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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 November 5, 2018

20 Best Places to Work for a Great Career in 2018

20 Best Places to Work for a Great Career in 2018

Looking for a job? There’s no doubt to the fact you will want to work with a company that appreciates you for who you are.

Well, good news. The labor market today is one that has peened up with more opportunities for advancement and personal employee improvement. This is partly due to the fact that a lot of companies have been made to understand the value of their biggest assets: the employees.

To wit, here’s a list of companies- across a wide array of industries- that have been able to develop working environments that are healthy and accommodating to workers.

Take a look at these 20 best place to work for a great career:

1. Salesforce, San Francisco, California,

    Salesforce is in the information technology business and the company ranks highest due to their commitment to learning and innovation. They are ready to try new things and everyone with a new idea is always welcome to share it at the company. The company has also been known to exhibit an exceptional approach to alignment.

    Find out more about careers in Salesforce

    2. Wegmans Food Markets Inc.,Rochester, New York

      Based in Rochester, New York, employees have been known to enjoy a sense of purpose from working here. The company has been able to achieve an optimal level of engagement across all working tiers and they’ve been able to achieve great things together. They even do deliveries.

      Find out more about careers in Wegmans

      3. Ultimate Software, Weston, Florida

        Employees get amazing benefits here but that’s not the only reason why this place is so awesome to work. Whenever there is a need or a death of an Ultipeep or any of other family members, the company shows love and support like no other.

        Find out more about careers in Ultimate Software

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        4.The Boston Consulting Group, Inc., Boston, Massachusetts

          Development is at the center of anything that goes on here. The business is about people and employees are the company’s biggest asset. Employees are able to challenge the status and also leave impacts on clients.

          Find out more about careers in The Boston Consulting Group

          5. Edward Jones, St. Louis, Missouri

            Edward Jones is admired for their ability to acknowledge history without being mired down by it. The company builds on a solid foundation but there is also a level of flexibility that allows for innovation.

            Find out more about careers in Edward Jones

            6. Kimpton Hotels and Restaurants, San Francisco, California

              Kimpton is a trendsetter in the hospitality industry. The company always strives to try something different and that perspective is welcomed there at all times. Enjoy the weekends with luxury rooms, conformable mattress, furnished and well dressed service staff. A great opportunity for job seekers.

              Find out more about careers in Kimpton Hotels and Restaurants

              7. Workday, Pleasanton, California

                Newbies will find no issues with feeling welcome and at home here as this has always been a core culture component of the IT giant. Everyone is treated like family and this fosters a sense of oneness.

                Find out more about careers in Workday

                8. Genentech, South San Francisco, California

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                  Here, employees are encouraged to be themselves. There is a feeling of care, safety, and acceptance that you get here that you can’t get at many firms. The development of an all-inclusive environment has always been foundational.

                  Find out more about careers in Genetech

                  9. Deloitte, New York, New York

                    Deloitte is one of the biggest professional service providers in the world, noted for their focus on constant learning, development and improvement. They invest in their employees and are concerned about their well being.

                    Find out more about careers in Deloitte

                    10. Baird, Milwaukee, Wisconsin

                      Baird is a financial services provide that is known for adopting a “no asshole policy’ which guides the way people relate with and respect each other, regardless of their position on the company’s hierarchy.

                      Find out more about careers in Baird

                      11. Quicken Loans, Detroit, Michigan

                        At Quicken Loans, the views and opinions of everyone are respected and heard. The organization is revered for the amount of investment they put in their team members and everyone looks for ways to grow and be better.

                        Find out more about careers in Quicken Loans

                        12. Capital One, Mclean, Florida

                          Capital One has adopted a culture that encourages employees to take risks and try new things. They foster a healthy work-life balance and associates are challenged to live better lives.

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                          Find out more about careers in Capital One

                          13. Cooley LLP, Palo Alto, California

                            Cooley LLP is a law firm known for their ability to care about the company culture and being able to develop a working environment that is empowering and fun. Cooley is known to go for the best when it comes to their employees, regardless of the occasion.

                            Find out more about careers in Cooley LLP

                            14. Southern Ohio Medical Center, Portsmouth, Ohio

                              The medical center has been known for their propensity to delegate so much to their employees, thereby providing them with the ability to grow and learn on the job. In the end, you get a workplace that is all-engaging and super fun.

                              Find out more about careers in Southern Ohio Medical Center

                              15. American Express, New York, New York

                                American Express is a firm that celebrates wins, no matter how small. Everyone is made to share the same attitude towards service and the people they are to serve, thereby making people care about what they do.

                                Find out more about careers in American Express

                                16. Adobe Systems Inc., San Jose, California

                                  The culture at Adobe Systems is one that encourages employees to develop their own ideas and get a strong viewpoint. As opposed to encouraging competition, work-life balance is fostered everywhere here.

                                  Find out more about careers in Adobe Systems Inc.

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                                  17. The Cheesecake Factory Inc., Calabasas, California

                                    The Cheesecake Factory rewards dedication and hard work. Promotions come pretty easy, and there is always space for guidance to develop your experience and skills.

                                    Find out more about careers in The Cheesecake Factory Inc.

                                    18. Sap America, Newtown Square, Pennsylvania

                                      If you’re looking for a new career path, SAP might be the best bet for you. The company is adept at recognizing value and transferable skills. And you can always look for a new path while maintaining your employment.

                                      Find out more about careers in Sap America

                                      19. NVIDIA Corporation, Santa Clara, California

                                        NVIDIA is known for looking after even the smallest of things. With even a “pets allowed” policy this company accepts you for who you are, and helps you to work within your personality. Advancement is also fostered, and you are able to collaborate effectively.

                                        Find out more about careers in NVIDIA

                                        20. KPMG LLP, New York, New York

                                          Communication and progressive collaboration are the foundation of this company’s workforce treatment. Regardless of the level you are, someone is always at the ready to help and the company rewards extra effort with gratitude.

                                          Find out more about careers in KPMG LLP

                                          All in all, it’s safe to say that you will be able to find somewhere to apply your skills (whatever they are) that is all inclusive and highly accommodative. Companies today are being made to understand how much they can get when they treat their employees right and this has opened the door to an encouraging work environment for all.

                                          Happy job hunting!

                                          Featured photo credit: Pexels via pexels.com

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