Dealing with Failures

Failures are always deemed negative, or at least that is what we consider it to be. We upset ourselves about it, try to steer clear of it; and even question ourselves every single time we experience it. But if you think about it, it is an experience that plays an integral part in the process of climbing up the ladder of success.

As we go through the course of falling and failing – may it be at work, a business venture or in life, we have to consider some actions in order to positively deal with failures.

1. RELAX AND ACCEPT. No life is perfect. It has its share of highs and lows. Life may be filled with challenges you have to face and triumphs to celebrate. But as you go through the process, you may experience failures. These failures are part of life’s process. You have to accept that it is part of the journey as one reaches his goals and dreams.

Alibaba Group’s Jack Ma during the Conversations with Jack Ma held last October 25, 2017 in De La Salle University.

 

Take for example, Jack Ma, the founder of Alibaba who has his own rags-to-riches story. He is proof that no series of failures can keep someone from achieving their dreams. In his speeches, he has proudly shared how he was rejected by Harvard University ten times and was the only applicant (out of 24 hopefuls) who was not hired by a fast-food chain. In his speech at the University of Nairobi in 2017, he said, “You have to get used to failure.”

So if you are failing, accept that you have to experience this in order to succeed. But continue to work on your goals and success. “If you don’t give up, you still have a chance. Giving up is the greatest failure,” Jack Ma.

2. REFLECT. In thinking about your failures, think about how much value you brought to the table. Sometimes, when we are going through failure, it is hard to recognize the importance of it. But have you tried to contemplate how to turn such failure into valuable lessons in your future endeavors? When you learn to create immense value and do so consistently, you will eventually succeed.

3. FIND INSPIRATIONS. You are not the only one who has experienced failure. Many successful people today have reached their lowest point first before reaching their highest point in life. Find inspiration in their failures. Read about people who failed but made it today.

4. RE-CREATE AN EPIC PLAN. After experiencing setbacks, this is now the perfect time to prepare for your comeback. Plot a solid action plan that is realistic and feasible that will help you push yourself past your failure. Evaluate where you can improve and think of better strategies.  A concrete plan may help you to have a systematic way of achieving the goals that we set for ourselves. Remember, every small step counts.

5. FIND A GOOD MENTOR. While you are preparing for your next step, you might need someone who can guide you through. Find a mentor who will provide you knowledge, advice, and tips on how you can achieve your goals. Mentors will also provide encouragement and help us to keep going.

People are diverse and so are the battles they are facing. But here is some dose of truth: no great success was ever achieved without failure. You may not see its purpose onset but like a seed that needs to be buried and alone in the dark, you will surely grow from there.

National Bookstore’s Socorro Ramos was awarded by President Rodrigo Duterte with the Go Negosyo Inspiring Filipina Lifetime Award last March 30, 2017 in Malacanang Palace.

 

It may be a series of failures – like the story of National Bookstore’s Socorro Ramos who prior to being a successful entrepreneur, her business first experienced Japanese war and censorship, and fire and typhoon that destroyed everything. She persevered and rebuilt her business. Currently, National Bookstore has more than 100 branches and has been leading the game for many years.

Remember, whether we like it or not, failure is a necessary stepping stone to achieving our dreams.

We, in Go Negosyo have witnessed inspiring and empowering success stories of many entrepreneurs. For the past 14 years, we have featured countless of entrepreneurship journeys of not just the big entrepreneurs but also of micro and small entrepreneurs who have their share of failure stories but strived, sought and worked for their own success.

 

 

 

 

By Mel Regalario
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