Top Finance And Investment Companies in Winston-Salem, NC

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Winslow Group The Inc

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How Can Failure Lead To Success?

By:  Tim Scronce “I have not failed. I’ve just found 10,000 ways that do not work.” - Thomas Edison Would you rather be known as a failure or a quitter? Virtually every success story is preceded by a string of failures by someone that refused to quit. At the end of the day, quitters end up working for failures. If you are ever to succeed at anything you must change your mindset and become determined to succeed. Fear “Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.” - Robert T. Kiyosaki Fear of failure reduces the entrepreneurial pool considerably. Successful entrepreneurs have no real fear of failure. They understand that the consequences of failure are never as bad as doing nothing. The worst that can happen is that you may go bankrupt and have to start all over. News Flash! This is quite common and has happened to many successful people. The difference is that successful people do not let fear prevent them from trying again…oftentimes again and again until they hit pay dirt.      Wisdom “The only real mistake is the one from which we learn nothing.” - Henry Ford Simply put, learn from every failure. You are going to make mistakes; quickly identify them and capitalize on them. The inability to understand this concept makes success elusive for most people. Each failure contains hidden keys to the kingdom. Dissect your failure, strip away the inessentials, and find those keys. Each successive failure on the path to success should be less painful than the one before it if you apply the wisdom you extracted from previous failures…and never dwell on the past after extracting the wisdom.    The Prize Keep your eye on it…theprize,that is. Application of all wisdom learned from past failures must have a quest for a common goal in mind. What do you envision as your successful business? What elements define it as successful? Attainment   Failure is the boot camp for success. It conditions you for success helps you to react to crises. When you and your business finally hit the right stride, you will know it, and you will be able to maintain it. The word “quit” will cease to be in your vocabulary. I leave you with one last quote from one of the most genuine people on earth. “It’s not how far you fall, but how high you bounce that counts.” - Zig Ziglar ...read more

By Tim Scronce-Scronce Advisors, LLC January 12, 2015

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