Why Failure is KEY to Success

Why Failure is KEY to Success

Why Failure is KEY to Success

Many people will be a lot more successful if they are willing to fail more often. They think of everything that can go wrong and paralyse themselves. Others are afraid to embarrass themselves in front of their friends. Some can bear the thought of heavy financial losses if they fail.

Before I go on, I have a couple of quotes from two famous sports stars which I think is very appropriate.

Wayne Gretzky, the famous Canadian Ice Hockey player once said: "You miss 100% of the shots that you don't take in life."

Michael Jordan once said: "I've missed more than 9000 shots in my career. I've most almost 300 games. 26 times, I've been entrusted to take the game winning shot and missed. I've failed over, and over, and over again in my life. And that is why I succeed."

These guys "got" something that most don't. And that is, to be successful in business and life, you just have to stop worrying about everything and just go for it.

In his famous book "Think and Grow Rich", Napoleon Hill writes about how each of the very wealthy men he interviewed all experienced huge failures before they were able to make their big fortunes.

One of them was a man named R. U. Darby, whom Hill writes about in Chapter 1.

Darby discovered what he thought was a very rich gold deposit. So he spent a large fortune buying heavy machinery to mine the site. The first few cars of ore delivered to the smelters proved they had found one of the richest deposits of gold in the country. But then all of a sudden, the rich vein of gold disappeared.

Darby kept drilling and drilling, but there was no more gold to be found. So he quit. He sold the equipment for pennies on the dollar to a junk man, who consulted an engineer and found out that Darby had stopped drilling just 3 feet from gold. The junk man went on to make millions of dollars.

It proved to be the biggest failures of Darby's life. He owed massive amounts of money to his friends, family and neighbors, who helped him buy the mining equipment. He spent many years paying back every cent he owed.

Years later, that "failure" proved to be the most valuable experience in his life. The millions of dollars he lost to that gold mine was recouped many times over in another business venture.

How did Darby succeed? The sheer power of his desire was enough to overcome the biggest of obstacles.

You're going to struggle on your success journey and fail at a few things. It's inevitable. Only a strong desire to succeed will keep you going. Most people don't have that desire that's why the smallest of obstacles will scare them away.

So work on your "Why". Why do you want to be successful in business?

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