Feedback Form

Lesson #1: Failure Is Your Friend On the Road To Success

  Articles
Lesson #1: Failure Is Your Friend On the Road To Success

Watson thought about his success in plain terms. When he was once asked what the secret to all he had achieved in his life was, Watson replied, “It’s quite simple, really. Double your rate of failure. You’re thinking of failure as the enemy of success. But it isn’t at all.”

Rather, Watson believed that failure was not only an inevitable part of the equation in the formula for success, but that it was both a necessary and also a positive stepping stone towards achieving the goals he had set out for himself.

“I have made a good many predictions about the future of our business and I have been wrong every time because I have always underestimated its possibilities,” said Watson. Despite heading one of the most powerful companies in the country of his time, Watson was not perfect. He, too, made mistakes along the way – mistakes that would cost the company dearly. But, what set Watson apart from his peers was his determination to bounce back from his failures.

In his early years, Watson was struggling as a salesman with Wheeler and Wilcox in Buffalo. He had just relocated to a new city and was finding it difficult to adjust not only to the change of environment but also to having to now sell products door-to-door. After making a particularly hard sale, Watson celebrated his success with a drink at the local pub. But, when his equipment and horse and buggy were all stolen outside the bar, his success would be transformed into a failure in the eyes of the company. He was promptly fired. Disillusioned with his prospects, it took Watson over a year to find another steady job. Was having that one drink a mistake? Perhaps, but it was never one that Watson would regret since it would start him on the path towards running his own company.

Watson was never content to take the easy road. He set his sights high and tried his best. He made some mistakes, suffered the consequences, and bounced right back. “It is better to aim at perfection and miss it than to aim at imperfection and hit it,” he said. Watson was not about to let fear of failure get in his way of achieving the impossible. For him, the impossible was not only possible, but it was indeed the only thing that was worth striving for; it was the only thing that would differentiate him and make him stand out.

Mistakes, according to Watson, were nothing to be ashamed of and were, in fact, a necessary part of the process of running a business. Both failures and successes were something to be celebrated, because both signaled effort and triumph in the end. “The man who does not take pride in his own performance performs nothing in which to take pride,” said Watson.

Therefore, the choice for Watson was a simple one. “You can be discouraged by failure or you can learn from it,” he said. “So go ahead and make mistakes. Make all you can. Because, remember that's where you'll find success. On the far side."





Lesson 1 Failure Is Your Friend On the Road To Success

Like this article? Share it with your friends

Related Forum Posts Article Feedback
Article Feedback No article feedback found.
Leave Your Feedback

Related Articles Related Articles
Manage Fear of Failure
  Clues from past sucesses can help up beat fear of failure.
An MBA in 3 lessons and 1 article
  Having just completed my MBA after 4 1/2 years of study, I thought it would be good to share some of the lessons I have learnt
“Failure Breeds Success – If You Learn From Each Failure”
  Many readers of this article may ask how failure breeds success? Others will ask, “Doesn’t failure breed more failure, a sense of loss, or a loser mentality?” And I welcome the inquiry and the chance to respond be...
Small Business Owners: Do You Suffer From the Fear of Success?
  Small business owners have become the economic backbone of this country. Yet, many are still struggling. Could these struggles be due, somewhat, to the fear of success?
Fail to Succeed
  Failure is never the end of the road. Failure is how you learn and grow. Whether it's building biceps, achieving financial freedom, becoming the best parent possible, or reaching the Oval Office: you must fail to su...

Related Forum Posts Related Forum Posts
Why A Project Fails? Why A Project Fails?
Top performing Franchise Loans Top performing Franchise Loans
Re: John Willard Marriott - New Profile Re: John Willard Marriott - New Profile
Bounce! by Barry Moltz Bounce! by Barry Moltz
Books for the Entrepreneur Books for the Entrepreneur
Book: 101 Best Home Based Businesses for Women Book: 101 Best Home Based Businesses for Women
Re: Free Twitter Resources & Apps Re: Free Twitter Resources & Apps
Re: Kevin's Forum Mastermind Group Re: Kevin's Forum Mastermind Group

Related Forum Posts Related Businesses - Evan Elite Authors
Jay Kubassek
(Jay's Full Bio: EvanCarmichael.com/jaykubassek) Jay Kubassek is a Canadian born entrepreneur, internet marketing genius, professional speaker, international real estate developer/investor, executive film producer, extreme sport enthusiast and a passionate supporter of several charities worldwide. In 2007, Jay's vision and dedication to help other entrepreneurs and business owners duplicate his marketing success led to the creation of his fourth company CarbonCopyPRO, an internet marketing firm already worth over 15 million dollars that has over 20 employees and contract workers with clients is 12 different countries. Jay resides in NYC with his girlfriend Jamie, three year old son Milo and dog Cooper. As executive producer he recently premiered his first film in the 2008 Cannes Film Festival. As an adventurist he is racing the 2008 Baja 1000 off-road race and is a member of the 2008 U.S. National Elephant Polo Team, The New York Blue who will be representing the US in the 2008 World Championships in Nepal. Visit Jay's Blog: www.JayKubassek.com - Visit Jay Kubassek's Website

Dianne Crampton
Dianne Crampton is an executive leadership coach, team consultant, author and president of TIGERS Success Series, Inc. Dianne has been helping CEO's and Executives connect their employees to their core values and goals for over 20 years using the trademarked TIGERS team culture process, which stands for trust, interdependence, genuineness, empathy, risk and success. To download a free white paper on behaviors that build strong teams and behaviors that will predictably tear them down go here. - Visit Dianne Crampton's Website

Leanne Hoagland-Smith
Are your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website

Linda Richardson
Linda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website


To learn more about the Evan Elite Author Program please contact us.


Thomas Watson Sr. Picture Thomas Watson Sr. Newsletter
Get our free newsletter to learn more about Thomas Watson Sr. and other famous entrepreneurs!

Email:
Name:






Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons 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 and Sean Combs!
Have A Suggestion?

Featured Ebook


ebook Famous Entrepreneurs - Modern Empire Builders


Featured Ebook

More Evan Carmichael
Have A Suggestion?


Sales Lessons From Starbucks And Dell