Every entrepreneur fails, but that’s a good thing. This is why.

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Every entrepreneur fails at something during their journey. Maybe they fail to launch a business. Or they can’t make it grow and be profitable. But regardless of the circumstances, every entrepreneur fails.

However, what tends to differentiate the failures of one entrepreneur from the failures of others is that entrepreneurs often get up and, without hesitation, try again. Entrepreneurs have the drive to keep trying. They learn to take hits, shake their shoulders, and return to the game with thicker skin. In fact, most entrepreneurs see failure not as the end of anything, but as a lesson learned about what not to do or what doesn’t work.

Throughout my work as an entrepreneur and business coach, I know that continuing my own education and learning is essential. Therefore, I surround myself with other people who have diverse perspectives, which allows me to gain new ideas and concepts that I can share with others.

With that said, I’ve compiled some interesting thoughts on failure from those who have failed, and succeeded, many times throughout their careers.

A common thread throughout the advice is this: Failure can be great, and successful entrepreneurs will use the momentum of failure to learn, adapt, and move forward.

Related: 10 Lessons About Failure Every Entrepreneur Should Know

Avoid fear of failure

Entrepreneurs often don’t see failure as the end of an endeavor. Instead, they understand that failure is a necessary part of achieving success and every failure should be celebrated, which can seem counterintuitive since most of us want to put our failures behind us and move on.

However, this also reminds me of a quote I once heard that instantly changed my perspective. The quote is about being more afraid of regret than failure. So, in other words, be more afraid of what you ever try to do because you are afraid of failure, rather than failure itself.

While we all want to be successful, we must understand that failure and success are not separate. On the contrary, they depend on each other, and anyone who achieves an admirable level of success is free from failure.

Write it

Contrary to what most preach about moving on from failure and leaving it in the past, I learned that there is a different approach to failure that can be helpful. Instead of just moving on, try “writing it down” and remembering the failure through your own lenses and words. This process invites us to see the situation differently and put it into a larger perspective to keep an eye on the end goal and appreciate the messy middle. While this can be a painful or cathartic experience, it allows you to evaluate, analyze, and really absorb the lesson for future application.

As a collection of entries, the diary full of failures becomes a historical account of our journey and everything we went through. It shows that we are strong, that we have the power to overcome obstacles, and that every twist, turn, and curveball is intentionally put in our way to get us closer to our goal.

In essence, the crash journal is a log of lessons learned that we can review when we’re struggling or take a moment to see how far we’ve come and how much we’ve grown.

Related: Why You Need to Change Your Perspective on Failure

failures matter

When I thought about keeping a failure journal, I realized that our failures are just as important as our successes. And as cliché as it sounds, it reframes our mindset and allows us to focus on the journey and not just the destination.

For example, most entrepreneurs are familiar with the expression “fail ahead.” Fail forward refers to using failure as a way to progress. It is a method of extracting the lesson from experience and applying it as you go along.

When I thought about my failures and the idea of ​​separating the situation from the result, I realized that our failures can be arranged in a timeline for our current situation and can almost serve as springboards. Each one serves as a mini-stopping point that invites us to analyze our situation at that particular moment and brings us closer to our goal as we jump to the next stone. And for that reason, we must refrain from fearing failure and change to accept it.

Related: 10 strategies for entrepreneurs facing failure

respect your failures

The other benefit of a bug journal is that we often know what works, but we tend to block out some details about what doesn’t. So creating the failure journal will invite you to respect and appreciate those failures.

Here are three tips for respecting your business trip:

  1. give yourself grace He’s not the only one who fails and tries things that don’t work, that’s business. So give yourself the freedom to fail and the dignity to recover.
  2. Practice. Practice being patient and kind to yourself in everything you encounter. Avoid comparisons with other people who are apparently in the same situation – you never really know what’s going on behind the scenes.
  3. Move forward with gratitude. Be grateful for failures. Be proud of yourself for taking risks and not living life on the sidelines.

When failure occurs, the easiest thing to do is to give up. But remember that the difficult thing is to start, and you already made it possible. So go forward knowing that you are doing the best you can, and if you learn from your mistakes, you will be better off. That is progress. That is entrepreneurship.

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