Thursday, 6 July 2017

How successful people look at failure ?

Jeff bezos, Founder, and CEO of Amazon has said in one of the interviews that if his people have a one in 10 chance of making a 100 x return on an investment, he wants them to experiment every time. This message has a profound on the way he looks at failures. His message implicit that he is willing to tolerate failing nine of out 10 times because his chance of making one big success is high.

This is a very hard concept for us to believe as we had come from an environment where we measure individual or organizational worthiness only with materialistic values. We think that failing is something as a personal failure and with that mindset, we achieve or lead a life what we can do in the safe environment.

The point is when we take the failure as normal in business or in a personal endeavor and then there is a high possibility to make the breakthrough result as we are open to much experimentation. This is purely mindset issues and needs to be challenged with awareness. This is how highly successful people look at failure and moves on!!