Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header
Share for a Cause









What is Failure Anyway?

Written by: Nan Russell

Article Overview: Does it surprise you that only 400 cokes were sold the first year; Albert Einstein's Ph.D. dissertation was rejected; Henry Ford had two bankruptcies before his famous success; or Ulysses S. Grant was working as a handyman, written off as a failure, eight years before becoming President of the United States?

Free Download - The Art of Change By Nan Russell
Name: Email:

What is Failure Anyway?

Does it surprise you that only 400 cokes were sold the first year; Albert Einstein's Ph.D. dissertation was rejected; Henry Ford had two bankruptcies before his famous success; or Ulysses S. Grant was working as a handyman, written off as a failure, eight years before becoming President of the United States?

Rodin couldn't get into art school on three occasions yet became a great sculptor; Abraham Lincoln lost seven elections before winning the Presidency; Babe Ruth stuck out 1,330 times in route to hitting 714 home runs; and Oprah Winfrey publicly failed several diet attempts before becoming an inspiration for looking great after fifty.

Setbacks, disappoints, rejections and unsuccessful attempts were not failures to these people. They were steps to their success. That's the difference between people who are winning at working and people who aren't. How you deal with your setbacks (big or small) will determine your results. You see, failure is not the lack of success. Failure is staying down when you trip or stumble. It's giving up, checking out, or shutting down.

I wasn't a failure when I was fired from my first professional job, although for awhile I felt like one, and I could have been if I'd lost my confidence and given up on my career aspirations. I wasn't a failure when I was passed over for a coveted promotion I'd worked years for, but I could have been if I'd let that setback determine my future. And I wasn't a failure every time I pitched an idea that got turned down, but I could have been if I'd stopped pitching ideas.

You see, in twenty years in management, for every "yes" I've gotten in my career that's visible, there's least five "no's" that aren't. For every success I've achieved, there's at least as many misses. Yet when we look at other people's successes, we miss the struggles, frustrations and disappointments that came before them, so we think their success was easy.

How you view your disappointments, falls, and setbacks will impact your success. Do you see them as stepping stones or brick walls? People who are winning at working live Ralph Waldo Emerson's words, "Men succeed when they realize that their failures are the preparation for their victories."

People who are winning at working don't blame others for what's happened to them, and they don't use other people's definitions for success and failure. They use their own. They know it's not failing to miss their mark, change paths, re-assess goals, try something new or adjust direction. To them, failure happens when they stop trying to achieve their personal best.

(c) 2005 Nan S. Russell. All rights reserved.

Related Articles
  Do You Think You Are a Failure, When Failure Comes Knocking At Your Door?
  Small Business Owners - How To Overcome Fear Of Failure?
  Learning From Failure
  Fear Free Selling
  It's Better to Fail Quickly

Home > Business-Coach > Nan Russell > What is Failure Anyway
Article Tags: abraham lincoln, albert einstein, art school, babe ruth, bankruptcies, becoming president of the united states, career aspirations, cokes, disappointments, frustrations, henry ford, home runs, oprah winfrey, professional job, rejections, rodin, setbacks, success failure, ulysses s grant, unsuccessful attempts

About the Author: Nan Russell
RSS for Nan's articles - Visit Nan's website

Nan S. Russell is the author of "Hitting Your Stride: Your Work, Your Way". She is also the host of "Work Matters with Nan Russell" weekly on webtalkradio.net. Nan Russell has spent over 20 years in management, most recently with QVC as Vice President. Sign up to receive Nan's "Winning at Working" tips and insights at http://www.nanrussell.com

Click here to visit Nan's website
Dashed Line

More from Nan Russell
Get The Facts
FollowMe Leaders
Staying in the Game
ANCORA IMPARO
Kept Waiting


