Failure: verb (used without object)
- to fall short of success or achievement in something expected, attempted, desired, or approved
No one likes to fail. The feelings associated with failing are often laced with disappointment, anger, exasperation and a sense of defeatism. To add insult to injury, you then have to tell people of your said failure which can ensure that any air left in your already deflated balloon, is well and truly gone. No one likes to fail.
I often find there are mixed thoughts with regards to failure. For those who have failed and then succeeded, failure was a great thing for them. To the people who hear the related story they also believe failure must be good. In a sense, there must be hope for the rest of us.
However, that is all well and good if you were the person to become the success, but how about if you are currently the person living your failure? Then, how is failure perceived? Society’s attitude to those who fail is not as forgiving as one would like, which perhaps suggests why people associate so much risk to entrepreneurship and why so many people are put off the idea of trying again a second time. Not only are they pushing through their own self doubts to pursue their goals, but they are also having to push aside their peer’s capacity to tolerate their failure a second time, which studies show will have dropped significantly.
Logically it makes no sense, that in today’s world failing at something because you tried will tarnish you with a negative social label. In order for entrepreneurship to continue evolving, the stigma associated with failure has to be shaken off and be replaced with positive personal development. When you fail at something, hopefully you can recognise why and where you failed, so that next time you can move forward accordingly.
If positive personal development isn’t enforced with more vigour, then there is a real risk of those seeking to fulfil their entrepreneurial endeavours, not actually doing so. Studies have shown that those who had previously failed at entrepreneurship have been hesitant to persevere with them having experienced feelings of both personal and social embarrassment. This attributes to their fear of applying for business loans a second time for fear of rejection.
Not everyone chooses to seek an entrepreneurial path or go against the confines of a 9-5 job. To therefore embark on something, that only a minority consider as opposed to a majority is brave in its self and should be celebrated. Not only that, but one should remember that entrepreneurship is all about learning as you go and also learning from one another. Therefore, you should seek to understand why someone failed and learn from their mistakes. Be grateful that they are there to share both their knowledge and insights with you, as opposed to judging them for having been brave enough to have tried.