The ‘Failure to Success’ Model

The ‘Failure to Success Model’ is not complicated but it is difficult to implement because there is so much emotional capital invested in failures. It is not uncommon for an entrepreneur to internalize failure and take it personally. When this happens it is difficult to separate failure as a process from failure being a personal short coming. Failure should never be taken personally. Failure should be viewed as an opportunity to learn and then use that knowledge to move closer to success. Tom Edison viewed failure being one step closer to the right solution. One of his all time great quotes is, “I have not failed. I've just found 10,000 ways that won't work.”

You will fail. Being an entrepreneur guarantees it because you do not have all of the answers. Get use to it. The real question an entrepreneur needs to sort out is, “How am I going to handle failure?”

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