Good morning Believe Nation!
My name is Evan Carmichael, my one word is believe and I believe that entrepreneurs are going to solve all of the world’s major problems. So to help you on your journey today, we’re going to learn how success is the hangover of failure. Over to you, Marc Ecko.
Success is the Hangover of FAILURE
I think the best advice that I could give you on success is to know that success is merely the hangover of failure. And that failure is an essential ingredient in creating a learning atmosphere for you. So that you can accrue those learnings, those small, incremental, steps of failure and collect enough learning so that you can arrive at success, right? I think that we’re taught in the system that failure is something that you should be ashamed of.
Failure is for the dumb kids cause you get an F, you get a D, right? You’re not competent, you didn’t comply. You didn’t create the evidence of your worthiness. And I could tell you, as someone who’s successful, right, both financially, from a wealth creation point of view, but more importantly a wealth that matters, that success doesn’t look like an A+.
It doesn’t look like 110 in extra credit. And failure isn’t as simple as an F. And it’s not always, like, failure can be very gray, right? And being able to discern what you might arrive at an event in your life where you think that, “Wow, I’ve succeeded.” And you’re getting the affirmation from all these outside forces. But if it’s not aligned authentically to who and what you are, it could very much feel like failure.
Failure is only real failure if you don’t learn anything from it. We’re so caught up on failure as being this really bad, negative thing, and what happens is people take one shot, and if they don’t hit, then they quit. In what world do you take one shot, and make it? It’s very rare.
It takes a shot, after another shot, after another shot in business, in life, in athletics, in music, anything that you want to do. You will suck at the beginning. You will fail over and over and over and over again. And because people don’t hit it on their first try, they’re convinced that it’s never going to work out for them.
And quite often, then they become the little man to other people and say, “Because I didn’t achieve my goal, now you can’t go out and achieve yours either.” It’s never going to work and they become this super negative person who just brings everybody down.
Most people are so afraid to fail that they don’t even try. And that’s the biggest failure of all. Understand that it only takes one thing to hit for you to become a massive success. If you look at actors, a lot of people had a tiny role, after a tiny role, after a tiny role and they look back on their roles now and they cringe on their acting abilities.
But that’s how they got started. And none of those were hits and eventually they had their big break through. You look at entrepreneurs, it’s the same thing. A lot of entrepreneurs start with a little business, and a little business and another one that doesn’t go well.
And it under, and a little business. And then they come up with that idea that really takes off and they make their first successful company.
“Failure is only real failure if you don’t learn anything from it.” – Evan Carmichael
If we look at my YouTube channel as an example, I’ve done so many videos. 4,000 videos on the channel. And it took a long time before any of them hit. If you look at the Top Ten series, as an example, I tried that as one idea. And that was one out of tons of ideas.
And that idea hit. And then that became from once a week, to twice a week to five times a week. And thanks to your feedback, we’re able to collect 3,000 plus votes on different people to profile because I never thought that we’d have enough people to profile 52 in a year.
I thought that was maximum. Double that, 100 in a year, let alone five times a week. I didn’t think we had enough content. And you guys provided it to me. We have cut more series on this channel than most people create. I’m okay with cutting. I get an idea, the first thing I want to do, and here’s the process, the first thing I do when I get an idea is I want to try it. Test it.
Don’t make it some big, crazy thing that becomes impossible to ever do. If you get an idea, find a low cost, low, super easy way to get started on trying it. And see, do you like it? Does it make you come alive? Do you want to go do it again? Was there any kind of reaction to it? How can you make it better and tweak it? Or, it was not enjoyable. I don’t like doing that. I don’t want to do it anymore.
People didn’t like it either. So we’re going to cut. Success will come again when you combine the thing that you love doing with what the market wants. The thing that you absolutely have a passion for with what people want. You have to have both.
If it’s just what you want, then it’s just a hobby that you do for yourself. If it’s just what the market wants, consumers want, then you’re never going to be the best because you’re only doing it for money and you don’t have a passion to really be great at that business.
Has to be the combination. What you love doing, with what people want. And if you love doing it, you haven’t figured out what people want yet, then keep hustling, hustling, hustling until you can find value to those people so you can build a great business.
