Is failure the worst thing that could happen to you? Why Do We Fear Failure The Importance of Failure How to Recover from Failure? For most people success is a positive thing, while failure is perceived as something entirely negative. Often, failure encourages a fearful behavior in people.
Everyone hates to fail, but for some people, failing presents such a significant psychological threat their motivation to avoid failure exceeds their motivation to succeed. This fear of failure causes them to unconsciously sabotage their chances of success, in a variety of ways.
Transform your mindset around failure so that you can the experience tremendous success, akin to Jack Ma and Jeff Bezos, both of whom embrace failure. Derive insights from a Nobel Prize-winning work as to how failure impacts us and learn ways two think differently about failure.
Failure is the instance of falling short of success. It is both a universal truth and an inevitable part of the human experience. No matter what time or place in history everyone has known failure.
“To err is human…”
the fact that each and every person; at some point in their lives has and will
experience failure, we’re all afraid to fail. We must then ask ourselves why
this is so.
my exploration, I’ve found that people are afraid to fail because of the
understanding that time is a very important and limited resource. The thought
of investing loads of time, money and resources into something and then have it
not work out is terrifying. Frequently, this bars people from actually pursuing
their dreams or venturing out into new directions.
The ancient Stoics firmly believed that the pain and disappointment brought on by failure was an opportunity for self-improvement; that failure presents lessons. The philosopher Epictetus said;
It is worth noting Epictetus was a man who had all the odds stacked against him. Epictetus wasn’t even his real name. ‘Epiktētos’ is a Greek word meaning ‘acquired’. Epictetus was a slave. He wasn’t regarded important enough to be given a name. Yet despite the many obstacles in his life he chose to push through and is now revered as one of the many great philosophers.
I think of the reasons why I am afraid to fail, I think about my understanding
of the concept of opportunity and cost. I think about all the things that I
will miss out on because I devoted myself to a particular cause. What the cost
of being involved in this undertaking will be and all the sacrifices I would
have to make. I fear failure because this one life is surely not enough to
accomplish everything I set out to do. I especially fear failure because each
time I am unsuccessful; I have to take a long walk back to my comfort zone. Is
it worth it?
believe that failure to life is what gravity is to our bones. It is a constant
stressor that forces our activity and strength in our bodies. Failure breaks down
the muscles of our inner processes in order to regenerate them.
Failure is what helps us toughen our minds for the challenges that lay ahead. We may fear failure and do all we can to avoid it. However, when it occurs, we should not be ashamed or bow our heads in defeat. Failure is a gift that allows us to constantly evolve and improve. Much like gravity, failure is a hard habit to shake off.
In 2009, I bought a domain name: www.chic-ceo.com. I wasn’t quite sure how I would use it, but I knew I wanted to build a place on the internet where people could learn how to start a business. At the time, we were fully in a recession and I was finishing up my MBA.
There’s a tectonic shift happening in our workforces. Remote work brings monumental new challenges for global organizations. So, I interviewed some of the top talent leaders from Fortune1000s to find out: how do we increase employee engagement, trust, and belonging in the Age of Remote?
Strategy In my years of advising business leaders, from entrepreneurs to enterprise executives, I often hear a passion for strategic change planning but seldom see the same commitment to strategic execution. I fully understand that real change is hard, but I’m convinced that more focus on the execution is required to overcome the current 70 percent failure rate for strategic transformations.
A common misconception is company rebranding consists of a new logo, new colours, new visuals etc. but this is actually redesigning. Although there is an aspect of these elements in the rebranding process, they do not make up its entirety.
is really an emotional shift. It is a shift in business direction, a change in
customer experience and a change in the type of services you are offering. It
is actually a restructuring of your actual business.
is important to note that a brand actually has very little to do how the
company looks. Branding is more about the customer experience and what they perceive
about your company. The goal is to create a company that provides valuable,
meaningful and high quality products that distinguish your company from
Reasons to Rebrand
are many reasons why companies may want to rebrand. One of the main reasons is
to form stronger/ better relationships with their consumers. When customer
engagement begins to dwindle, companies may want to assess their branding in
order to regain their market share.
as a company owner, your goals and mission for your company may change. This
can cause the entire infrastructure of your business to shift. This could be
that you are taking on a new partner, you have a different target audience or
that you are implementing different strategies. All these are great reasons to
rebrand your company.
launch of new products or services are also a great opportunity to rebrand your
company. Campaigns to promote these new products will draw more attention to
your company and bring in new consumers.
change in company leadership often calls for rebranding. New managers will want
to bring in new ideas and change various aspects about of the company
direction. This will be reflected in their rebranding.
by determining the direction in which you would like your company to take. This
is a great time to clearly spell out your values, mission and company vision.
Use these to ensure that the choices you make during the rebranding process are
reflected in your company’s core beliefs.
next step is to consider what does and doesn’t work in your current branding.
Before tossing everything out, look at what is currently working well for you
and preserve these elements. This will also promote a feel of continuity that
already resonates with your customers.
out market research to find out what your competitors are doing differently
that’s working well for them. Look at the current market trends as well in
order to make informed choices when you rebrand.
with stakeholders and get their feedback. Involve members of your company in
the process and use this as an opportunity to strengthen your company culture.
You can also involve your customers and get their feedback on various
let the world know. You’ve worked hard to rebrand your company and now it’s
time to showcase these new changes. Be transparent about why and how you
rebranded your company with your customers and monitor the effects these new
changes have on your company.
In all this, bear in mind that a brand is not what a company does or what they look like. Branding is all about your customers and what they perceive of your company. Rebranding is a sure way to revitalise your company and an opportunity to grow. Take it as a learning experience to better yourself and your future business ventures.
Thanks to technology, it’s easier than ever to launch a service-based business. However, despite its simple startup process, growing a sustainable service business can be complex. Because service businesses typically require specific talents and resources, keeping up with market demand might be overwhelming if you don’t scale up properly.
Categorizing the problems and growth patterns of small businesses in a systematic way that is useful to entrepreneurs seems at first glance a hopeless task. Small businesses vary widely in size and capacity for growth. They are characterized by independence of action, differing organizational structures, and varied management styles.
When leading a young sales team or startup, it’s easy to focus on two things: product-market fit and scaling the business. David Skok, of Matrix Partners, argued at SaaStr Annual 2018 that businesses should connect the two by searching for repeatable, scalable, and profitable growth.
In the wake of the COVID-19 pandemic, many things have to shift in the work place in order to better cope and adjust. A simple yet transformative change is the shift from traditional to a more mobile-friendly recruitment process to fit with growing smartphone usage. This advancement has already been apparent in recent years following the advent and continued growth of technology. However, its importance has been made all the more stark by current changes wrought by the pandemic. Thus, a mobile-friendly recruitment process like a website, texting and video- conferencing, is becoming one of the most crucial HR trends to follow. It needs to be easy to read, quick and user- friendly. If it is hard to read, slow and difficult to use on the phone, then it increases the risk of losing out on qualified candidates who abandon the process (Snook, 2020). So as an HR department, ensure that candidates can go on their phones or tablets and be able to search for the perfect job on your company’s platform (Krumrie, 2020).
Attracts a wider pool of candidates
Working with statistics, not only has it
been found that 70% of job seekers use their smartphones to search for jobs,
but also, for nearly every 1 in 5 U.S adults, the smartphone is the single
source of internet at home (Hedreen, 2019). Extrapolating the cost of internet
and technologies to access it, this number is likely higher here in Kenya. Furthermore,
it is estimated that 75% of the world will have access to the internet
exclusively via smartphone by 2025 (Hedreen, 2019). Mobile technology, therefore,
is increasingly becoming an essential in people’s everyday lives and
subsequently a sure way to reach out to potential candidates as a significant
portion of talent can be found on the phone. More candidates also means higher
chances of drawing in top talent.
Saves time and money
Owing to its simplicity as compared to the
traditional methods of recruitment such as physical interviews, mobile-friendly
methods speed up the recruiting process because candidates are able to respond
quickly to both job advertisements and recruiter questions at any time of the
day. This saves time as there is no need for scheduling specific times for
interviews, looking for appropriate venues to cater for all the potential
candidates and spending hours on hours looking for the best hire: “An overlong
recruitment cycle will result in the loss of talent from your pipeline.” says
Paul Beard, Skywater Search founding partner (Krumrie, 2020). Additionally, it
can be done from anywhere, even when travelling or moving in between meetings
in the workplace. So it saves time and money for the company, recruiters and
the candidate while, increasing the chances of both parties finding what they
Improves candidate experience
It makes the recruitment process more
convenient for the candidates. Phones are always on the person or near them and
so are not difficult to reach at any given moment as compared to computers. It
is precisely this aspect of flexibility coupled with the ability to have one’s
documents like the resume and certificates just a few clicks away that make
smartphones appealing to use for just about anything, including job
applications (and recruitment!). Add to that the fact that many people are in
careers or industries that require them to be on their feet most of the time,
like engineering, medicine and sales, it provides candidates with an easier,
cheaper and less stressful way to search and apply for jobs. Moreover, “millennial
workers have shown that they want a different application experience, one that
brings jobs to them quickly and easily.” according to founder of former CEO of
job- matching app Switch, Yarden Tadmor (Hedreen, 2019).
Enhances company’s brand
Mobile-friendly intergrations make the company look modern and up to date which attracts more candidates because it demonstrates the company is willing to adapt and cares about the experience of its candidates and employees. Also, making mobile applications available drives traffic to the careers site, bringing more attention to the company in general. For that reason, the career site should also be mobile-friendly in order to facilitate the process. For instance, it should be easy to navigate and straightforward. Besides, the brand image should be reflected too, to have the most impact.