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The Truth About Failure
Written by: Laurie HayesArticle Overview: Failure is simply a matter of perspective. Discover how to operate from an empowering mindset and turn your road to home business success into a journey of excitement and accomplishment.
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Free Download - How 3 Simple "No's" Can Change Your Life and Business By Laurie Hayes |
The Truth About Failure
Experience is simply the name we give our mistakes.
- Oscar Wilde
How you handle failure determines your levels of success and happiness in life.
If you are afraid to fail, afraid of what others will think of you, or that your situation could become worse, you will remain exactly where you are.
And this is where the feeling of being in a rut begins.
You probably know certain people who complain about their lives -- their jobs, relationships, family or possessions. It's the same 'ol, same 'ol and even though they don't like where they are and know things could be better, they aren't willing to step up and create change.
They'd rather remain miserable and in a rut than risk trying something new.
If you are willing to accept the fact that failure is a part of the landscape on the journey to success, and take the journey anyway, you will achieve far more than the common herd.
Successful business owners and high achievers (athletes, writers, actors, teachers) have failed many more times than those who remain average because they were willing to move through and learn from each failure.
If you were to study every successful human being on the planet (and you may define success in any way you choose), you will uncover a history of obstacles they had to overcome and failures they endured along the path to that success.
With failure comes experience. With experience comes wisdom, character and strength.
You must know failure in order to recognize success.
Just like you needed to learn what hot was so you could understand cold, or what up is so you could understand down. It's based on one of the 7 Natural Laws of The Universe -- The Law of Polarity.
You need to experience fear in order to appreciate faith.
You need to experience illness in order to appreciate health.
You need to experience hate in order to appreciate love.
The important thing to understand is that although failure is a part of the process, it does need to be managed. To run blindly into any situation is careless and creates far more failure than needs to exist.
This is where processes and structures and support systems become invaluable -- where creating a "success" environment reduces your failures and moves you quicker and easier to where you want to be.
Failure must be a part of the process for it's in these valleys you grow most - it's where you become a stronger, more capable person.
And even if what you've worked so hard for is taken away from you, you know how to get it back faster and easier because you have the necessary knowledge and experience.
The true measure of success is in who you become.
If there is anything in your life you long for, don't let the fear of failure stop you because in the end when you look back on your life with regret for the things you never did, you will have realized the ultimate failure.
2007 © Laurie Hayes - The HBB Source
Look Within
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To Tell the Truth
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Article Tags: fear of failure
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Related Forum Posts
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
- 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
Me Too - So....
- I write. Its a form of 'pull' marketing that suits me, though I'm quite an outgoing person.
I know all the stuff about it not being me, 'they're just not ready yet'. Truth is I'm not good with rejection and will walk if I get too much of it - so I do it differently.
Each to his own I guess.
Still, I wish I had the guts to do those 500, just to say 'I did it'!
Will read that article!
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
Re: Cash up front ... or Royalties?
- There are so many amazing stories here.
Most my inventions were created on the job and are the property of my employer.
Cash up front if you are out of options is what some people must do.
These people may consider a 5 year contract.
This would allow them to renegotiate another license when they are stronger financially.
Truth is most people that are in financial trouble today are still in trouble 5 years later.
Discipline and control of your own life is priceless.
An example of cash up front versus royalties is "Star Wars"
Harrison Ford (Hans Solo) took cash up front. He needed the money.
Alec Ginness (Obiwankonbi) took royalties. I believe the force is still paying.
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