But the next time you get this great idea, something that you want to do, stop just making a list of different ideas that just, we keep adding to our list of to-do’s a list of ideas that one day we want to do something about. Get over the fear of failure. Start small.
Take that idea and find a way, today to move forward on it and see, does it make you come alive so you want to keep doing it again and again and again and if not, throw it away and move on to the next one.
Failure is only feedback. Failure is only showing you a way of how not to do something. And if you have that deep passion for learning how to do it, don’t quit on your dreams because you’re afraid of failing.
Question of the day
So the question of the day today is: I’m curious, what is one of the biggest lessons that you’ve learned from failure in the past? Leave it down in the comments below, really curious to find out.
I just want to give a quick shout-out to Michelle Bridgman from michellebridgman.com. Michelle, thank you so much for picking up a copy of my book, Your One Word. It really, really means a lot to me and I hope you’re enjoying reading it. So thank you guys again for watching.
I believe in you, I hope you continue to believe in yourself and whatever your one word is. Much love and I’ll see you again tomorrow morning for another shot of espresso.
Success Is The Hangover Of Failure
You eventually joined Harper’s Bizarre US. And in 1976, it was, you were fired? And I find that extraordinary.
No, they were very clear in that they thought that I would never understand the American market. I remember I was the editor on one shoot that was, I think it was a French fashion show.
And I decided that it would be interesting to have dreadlocks on the models. And I think that that pushed them further than they could bear. So that was it for me. But I think it’s always part of life to have some knocks as well as some successes.
And to take risks?
And to learn. So I think it’s healthy for everyone to lose a job as well as to gain a job.
You wake up in the morning, you’re failing. So you blame the President, you blame Congress, you blame Greece, blame the Euro. I mean, construction industry, it’s the mayor, oh, it’s this. And you wake up in the morning and you look in the mirror, and you’re not failing because it’s the other guy’s fault. Or it’s the economy’s fault.
But if you look in the mirror and said, I’m failing because of me, you wouldn’t like it. And you’d change that. And I believe the common denominator of failure in any business is excuses. As long as you wake up and blame poor sales on the economy, or an environment, then you have no motivation to make it better.
Because it’s not your fault. But in the worst economic environment, four or five years in this country ago, the we’ve seen in our lifetimes, there were people making a lot of money weren’t there? In the height of that recession, there were people selling advertising, people opening restaurants, people building businesses. Somebody’s making money. So the excuse is bull, it’s bull.
So wake up in the morning and own your failure. Look in the mirror and say I’m failing because of me. And you won’t like it. And then you’ll change it. But as long as you don’t put it on you, you have no motivation to change it. So in short, if you own your failure, you’ll own your success.
If you don’t own your failure, you’ll never dig out. And I find that in any business. Always the common denominator of failure, personally, is excuses. You don’t want to be a failure do you ?
Audience Member: Not at all.
You don’t want to look in the mirror and experience that. If you can’t blame anybody but yourself, you’re going to change. You’re going to fight it out. That’s the deal.
Failure is part of life. I mean, the difference for me though is I look at failure as a stepping stone to success. It’s a speed bump. I know I’m going to fail. But it’s not failure if you learn something.
And so, gosh, I’ve made so many mistakes, I’ve screwed so many things up but every time I do, it just becomes, it becomes a way for me to explain to someone else what it takes. You know, it’s like, here’s what I’ve done.
I think I have the ability to influence people because I talk about my failures. I talk about all the things that mess me up. But I show people that I didn’t let them stop me and you don’t let it stop you and I think that’s really the secret there.
Right and if everything you touched was successful, you might not be able to relate to people as much.
No you won’t be able to relate and also, it’s total bullshit. And everyone would know it’s bullshit. And also, you’d be bored silly. I mean, think about it, if you just said I want this and it happened, I want this and it happened, you know, people don’t value what they don’t fight for.
And it’s like, you see kids sometimes and your parents will say, “You’re not going to value this if you don’t work for it.” and you’re a kid going, “I’ll value it, just give it to me.” but it’s true, you know? The things we work the hardest for we value the most.
So I think, you know, the purpose of a goal is not getting it anyway, the purpose of a goal is who you become. Who you become is going to make you happy or it’s going to make you sad. So, I’m not looking for an effortless approach. There’s no such thing.
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