7 ways that failures (and mistakes) work FOR you in your business

As humans, we fear failure. Like somehow it'll be the end of the world. But failure is inevitable in business. You can't predict what will work and what won't—you just have to try, and then get up and try again. In today's episode, I'm sharing 7 ways that failure works *for* you and not against you.

– How understanding the core of fear and failure will help you to take baby steps towards the thing that you want to do.
– Why failing actually speeds up your success in the long term by learning and growing.
– How allowing yourself to be a beginner is important for growth and success.
– Why focusing on what you want to achieve is essential—rather than focusing on what you want to avoid.
– Why dealing with fear is one of the most challenging things about running and building an online business.
– Why failing is never a waste of time!

Embracing Failure: How Mistakes Can Propel Your Business Forward

Failure is often feared and avoided in the business world. Many of us dread the possibility of failure, associating it with a complete waste of time, money, and effort. However, embracing failure is essential for growth and innovation. Today, we’re exploring how failures and mistakes can work FOR you in your business.

1. Failure as a Learning Tool

Failure is inevitable, especially when venturing into new and uncertain territories. Whether it's launching a new course, starting a podcast, or writing a book, failure provides invaluable lessons. Each failed attempt brings you closer to success, offering insights that can refine your strategy and improve future outcomes.

2. The Freedom to Experiment

The fear of rejection and criticism often accompanies failure, but it's important to remember that these fears are frequently unfounded. Launching a new product or service doesn't come with a public display of your sales figures. This privacy allows you the freedom to experiment and innovate without the burden of public judgment.

3. Incremental Steps Toward Success

If you never attempt new ventures due to fear of failure, you'll remain stagnant. Taking small, calculated risks can lead to significant achievements. For instance, launching a course to a small email list might yield only a few customers, but those initial sales are steps toward greater success. Each small victory builds your confidence and expertise.

4. Building Resilience

Repeated exposure to failure builds resilience. By continuing to try in the face of setbacks, you develop a robustness that is critical in business. Learning from what didn’t work helps you to pivot and adjust, ultimately leading to a successful strategy that is well-informed by past experiences.

5. Failure Highlights What's Important

The fear associated with failure often points directly to what matters most to us. This emotional response can serve as a compass, guiding you toward goals and projects that are truly significant and worth pursuing, despite the risks.

6. Accelerating Your Path to Success

History is filled with examples of successful people who failed numerous times before achieving greatness. These early “failures” were necessary steps in the development of their final, successful ventures. Each misstep is a part of the journey, accelerating your path to success by clarifying what works and what doesn’t.

7. Failure as an Opportunity to Start Again

The worst kind of failure is the failure to start. Taking no action at all guarantees no progress. Trying and failing, on the other hand, provides insights and data that can be used to refine your approach. Long-term regrets are more often about the chances we didn’t take than the ones we did.

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