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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 September 18, 2019

11 Hard Skills That Will Land You More Career Opportunities

11 Hard Skills That Will Land You More Career Opportunities

Are you looking to move up the career ladder? Or maybe you’re tired of having a “job” and want to start looking for a more permanent career?

Whatever your motivation, you are going to have to learn some new and different hard skills to broaden your opportunities. After all, there’s a very famous quote that says:

“The definition of insanity is doing the same thing over and over again, but expecting different results.” – Albert Einstein

While the insanity part doesn’t really fit here, the overall message is a good one. If you are looking for a different result (career advancement, more money or even a career instead of a job), it’s up to you to make it happen. This is both the good news and bad news!

The good news is that because it’s up to you, you have complete control over it happening. The bad news is that change is hard. Humans are creatures of habit, that’s why we develop routines, and anything that disrupts that routine causes us anxiety. And we will do almost anything to get rid of that anxiety. The overweight person will calm their anxiety by eating that doughnut, the smoker will light up a cigarette to avoid anxiety.

What we want to do with this article is to give you the hard skills you’ll need to reduce that anxiety so you can move up that corporate ladder, make more money or have career instead of just a “job.”

The following hard skills are essential to learn if you want to advance your career. They may not be easy to take up, but definitely worth your effort of learning:

1. Cloud Computing

“Simply put, cloud computing is the delivery of computing services—servers, storage, databases, networking, software, analytics, intelligence and more—over the Internet “the cloud” to offer faster innovation, flexible resources, and economies of scale. You typically pay only for cloud services you use, helping lower your operating costs, run your infrastructure more efficiently, and scale as your business needs change.” Microsoft[1]

There are many different jobs available in the cloud computing world today. They range from architects and developers to data scientists, security pros. Each job is its own specialty and requires a high level of specification for advancement.

This is definitely a hard skill that requires education. But if the tech world and computers are your thing you can make cloud computing a lucrative career.

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2. Data Mining and Statistical Analysis

Again, these are highly specialized fields. Data mining is defined as using large sets of data to look for anomalies and other patterns that can be used to predict future behavior.

Amazon is probably the best known company to use data mining. Have you ever noticed that when you buy something at Amazon, you’ll see a little ad at the bottom that says “customers who bought this also bought…”and it lists 2-3 other items? All of that information comes from data mining, by examining the millions of sales amazon makes they can predict that if you buy item #1 there is a high likelihood that you will buy one of the other items too. T

his not only increases sales for Amazon, but it also serves as a reminder for you that you may need these additional items for your project. This is very valuable information and has a wide range of uses. Although it has a bad reputation and evil sounding name, it is a very useful tool for maximizing productivity and sales.

3. Data Management

All companies today deal with a ton of data! Being able to manage that data in an efficient manor is not only highly prized, but a necessity.

We all have these things on our desks called computers. Unless there is a need for a paper copy, almost all of our data is computerized. Meaning that, in theory it is all at our fingertips. Being able to organize that data so that it’s easily and quickly retrievable is why computers are replacing filing cabinets!

However, just like the old fashion filing cabinet, data management on a computer is only good if it’s well organized. You want to make sure that you are keeping your data well organized so that it’s easy to find when needed. This is a skill that comes easily to some people (are you a person that makes lists? Good!) but with others it will be a skill that needs to be practices. Make sure that this is a discipline you master.

4. Scheduling

Being able to make and keep to a schedule is a very useful tool in both business and life. Effective scheduling means that you can prioritize projects, understand the tools needed to get the job done on time and that you are organized enough to lead people.

An important point here is to write things down! Whether it’s in an old fashion daily or weekly organizer or in a PDA. Have a copy of your schedule available at your fingertips at all times.

5. Financial Skills

These are especially important when looking for that promotion. The higher up the ladder you go, the more you’ll have to deal with things like accounting, budgeting, financial planning and cash flow management.

While you may not need to be an expert at all of these, you should have a good grasp of all of them. This is where taking a few night classes at your local community college is a good idea. You don’t need to become an expert, but brushing up on these skills will help you tremendously.

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6. Research Skills

These are important in all aspects of life, but especially in your work-life.

Are you looking for that first job out of school? Nothing impresses a boss or hiring manager more than someone who has researched the company. Trust me, they deal with people walking in off the street everyday looking for a job, but managers and owners need to see the value in hiring (or promoting) you.

So do your research and have some company specific questions ready to ask. Show that you are interested in working for that company or that position and not just “a” job or the “promotion” because you have seniority or need the money.

