So I remember hearing this saying years ago and I thought that it was kind of a lame saying and never really paid much attention to it.
However, after being an entrepreneur for over a decade now, this saying really is more important than I realized.
Most people will go into a business thinking that they must succeed or else their life will be over. If the business bombs and they fail..then they think that is the end ...and they go back to finding a day job.
Thinking that you're gonna hit a home run your first time at bat....well think again.
I remember reading about Walt Disney and how that little company called Disney was on the verge of bankruptcy for 20 years. We all see it as this monster success now....but that wasn't always the case.
Instead, if you go into a business and discover the things that don't work and things that do work along the way...then your chances of success are that much better.
You fail your way to success by learning what does not work.
Then you take that knowledge and re-adjust your mindset and goals for your business.
One of my mentors back in the day, was this guy who was worth about $50 million. Like my own Rich Dad Poor Dad.
My mentor had this printing business and was making like a million a month and I thought he was a genius. However, after he took me under his wing and told me how he got to that level, well I thought he was joking.
Along the way to making this kind of income, he said he filed BK 3 times and lost it all many times over.
He said it took him a long time to figure out what worked and what didn't work. So when he failed at something, he took it as a learning experience and applied that to his business so he wouldn't make the same mistake again.
He failed his way to success.
And since then, I've met with numerous biz owners who all have similar stories about how they finally made a success out of their ventures.
What are your thoughts?