An interesting thought concerning failure from The Napoleon Hill Foundation Thought For The Day:
“If you carefully study your own life and those of achievers whom you admire, it is an absolute certainty you will discover that your greatest opportunities often occurred during times of adversity. It is only when faced with the possibility of failure that we are willing to deal with radical change and take the risks that lead to great success. When you experience temporary failure and you know that it is temporary, you can capitalize on the opportunities adversity always brings.”
So in order to achieve success, a likely accelerant is to the push yourself to failure, rather than avoid it. In the tech investor communities there is a saying that correlates to this idea “Fail fast”.
Failure is likely another key difference between the 1% and the remainder of the population; they push themselves to failure, rather than sticking to conventional advice of avoiding failure. I recall watching an interview with Sara Blakely, the founder of Spanx who mentioned that in retrospect, one of the keys to her success was that from an early age her father would ask her what endeavor she had failed in that week. How many parents do that? The advice obviously paid off as Ms. Blakely later went on to become the youngest self-made female billionaire in America.
1. CNBC. Billionaire Sara Blakely says secret to success is failure:
2. The Napoleon Hill Foundation. Thought For The Day. Failure is a blessing when it pushes us out of a cushioned seat of self-satisfaction and forces us to do something useful: