Failures and why they are so important - Adrian Fleming
The most important thing you can do first is fail maybe even fail a few times.
Let’s talk about people who’ve have failed in the past because we will actually learn more from that than their successes in most cases.
These people went bankrupt, some more than once.
Walt Disney (fired too as he “lacked imagination and had no good ideas”)
Robert Kiyosaki – lost his company Nylon and Velcro Wallet Company through incompetence
Oprah Winfrey – fired form first TV job
Steven Spielberg – rejected by Uni Southern California School of Cinematic Arts
Albert Einstein struggled to learn in a traditional way and had difficulty communicating with others
Fred Astaire – “Can’t sing. Can’t act”.
J.K.Rowling was living on benefits when she first wrote Harry Potter and publishers turned her down too
Sir Phillip Green – had 4 business failures before he made his first million
Vincent Van Gogh on sold one painting while alive
Harrison Ford was told he’d never make it as an actor
Sir James Dyson went through thousands of failed prototypes and 15 years of savings
Stephen King threw away his novel “Carrie” as he didn’t think it was good enough after 30 rejections –his wife got him to keep trying
Donald Trump almost failed twice – he needed the banks to bail him out
Sir Richard Branson – arrested for contents of his student magazine and was in trouble for tax too and had to sell Virgin records to keep Virgin Atlantic Alive
Soichiro Honda – turned down for a job at Toyota
Elvis – told, “You ain’t goin’ anywhere, son.”
Babe Ruth – not only successful with 714 home runs but was the record holder for most strikeouts too at 1,330
Seth Godin – has started in his own words “…more than a dozen companies, most of which have failed”. http://AdrianFleming.com
I too have had a few failures over the years and one things I can say is that each and every time I’ve learned form them and aim never to make the same mistake again. One thing I’ve also learned is to spot when things are going wrong and making changes, sometimes radical, to minimise losses, turn things around or get out with a profit if others involved don’t want to take the required action fast – in fact two businesses where I’ve been involved in the last coupe of years that I was a part of, not in full control of made me money and within 6 months of my departure went out of business, one was VC funded, the other privately funded but both were great ideas and could have been fantastic business and so my skills have definitely improved in this area as a direct result of previously failures.
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