Learning From Online Business Failures

I remember reading a​ book on​ Judo a​ long time ago. it​ advised that to​ be a​ good martial arts practitioner one must learn how to​ fall. it​ made a​ lot of​ sense since if​ a​ person is​ trying to​ learn Judo and doesn't learn to​ minimize one's fall,​ great injury is​ probably bound to​ happen. as​ a​ small online entrepreneur,​ I wasn't aware at​ the​ time that this same wise advice can also apply to​ running your own online business. in​ order to​ be a​ good businessperson,​ you​ have to​ learn how to​ fail.

Failure is​ endemic in​ everything we do. the​ world is​ uncertain and many of​ the​ best laid plans don't always bear fruit. at​ best,​ many of​ them do not bear the​ kind of​ fruit we expected. People should expect disappointments and obstacles since they are part of​ life. However,​ expecting obstacles and being ready to​ learn from them are very different from expecting to​ fail and giving up. the​ ability to​ fail "the right way" goes a​ long way in​ helping us avoid the​ number one enemy of​ success
in the​ real world--quitting. Quitting is​ the​ sure fire way to​ lose at​ anything. you​ have effectively stopped the​ clock. Game over. By learning to​ fail "the right way" we try to​ plant the​ seeds of​ success borne by learning from our failures.

I don't claim to​ be a​ super success in​ what I do but I have learned a​ couple of​ things along the​ way. Hopefully,​ you'll find them useful. the​ best way to​ illustrate failing "the right way" is​ to​ analyze ways to​ fail "the wrong way."

Wrong Way Number One: Take things personally

Many things happen to​ webmasters that are out of​ their control. Servers crash. Traffic fails to​ appear. Old ways of​ making income/generating traffic change. Content delivery/quality gets botched up. Subcontractors flake out. the​ list is​ endless. One of​ the​ worst things a​ webmaster can do is​ to​ take things personally and say to​ themselves "Maybe I'm just not cut out for this." Another variant is​ "Maybe I'm too dumb" or​ "I don't have 'touch' for this." or​ "I don't have the​ connections." or​ "I started too late in​ the​ game." By focusing on​ the​ "I" in​ these silent statements and assessments of​ what has gone wrong,​ webmasters let their disappointments OWN them. Your disappointment does not OWN you--you are more than just a​ website that was laid out or​ promoted wrong. you​ are more than an​ income statement. However,​ by saying the​ negative statements above,​ you​ make your identity indistinguishable from your failure.

A better way to​ state failure is​ to​ take ownership and control of​ them. "I designed my site wrong." or​ "I chose to​ pursue my niche the​ wrong way." Notice the​ difference? the​ "I" in​ these statements are in​ control. if​ you​ decided to​ do something,​ then you​ can decide to​ do something else or​ fine tune that action. the​ "I" in​ this situation is​ in​ a​ position of​ control. This is​ similar in​ operation to​ the​ old saying that "losers" ask 'what happened?' and "winners" MAKE it​ happen. Your perception of​ whether you​ are in​ control goes a​ long way in​ determining your success.

Wrong Way Number Two: Blame someone else

Failure and disappointment are everywhere. That's the​ way it​ has been,​ the​ way it​ is,​ and the​ way it​ will continue to​ be. Many of​ the​ successful people in​ this world didn't hit it​ big with their first try. Many of​ the​ most successful businesspeople in​ the​ world only became a​ success with their second,​ third,​ even thirtieth venture. However,​ they still became successful because they realized that ultimately--THEY were in​ control of​ their own success. Many people choose to​ fail because they blame other people for their failures. This may take the​ form of​ hosting deals gone bad or​ designs that failed to​ produce the​ desired effect. the​ problem with blaming others for failures that beset us is​ that it​ takes US out of​ the​ equation. By being out of​ the​ picture,​ it​ absolves us of​ having to​ take action. This is​ a​ huge problem because it​ breeds personal complacency and just gives us an​ excuse.

Don't get me wrong--there are many instances when,​ rightly,​ others are to​ blame. However,​ when we are feeling so cheated and so defeated by others' mess ups,​ it​ is​ really only up to​ us to​ get up and try again. Partners will steal. People will lie. Government agencies will make adverse rules. That's just part of​ life. However,​ by giving up and just sulking and pointing the​ finger at​ the​ responsible party does not absolve you​ of​ taking action to​ correct your personal situation.

Wrong Way Number Three: Habit vs. Evolution

There's a​ reason people laughed at​ Columbus because he thought the​ world was round. or​ at​ Copernicus because he argued that the​ Earth revolved around the​ Sun. People have a​ mental habit of​ how the​ world and the​ things in​ it​ should be and how they should operate. We all have mental habits. However,​ by failing to​ break past these mental barriers,​ we are only limiting ourselves to​ what is​ possible with what we currently have. if​ conditions change (and they always do),​ we are left only with our assumptions and disappointment. Break your habits. Question why you​ do the​ things you​ do. Question whether you​ are settling for the​ results you​ get. Obviously,​ someone out there is​ generating more results than you. Learn from them. Challenge your personal limits and attitude to​ accommodate what they do.

There are two main types of​ people. on​ the​ one hand,​ there are people that naturally gravitate towards a​ higher level because they are curious and have a​ strong sense of​ possibility/wonder. on​ the​ other,​ there are people that go to​ the​ next level,​ because they are FORCED to. There's no right answer here--you are either one type,​ the​ other,​ or​ a​ mix of​ both. However,​ it's up to​ you​ to​ realize what motivates you​ and to​ break your mental habits so you​ can evolve to​ the​ next level of​ your personal journey to​ greater success.
Learning From Online Business Failures Learning From Online Business Failures Reviewed by Henda Yesti on July 24, 2018 Rating: 5

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