Safety Nets For Failure

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failure

COMING from an era when businesses endeavoured and persevered, and making mistakes was frowned upon. The idea was to get the job done right, preferably the first time around.

Making mistakes meant lost opportunities.

It still does mean that.

But we have since moved to a kinder phase as a society.

One in which making mistakes is almost encouraged and money is thrown at you to go forth and trip up. The general view seems to be that there is more cash than there are new ideas, so investors are willing to lay bets with a glimmer of an idea.

The reason for this benevolence is so that you will learn from your mistakes and be shrewder, scraped knees, bruised egos and all. And hopefully bounce back to create that killer app.


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Unfettered Idealism

In chatting with those new to the workforce and on the verge of entering it, you can’t dodge their enthusiasm to try new ideas. Joining a start-up is always on their mind. To get in on the ground floor of a business that could become the next giant of industry, and eventually cash out.

And as you talk to them, the recurring refrain is that it’s okay to chase their dreams even if they don’t work out. “We can always start again and find investors.”

How many failed ventures are there as a result? How many such projects could have been taken over the line if the fire of desire was burning brighter and there wasn’t the comfort of a safety net and another big thing to pursue?

Rather than keeping an eye out for the next opportunity, how about channelling the distracted effort into making the current project happen?


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If that energy could be focused on understanding what was the speed bump before the finish line perhaps innovative ways of getting around it could be developed.

We could have more working projects.

There could be more ideas born out of necessity and fresh ways of looking for solutions to issues that will recur.


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Goldbell Group


By leaving one project for another, what’s to stop the sideways glance at another bright project becoming a force of habit?

Maybe a push to accomplish could fire up more young minds to reach the finish line. The satisfaction that accompanies completion is often more gratifying than hopping to another project with better funding at the first sign that the wheels are going to fall off.

 

Image: shutterstock.com


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