idea is to offer criticism such that it inspires change and delivers results.

Firstly, take criticism behind closed doors because nothing breaks self esteem the way calling out employees in public does.

Have a one-on-one discussion with the concerned person and make your feedback very specific. Be clear about your expectations and offer guidance on how they can improve.

Most importantly, give them the chance to explain their side of the story too instead of jumping to conclusions.

5. Conduct one-on-ones

Yes, you conduct weekly meetings with the team but how well do you know them on a personal level?

While you may think this isn’t an important practice to follow, it is one of the best ways to engage with your employees and identify what drives them.

Conduct a one-one-one session every month and use it to understand how your employees are doing and if they are facing any roadblocks.

More than reviewing performances, consider this as a relationship building tool to ensure you are aligned with your team and are working towards a shared, common goal.

6. Build training programs

In this ever-changing business landscape, it is important to ensure your employees are updated with the latest, relevant skills that can help boost productivity and performance.

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From imparting technical and soft skills to offering mentoring programs – investing in training and development significantly helps in motivating employees and keeps the learning going.

While conducting training programs, remember to keep them engaging and interactive. They need to ultimately drive value and reinforce learnings.

7. Offer growth opportunities

Every employee envisions a different career path for themselves and demotivation strikes the day they feel they have reached stagnation. As a leader, you need to first be aligned with their goals and offer ample growth opportunities that constantly keeps them engaged and motivated.

Growth opportunities go beyond just financial growth. While money is a huge driving factor, what makes most people tick is making progress in the company and going up the career ladder.

Being faced with new challenges and responsibilities lets them push the envelope and broaden their knowledge and skills.

8. Reward them

Go beyond verbal recognition and reward employees for their notable work. You can start an incentive program and reward top performers. This ensures increased productivity and brings out the best in them.

If you don’t have enough budgets for that, you can also reward top performers with movie tickets, a paid vacation or something as simple as giving them the option to work from home.

Rewarding employees promotes healthy competition and motivates them while meeting business goals.

9. Encourage team outings

Employee motivation also stems from how connected the team is. Invest time in team building because a team that works collaboratively is likely to deliver better results.

From bowling nights to hosting team dinners – team outings are a great way to get to know each other and bond. Assign someone from your team to be in charge of organizing these monthly outings and make sure you join them too!

10. Involve them

Involve your employees in decision making because when they are involved, they feel more valued and part of a larger cause.

Seek your team’s opinion and encourage healthy debates within the team. This boosts employee morale and challenges them to work harder as they know they are in a position to make an impact and will be taken seriously.

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11. Set meaningful goals

In the beginning of the financial year, make sure you sit down with each employee to set meaningful and realistic goals. The goal-setting conversation is an extremely crucial one and needs to be a two-way street.

Whether your employee feels burdened or doesn’t feel inspired enough by the assigned goals – this is the time to come to a consensus and assign goals derived from business objectives that foster individual development while keeping in mind their strengths and weaknesses.

12. Empower them

You cannot expect employees to be motivated for long if you micro manage the team and do all the talking.

Trust your employees and empower them to take decisions. Mistakes will happen but that is the only way they will learn.

Be open to discussions, delegate effectively, set your expectations and give your team the freedom to do it their way.

13. Deal with conflict

A conducive work environment is one wherein there is open communication and trust, but every once in a while, you do encounter people in the team who indulge in office politics and spread negativity.

How much ever fulfilled an employee feels with their work, gossiping co-workers are bound to ruin it for them. Workplace gossip if not tackled hampers productivity and soils working relations.

As a responsible leader, you need to maintain a conducive work environment and act as a mediator in such cases. Don’t be the leader who is locked up in his/her cabin and is unaware of what is brewing within the team.

14. Implement a flexible work culture

Flexible work cultures are a growing trend and are here to stay.

Whether it is offering flexible working hours or allowing employees to work from home once in a month – a flexible work culture promotes work-life balance and aids in employee satisfaction.

It shows that the management is sensitive to employees’ schedules and is thereby highly appreciated.

15. Host engaging activities

All work and no play makes Jack a dull boy and we cannot agree more! So, why not devote one day of the week to employee engagement activities?

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From hosting baking competitions to introducing wellness programs in the office – let your team have some fun beyond work. This keeps the environment engaging, light-hearted and interesting, giving them all the more reason to look forward to coming to work.

16. Maintain a positive work space

Your employees spend more than half their day at work and in order to keep them energized and motivated, it is important to maintain a positive and inspiring work space.

Have a recreation center where employees can unwind after a hard day’s work, offer free snacks and beverages and invest in an open office design that promotes socializing and conversations.

These are simple yet effective ways to create a space your employees will love coming to.

17. Avoid discrimination

Any kind of discrimination, be it due to age, gender, religion or race hugely impacts employee motivation and performance.

In order to avoid such cases, you must lay down rules against discrimination and take strict action against accused employees. Lead by example and make sure no one in the team is a victim of bias and discrimination.

The bottom line

Don’t underestimate the power of motivating employees. Understand that the more engaged and motivated they are, the better their performance will be.

It is also a good idea to send out a survey and get feedback from your employees on the company culture, work environment and their motivation levels.

This will help you be more aligned with their expectations and further improve your efforts in building a stronger, engaged team.

Featured photo credit: Unsplash via unsplash.com

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