Reportedly it took the famous inventor Thomas Edison over 1000 tries before he finally perfected his invention, which would be the oight bulb which we all could not live without. When Edison was asked by a reporter how it felt to have failed a massive 1000 times, Edison replied proudly, “I didn’t fail 1,000 times. The light bulb was an invention with 1,000 steps.” Sadly, most of us do not think in this same way because failure feels bad, and we want to avoid it at all costs. However, here at Loop, we believe that failure is not to be taken as a negative, but to be honored as an integral piece of success, and here are some reasons why.
Failure is a Teacher
Making mistakes teaches us lessons, as entrepreneurs and as people. Most of the great business minds of history are risk-takers because they realize that they will learn more from taking a risk and failing, than playing it safe, even if they succeed.
Failure is a Fear Killer
At Loop, we realize that everyone fears failure, to varying degrees, but research has shown that people who accept and learn from failure tend to fear it less. Each time you fail, you realize your own strength more and more, and it becomes easier for you to recover and get back on track.
Failure is a Compass
It’s easy to sit down and pick a destination in life, to write down a goal and decide to work towards it. However, it’s not so easy to know which paths to avoid. Failure tells you that you’re heading the wrong direction, and in doing so, redirects you towards your goal.
At Loop, we don’t see failure as a dose of ‘bad luck’ but as a fantastic opportunity to reevaluate, refuel and head right back into the fray, knowing what won’t work and what to avoid. Because, like Loop always say, nobody successful ever achieved anything, by keeping within the safety of their comfort zones.