And because theyâre ready, their confidence doesnât crack. The venture capitalist Josh Wolfe likes to say, âFailure comes from a failure to imagine failure.â
The bottom line: people who think about what is likely to go wrong and determine the actions they can take are more likely to succeed when things donât go according to plan.
A smart way to assess your options is by using the following principle.
The Second-Level Thinking Principle: Ask yourself, âAnd then what?
Related Quotes
The better, more subtle interpretation is that failure is a manifestation of learning and exploration. If you arenât experiencing failure, then you are making a far worse mistake: You are being driven by the desire to avoid it. And, for leaders especially, this strategy - trying to avoid failure by out-thinking it - dooms you to fail. As Andrew puts it, âMoving things forward allows the team you are leading to feel like, âOh, Iâm on a boat that is actually going towards land.â As opposed to having a leader who says, âIâm still not sure. Iâm going to look at the map a little bit more, and weâre just going to float here, and all of you stop rowing until I figure this out.â And then weeks go by, and morale plummets, and failure becomes self-fulfilling. People begin to treat the captain with doubt and trepidation. Even if their doubts arenât fully justified, youâve become what they see you as because of your inability to move.
There are two parts to any failure: There is the event itself, with all its attendant disappointment, confusion, and shame, and then there is our reaction to it. It is this second part that we control. Do we become introspective, or do we bury our heads in the sand? Do we make it safe for others to acknowledge and learn from problems, or do we shut down discussion by looking for people to blame? We must remember that failure gives us chances to grow, and we ignore those chances at our own peril.
Note that healthy attributions about failure not only stay balanced and rational, they also take account of the waysâsmall or largeâthat you may have contributed to what happened. Maybe you didnât prepare sufficiently for the interview. This is not to beat yourself up or wallow in shame. Quite the contrary; itâs about developing the self-awareness and confidence to keep learning, making whatever changes you need so as to do better next time. Each of us is a fallible human being, living and working with other fallible human beings. Even if we work to overcome our emotional aversion to failure, failing effectively isnât automatic. We also need help to reduce the confusion created by the glib talk about failure that is especially rampant in conversations on entrepreneurship.
The instinct to exhort people to do their best work in challenging times is understandable. Itâs tempting to believe that if we just hunker down, we can avoid failure altogether. Itâs also wrong. The relationship between effort and success is imperfect. The world around us changes constantly and keeps presenting us with new situations. The best-laid plans encounter problems in an uncertain context. Even when people work hard and are committed to doing the right thing, failure is always possible in a new situation. Sure, sometimes failures are caused by people who are careless or donât work hard, but even hard work can end in failure when a situation is new and different or some unexpected event happens. Finally, and most perversely, sometimes sheer luck allows you to mail it in and succeed anyway.
I asked, âIf you could pick one trait that would predict how someone would turn out, what would it be?â
âThatâs easy,â he said. âHow willing they are to change their mind about what they think they know.â
The most valuable people, he continued, werenât the ones with the best initial ideas, but the ones with the ability to quickly change their minds. They were focused on outcome over ego. By contrast, he said, the people most likely to fail were those obsessed with minute details that supported their point of view.