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How to Get a Return on Failure

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How to Get a Return on Failure

Fail Smarter―Return Stronger

Forbes Books,

15 min read
7 take-aways
Audio & text

What's inside?

Don’t fear failure; it’s a useful tool for developing your perseverance, resilience, and willingness to take risks.

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Editorial Rating

7

getAbstract Rating

  • Applicable
  • Overview
  • Inspiring

Recommendation

No one wants to fail or make mistakes, but everyone hits snags. Don’t let fear of failure cause you to avoid risks or give up on projects you want to pursue. In this quick, encouraging read, best-selling author and leadership consultant John Maxwell offers practical tips for reframing setbacks as learning opportunities. Maxwell argues that successful people don’t take failure personally; they use it to adjust their strategies and develop perseverance and resilience. He ends each chapter with questions for individual or group reflection to cement the lessons and help you move forward with confidence.

Summary

Reframe failures as valuable learning experiences.

People who study martial arts know that an opponent will throw them at some point, so they practice how to take a fall without injuring themselves and get back up quickly. Nothing worth doing is completely risk-free, yet people often don’t even consider the possibility of a setback, so they are shocked and dismayed when one inevitably occurs.

When you enter into a project knowing that you will likely experience some type of failure, you will be better prepared to absorb the hit, recover, and move forward. Moreover, you become more willing to take the kinds of risks that lead to greater success. Yes, if you attempt new things, you might fail — but you will certainly fail if you don’t ever try.

When author Warren Bennis (On Becoming a Leader) interviewed 70 high-performing leaders from a variety of industries, they all described their failures in positive terms, such as “opportunities for growth.” With this framing, failure becomes something of value that can enable you to see your mistakes more clearly and motivate you to ask tough questions about what you can do better next time. Failure also keeps you...

About the Author

Speaker, clergyman, and author John C. Maxwell is the founder of Maxwell Leadership, a consulting firm. His bestselling books include High Road Leadership, The Ultimate Guide to Developing Leaders, No Limits, Developing the Leader Within You, Beyond Talent, The Self-Aware Leader, Mentoring 101, and many others.


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