As a business leader, entrepreneur, and human being I’ve had my share of failures.
When I think back on the massive pile of ideas that I’ve tried to turn into businesses over the years, I’m surprised I’ve only failed a few times instead of hundreds.
The lessons I learned by failing, even though it may have stung pretty badly each time, are lessons I never would have learned if I had never tried. But the biggest lesson has been learning to understand when it’s time to pivot, or even let go.
Failure is part of the road to success: for you, for your team, and for your family. Be flexible when you need to find another path. Be open to a new perspective. And most importantly, be honest with yourself when something is simply not working.
Think about this when you lead or manage your team. How can you make a change that will increase the likelihood of success? What can you let go of that’s holding you back? What can you do to help yourself, and others, get off the path to a truly epic fail?
And remember — when failure happens, how you coach your team through the aftermath can make all the difference.
Henry Ford once said, “The only real mistake is the one from which we learn nothing.” When you can, help your people learn from their failures. And when there is no silver lining or learning, help them put it all behind them and move on.