How fast do you FAIL ? 5 seconds, 5 mins ...

4 replies
5 hours, 5 days, 5 weeks, 5 months or 5 years ... ????

I really feel that I have to work on failing meaningfully faster. In my case, I feel it's somewhere around 5 weeks which might contribute to approx 5 months.

I feel there is some nexus between the relationship of failure and success. and also a problem in the way I treat small failure

I love to hear your views or approach and speed of recovery .... >
#fail #fast #mins #seconds #success
  • Profile picture of the author paulgl
    Knowing when to cut your losses is part of business.
    The only timetable is your own.

    My advice would be this:

    When you are starting a new venture or creating a business plan,
    decide when to call it quits. Set benchmarks. If you fail to meet
    them on your timetable, get out. But, you also need to determine the
    parameters for reassessing as to whether your plan can change.

    Do some research on the percentage of businesses that do what you are
    doing fail, and how soon. Be realistic.

    I can't see a relationship between how soon something fails for future
    success.

    What I do see is a need to cut your losses before it gets out of
    hand.

    Paul
    Signature

    If you were disappointed in your results today, lower your standards tomorrow.

    {{ DiscussionBoard.errors[2540775].message }}
    • Profile picture of the author Sandycmy
      I completely agree when you say" What I do see is a need to cut your losses before it gets out of hand'

      However, probably what I want to seek is there are quite a few things which I want to know whether they work or not, or in some projects need to work on certain things swiftly to reach the right one which works -- I feel that as I probably delay in my testing/experimentation is causing more concern than anything. I strongly feel Failing meaningfully fast towards the solution is only way to find it !

      Though I run a pretty successful business, I feel I could have done the what I did in the past 6 months in probably 2 weeks !-- this is thought which arouse that speeding up fetches faster results and more time than the competitors to get the market share



      . "
      Originally Posted by paulgl View Post

      Knowing when to cut your losses is part of business.
      The only timetable is your own.

      My advice would be this:

      When you are starting a new venture or creating a business plan,
      decide when to call it quits. Set benchmarks. If you fail to meet
      them on your timetable, get out. But, you also need to determine the
      parameters for reassessing as to whether your plan can change.

      Do some research on the percentage of businesses that do what you are
      doing fail, and how soon. Be realistic.

      I can't see a relationship between how soon something fails for future
      success.

      What I do see is a need to cut your losses before it gets out of
      hand.

      Paul
      {{ DiscussionBoard.errors[2540853].message }}
      • Profile picture of the author surgematrix
        Failure is success turn inside out. You have to fail to succeed. You should not take failure personally. In any business that you are doing, you have to have a game plan and stick to it. It might take awhile but the fruit of your labor will surely rise.
        Signature

        Fight Phishing Attacks, BEC, Ransomware Data Breach & other Threats
        https://tangabyte.com
        Free Reseller Account: https://hostingbizresellers.com

        {{ DiscussionBoard.errors[2540870].message }}
  • Profile picture of the author Gary Pettit
    Studies have shown that it takes 21 days to effect real change in one's life. (I apologize I can't cite the source.) That is, if you begin a new habit or regimine, smoking cessation or exercise program, it will take about 21 days for the change to become a "part" of you.
    So "5 weeks to fail" doesn't seem too far off. And once it's that much a part of you, it will take a good 3 weeks to climb your way back out.
    {{ DiscussionBoard.errors[2545045].message }}

Trending Topics