Related Forum Posts
Why A Project Fails? Why A Project Fails? - Hello Everyone As the size and complexity of ones business grows, so does their need to effectively manage projects. I have been thinking about the major reasons why a project can go wrong and my limited experience comes up with the following. 1 Leadership: A project manager with leadership skills and not just management skills. 2 Failure to (Foresee and) Plan 3 Failure to Manage: Ineffective change management control methods. Unclear decision making guidelines. 4 Talent: Finding, allocating and developing people 5 Scope: Setting an overly ambitious or amibigious project scope 6 Alignment: When projects are not prioritized in alignment with the business strategy, or project members personal objectives are not in tandem with that of the project / company 7 Lack of Candor: Communication Breakdowns I would be interested in knowing everyone's thoughts on this, especially on ways to overcome the above mentioned obstacles. Cheers!
Top performing Franchise Loans Top performing Franchise Loans - Evan, There are over 120 Franchises listed by the SBA with 0% Loan Failure from 10-1-00 to 9-30-05 these companies have at leat 10 loans disbursed. A number of the companies are Hotel/Motel Franchises so I listed them separately. Since all the ones listed have 0% loan failure I listed them descending by # of loans disbursed. Top 20 (by # loans Disbursed) 0% SBA Loan Failure (does not include hotels/motels) 1 21425--CULVER'S FROZEN CUSTARD 85 2 66910--PRIMROSE SCHOOL (DAYCARE) 76 3 14467--CARTRIDGE WORLD STORES 54 4 68021--QUIZNO'S SUBS 41 5 06560--AUNTIE ANN'S (SOFT PRETZELS) 40 6 29912--FIREHOUSE SUBS 35 7 31154--FOOT SOLUTIONS 35 8 52707--MEDICAP PHARMACY 35 9 09802--BEN & JERRY'S ICE CREAM 33 10 67759--COMFORT SUITES 33 11 70150--RITTER'S FROZEN CUSTARD 32 12 05650--ARBY'S 31 13 65160--PLATO'S CLOSET 31 14 67417--PUMP IT UP 30 15 69149--REMAX 30 16 71456--SALAD WORKS, INC. 30 17 76282--SONIC DRIVE-IN 27 18 84725--UNION 76 OIL 27 19 17049--CHRISTIAN BROTHERS AUTOMOTIVE 26 20 78950--SUNOCO SERVICE STATION 26 Top 10 0% SBA Loan Failure Hotel/Motels 1 10275--BEST WESTERN INN 104 2 67750--COMFORT INN 98 3 38605--HOLIDAY INN EXPRESS 87 4 36680--HAMPTON INNS 57 5 53165--MICROTEL 33 6 75385--SLEEP INN MOTEL 26 7 04160--AMERIHOST INN 18 8 69134--RED ROOF INN 13 9 17230--CLARION INN & SUITES 11 10 20715--COUNTRY INN 11
These maybe the coldest franchises out there: These maybe the coldest franchises out there: - Here are the worst 15 performing franchises in regards to having the highest Small Business Administration (SBA) loan failure rates. The list is dotted with sub sandwich shops, fitness centers and car shops. WORST FRANCHISE LOAN FAILURES Failure % 1 OBEE'S SOUP SALAD SUBS 55.56% 2 LADY OF AMERICA 41.94% 3 COUNTRY CLUTTER (BED & BREAKFAST) 41.18% 4 COPY CLUB 36.36% 5 ALL TUNE AND LUBE 35.71% 6 PICKERMAN'S 35.71% 7 PHILLY CONNECTION 35.59% 8 ROLY POLY ROLLED SANDWICHES 34.78% 9 COTTMAN TRANSMISSION 34.48% 10 HAIR COLOR EXPRESS 33.33% 11 LEE MYLES AUTOMOTIVE TRANSMISSIONS 33.33% 12 GODFATHER'S PIZZA 33.33% 13 SMOOTHIE FACTORY 33.33% 14 BLIMPIE 31.39% 15 GOLF U.S.A. (RETAIL GOLF EQUIP.) 30.77% Source: Small Business Administration, SBA Loan Performance Within Franchise Code for the Period of FY 2001 - 2005


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.



Featured Article


Bottom Footer
Share for a Cause












Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

How to choose your executive coach -1

What is an Adaptive Organization

The Death of the Sales Magazine

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.