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Why Failure In Business Is The Best Thing That Will Ever Happen To You

Why Failure In Business Is The Best Thing That Will Ever Happen To You

Failure In Business: It’s A Good Thing

Failure in Business - Fail Fest Fishers IN

Failure in business sucks. There’s no two ways about it. We’ve all experienced failure… a time when we have fallen down flat on our faces. It hurts and it can even cause us to give up.

But failure is only the first half of the story. Heaps of fictional books tell start with stories of protagonists who majorly screw up. But if the book ended after the mistake, no one would enjoy reading very much. And what about flying machines? Practically every one ever built failed… until it didn’t. Now, flying is a widely available means of public transportation. The truth is that failure in business is actually a GOOD thing,  especially in business.

Now, normally, when you use “business” and “failure” in the same sentence, people tend to cringe. Who can blame them? We all remember what the economy was like five years ago. But what if we told you that success would literally NOT BE POSSIBLE without failure?

Famous Failures

Failure in business is one of the greatest teachers. Everyone who ever amounted to anything can tell you stories about their low points. Here are just a few:
  • In his entire life, Vincent Van Gogh only sold one painting.
  • Harrison Ford was told he would never succeed in having a career on the silver screen.
  • Walt Disney was fired from his job at a newspaper because he “lacked imagination”.
  • Fred Astaire was told by an executive that he couldn’t sing, couldn’t act, and could only dance a little.
  • Vera Wang didn’t make the cut for the U.S. Olympic figure skating team.
  • The University of Southern California Cinematic Arts rejected Stephen Spielberg’s application for enrollment… more than once.
  • Prior to publishing her first book, J.K. Rowling was a single mom on welfare.
  • Dr. Seuss’s first book was rejected by 27 different publishers.
You can see a pattern. All of these people went on to have great careers, some of them even leaving behind legacies. But don’t get the idea that one big failure in business is all you are going to face in your business. Abraham Lincoln’s political career was fraught with failures. If we are keeping score, he probably had more failures than successes… but no one remembers him that way, because he kept pushing forward. He knew that failure was really only the first part of the story.

Celebrate Failure In Business

Fail-Fest-Full-ColorIt’s time to start celebrating our failure in business. That’s why a group of entrepreneurs in Fishers, Indiana decided to host Fail Fest, a day- long conference that is dedicated to failure in business. Come join us in celebrating failure in business as one of the key first steps to success. You can register for Fail Fest here. (Like the Fail Fest’s logo? It was designed by the team at Iconic Digital Marketing!)
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Carolyn Byard

Carolyn is Iconic's art director and office dog handler. She strives to build unicorns, and she is completely obsessed with the fusion of beautiful design with strong strategy for unforgettable user interfaces.