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3 ways to make your next failure a learning opportunity

Here are three key components of a fail-fast-and-recover philosophy.
By Bruce Cazenave |
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3. Make each failure a strategic one. 

When failure does happen, it is essential to be mindful and deliberate about why something didn’t work, as well as attentive to what can be learned. This “big-picture” thinking is key to reaping the most out of a seemingly negative situation. Being mindful of the past missteps you have encountered will help you avoid repeating the same mistakes.

 

The fail-fast mantra is the model we encourage all employees to adopt when they join our company. We have worked to instill this approach across our teams to streamline processes, boost innovation and build equity across the board.

 

Failure might always be an unnerving topic, associated with disappointment and setback. However, I encourage you to remember that it’s your own personal outlook that shapes your current situation. Viewing a failure, whether it is your own, or one that results from a business initiative, as simply that—a failure—will define it as such. Our careers are full of learning opportunities—even if at first they do not present themselves as educational ones.

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When you step back and apply your own “fail-fast-and-recover quickly” philosophy, it is possible—to continue the baseball metaphor—to turn those rained-out ballgames into a winning season for you and your employees.

 

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Copyright © 2016 Entrepreneur Media, Inc. All rights reserved.

This article originally appeared on Entrepreneur.com. Minor edits have been done by the Entrepreneur.com.ph editors.

 

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