Failure can be extremely painful. Indeed, the “normal” psychological reaction to failure is to distract yourself and do something completely different right away.
But extremely-successful entrepreneurs typically defy this “normal” reaction. They go back and try again at things they fail at. That’s because they often believe in something I call the “failure faith,” a powerful conviction that every setback offers vital lessons that could not be learned any other way. Survey research for my book, The First Habit (click here to download a free copy), shows that these highly-accomplished entrepreneurs rely on failure to tell them what they’re good at.
So if failure is so important, how can you best embrace it? When you fail at something (a new product, a negotiation, or a recent hire), what’s the best way to welcome it, and hear it out?
Here are five ways to cope with failure and turn it into one step along your journey to sizeable success: [Read more…]