I heard it from Steve Harvey first and then the message repeated. Most investors won’t buy into your business until you have at least failed twice. They want to know that you’ve had your falls and sloppy mistakes before they invest in you.
Currently I’m reading the ‘Happiness Advantage’ by Shawn Achor and there is an entire chapter dedicated to this same philosophy. There is factual evidence that in down economies and financial disasters that there within lies an opportunity! An opportunity to grow, change, and then prosper if one can look beyond the illusion and see what he calls – the 3rd path. Most of us in tough times choose the default path that leaves us helpless and discouraged. This is the path that in the midst of chaos appears to make the most sense, but in actuality moves us in the opposite direction. Finding this 3rd path, is not the easiest, but if you at least begin looking for it, your chances of success are greatly increased.
I for one am starting my own business and the idea of failing being an asset is quite liberating. It takes the pressure off trying to get it right the first time, especially when you are axing your way through uncharted territory. Nobody said we have to be perfect, but we might as well go after our dreams even if we might fail. There appears to be a much greater reward on the other side.