If it’s a promotion that you are after, never bad mouth the previous occupant. Instead pick out an example that he/she was good at and explain how you would like to use or expand that policy and how it would enhance the policy changes you’d like to make.

If it’s a new job you’re going for, then make sure to have some company specific questions ready to show that you have done your homework for the new position.

7. Marketing Skills

While marketing a companies products or services has always been a highly sought after skill. In today’s world, it can take on several different forms.

Some of the marketing skills that are highly sought after today include, SEO, Search Engine Optimization, SEM, Search Engine Marketing and marketing campaign management. Familiarity with Google Analytics as well as Word Press are also valuable.

While traditional marketing and branding were focused on advertising and selling. Almost all marketing efforts now a days are focused on the internet.

8. Network Security Specialist

Again, this is a highly skilled position that requires specialized training. But the amount of data that all companies store is significant, and if that data is leaked or stolen, it can costs them millions of dollars in both lost revenue and lawsuits.

So, if you have an interest in network security you will find the field both lucrative and stable.

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9. Communication Skills

At first glance, communication skills may not look like it fits into the category of “Hard Skills” that can help you succeed. But in this ever shrinking world where companies can do business from almost anywhere, communication is more and more important.

Are you bilingual? It really doesn’t matter what language you speak, there’s a company out there looking for someone who speaks that language.

10. Computer Programming

I don’t know about you, but I’m pretty sure that computers are going to be around for a while! As both the hardware and software get more advanced, the need for computer programming is only going to increase.

11. Graphic Design

As of 2018, there were 4.37 million new websites launched.[2] A good number of them will fail because they just aren’t interesting enough visually. The use of templates and replicated websites is only making the problem worse.

Part of the way Google ranks sites is through originality, this almost ensures that replicated sites will never get ranked through Google. So the more original your site is, the more likely people will visit and actually spend time there.

That is what a good graphic designer does. Takes your basic idea and turns it into a website that people actually want to visit.

Embrace the Anxiety That Comes with Change

You know it’s going to be there, you know that you’ll want to give up as you’re learning these new skills but, you’ll also know that the end result is worth the journey.

Here’s a little trick when you’re feeling overwhelmed:

Have you ever met an ex-smoker who was sorry they quit? An ex-drinker or drug user that said life was much better before they quit? These people have gone through some of the most difficult challenges humans can go through including weeks, if not, months of intense physical withdrawal symptoms. They did it because they knew that the pain and anxiety they would experience would ultimately get them to a much better life.

Now what was that complaint you had about attending night-school?

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This is the part everyone hates, everyone thinks night-school, adult education and just generally giving up family and/or spare time. While those are certainly possible ways to develop the necessary skills, they aren’t the only way.

You’ll want to check with your human resources department because depending on the company, a certain degree maybe required in order to even be considered for a position. In those cases, night-school, on-line or some other form of adult education maybe your best route.

But as long as a degree isn’t required, then your options are wide open.

Let’s just say that you’re a sales person interested in becoming the sales manager but, the territory you’ve been given will never produce the sales figures that would make you stand out as a good candidate for sales manager. So how about you start your own side business (don’t compete with your company), but let’s say you enjoy golf.

In this day and age, there are plenty of places that will teach you how to sell products on-line and even set you up with your own website. So you start a site selling golf equipment and accessories (don’t worry, you won’t even have to carry inventory or worry about shipping).

Now, when that sales manager spot opens up, you can explain that even though other salespeople had better numbers than you, it had nothing to do with your sales ability, it was more of a consequence of the territory your were given.

And to prove it, you brought in some information about a side business, you started showing that you’re on target for a sales growth rate of 30% this year. And because you had to do all of the marketing for the business, you came up with some marketing strategies that you can bring to the new job (built-in experience).

The Bottom Line

We’ve put together these 11 hard skills as a way to give yourself a “leg up” on the competition. We’ve tried to make this a mixture of both skills that require a great deal of training, and also ones that you can work on and develop by yourself.

We know that not everyone is cut out to be a cloud computing expert, but we also know that working on and having good scheduling skills will make you a much more desirable candidate for the position!

We also don’t want you to discount the idea of a “side hustle“. Especially for people new to the workforce, having a business that you have started and run successfully shows potential employers that you have initiative, scheduling skills and ambition which can put you well ahead of your competition!

As usual, we hope you found this article both enjoyable and informative. If you did, may we ask that you share it with your family and friends through social media. It really does help us and is greatly appreciated!

More Skill to Help Advance Your Career

Featured photo credit: Kyle Sterk via unsplash.com

Reference

[1] Microsoft Azure: Cloud Computing
[2] Netcraft: December 2018 Web Server Survey

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