"You've got to learn to lose in order to win" sounds like strange advice, but the man who says it has earned over three hundred million dollars. Even in today's economy, that's a considerable sum of money. Here's the story.

In 1958, brothers Frank and Dan Carney started a pizza parlor across from their family's grocery store. Their goal was to pay for their college educations. Nineteen years later, Frank Carney sold the 3,100-outlet chain called "Pizza Hut" for three hundred million dollars.

Carney's advice to those starting out in business sounds strange, but he explains the concept this way: "I've been involved in about fifty different business ventures and about fifteen of them were successful. That means I have about a thirty percent success average."

The point Frank makes is this: You need to be "at bat" if you ever expect to get a hit, and it's even more important to step back up to the plate after you strike out.

Carney says Pizza Hut was successful because he learned from his mistakes. For example, when an Oklahoma City expansion effort failed, he realized the importance of location and decor. He learned from his mistake so that the future would be brighter. When sales declined in New York, he came up with the innovative idea of introducing thick crust pizza with substantial success. When regional pizza houses began to take part of the market share, Frank responded by introducing "Chicago-style pizza," and again success came his way. Factually, Carney failed many times, but in each case he made those failures work for him.

Failure is an experience common to all of us. Question: Will you let those failures work for you or against you? If you do as Frank Carney did, you will use your failures as learning experiences and I really will SEE YOU AT THE TOP!

Like this article? Share it with your friends

E-Mail | Print | More

Related Articles
“Top Twelve FAILING TO DO Items That Will Undermine Your Business Success, According To Your Strategic Thinking Business Coach”
	Failing to do what needs to be done in your business will certainly undermine your business success. There are some proven things you must do to be successful in business. If you ignore these proven things by fail...
Communication Breakdowns
	Communication on sales team can break down in many ways, sometimes with disastrous results. Sales managers set the tone and the expectations around the frequency and quality of communication. There are many ways you...
The "Never Play Favorites" Myth
	Many year's ago, while training at a branch of Dean Whitter (now Morgan Stanley), I learned an important management truth. The branch manager at this office was mandated by corporate to spend a minimum of 60 percent...
Dave Chappelle: Failure Beyond Your Worst Nightmares Can Be Liberating
	What's the worst that can happen? We fail? Sometimes we are the only ones that really know we failed. Once we've faced failure and endured it, what's left? We try again. And, if we know that failure isn't that bad, ...
Your Goals
	Before setting a goal, it is vital to ask yourself as to whether you are prepared to devote your time, energy etc. to achieving that particular goal. The more you are prepared to do something for yourself, and the...

---

Related Forum Posts
	Pitch Like A Girl: How a Woman Can Be Herself and Still Succ
	Why women don't charge more
	Napoleon on Project Management
	Rewired, Rehired or Retired: A Global for the Experienced Wo