The Power of Failure…how to profit from failures

ARE YOU IN the league of folks who are afraid of failure?

Are you one out of the countless many who for the perceived shame and embarrassment often associated with failure have remained indifferent about taking worthwhile steps towards success?

Just a moment. Let’s talk about this thing called failure.

What’s failure? What’s your paradigm about the whole concept of failure? Is success really possible without failure? What about the fear of failure?

Let me begin by making this all important point: 

“One of the highest motivation for success is the fear of failure.”

Fear of failure is not a bad thing. In fact, it is one of the most powerful tools successful people leverage on to achieve uncommon success.

The fear of failure is not a problem per se. It is what you choose to do with it that counstitutes a major part of the problem.

The fear of failure is a valid tool designed to keep us from the thought of living average, mediocre lives. The persistent feeling or thought of the possibility of failure is programmed to motivate us out of our comfort zones. Unfortunately, in most cases the opposite is what happens because we fail to channel our fears in the right direction.

The one thing about successful people is not that they don’t have the fear of failure lurking around their minds. It is that they have trained their minds to turn every thought or fear of failure into a massive weapon to achieve the success they want.

To enter this league, you need to teach yourself how to do the conversion. Two things are what I wish to pound my hands on.

First is, REDEFINING FAILURE.

The primary reason we don’t profit from failures is because of the interpretation we give to it, or the basic understanding we have about it which is overly erroneous most of the times. 

This erroneous ideology about failure is more or less instigated by the society. The society where we live trains us to constantly see failure from the negative angle.

Nowhere is this paradigm more pronounced like the school system where the grading system is nothing more than a caste system.

The concept of failing in school and its perceived implications is the chief reason majority of us do not know how to profit from failure.

The key thing is to repeatedly see failure through a positive lens.

You see, the desire to succeed is the acceptance of the existence and possibility of failure. It is the realization that the equation of success is never complete without some kind of failure.

You can’t have a bold claim on success when you have not tasted failure firsthand. Failure is the proof of success.

Do you want to succeed? Then get ready to fail again and again. 

Am I attempting to promote failure, and probably give you a reason to become comfortable with your failures?

Not at all.

I’m only trying to lay out the facts on the table for us to behold. I’m only painting a picture of failure that would aid our interpretation of it in a way that would bring us the success we crave. The very one we deserve.

I’m only saying you should learn to factor in failure as part of the major process that leads to success. In fact, the quickest route to success is nothing more than failure. There’s indeed more to that but this is just a basic and indisputable reality.

You see, the business of building a profitable career around your deepest passion is not a bed of roses. It’s a journey that brings you face-to-face with unprecedented realities of failure.

This has been my experience for as long as I can recall.

To succeed in navigating the path and reaching your expectation, you must train your mind to always see failure as part of the whole process. Otherwise you ain’t ready yet for the greatness you say you desire.

The second thing that aids your ability to tap into the power of failure for conversion into a weapon for success is, REFINING FAILURE.

By this I mean, being able to extract useful information from your failures which you can leverage on to make better choices. 

For me, this is the game changer.

I see failure as a feedback mechanism in the wheel of success. It tells me one of two things or both: that there’s something I’m not doing or that there’s something I’m not doing right.

Your job in this context is to find out which it is so you can quickly pick up from where you left off.

Failure is like a parcel. It contains within it certain specifications necessary for your next move. It provides useful information for the next big thing on your path to success.

The time we spend brooding over our failures and getting unnecssarily embarrassed or depressed can be used differently – for learning purposes.

That’s the key. A learning attitude towards every failure you suffer is what refines and turns it into a rich commodity.

Failure has monetary value. There’s an unmined gold trapped within every failure.

What do I mean by this?

When you hear about people making 6 figures from books, online courses, consulting and the likes, what do you think it’s all about?

Obviously it’s all about profiting from their failures. Such products or services are nothing more than an attempt to bring to light the lessons learned from their failures to help others get the same or similar results they’ve succeeded in getting.

So aside utilizing the lessons we learn from our failures to arrive at our expectations, we can also utilise them to create valuable products / services that can aid other people in their own journeys. By so doing, we not only get the opportunity to help others but also to earn profitably in the process.

I hope you now see how it works. That there’s even huge financial benefits embedded in your failures. 

To distil it down, this then is the procedure:

1. See your failures through a positive lens.

2. Extract the lessons contained in your failures.

3. Convert the lessons into a process or system that can be replicated by others.

4. Package the process in the form of valuable products / services   

5. Start selling

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