Failure: Do you stop or try again?

A friend of mine here in Denver was telling me a story about how when he was in his early 20s he put $10,000 of his savings with an investment broker. A short time later, he lost all the money. The broker did not invest it correctly and took a big commission.

This left my friend super pissed off. I mean I would be too. He then decided that he would not invest his money again and just keep it in savings. But this is the part of the story that is super important. Own up to your failure and try not to let it create resistance from other opportunities to invest. Just because you lost with one broker does not mean that all brokers are like this or all money investments will turn out this way. This is also the part of failure where our ego can take control and it does not do us any good to be in ego here.

Failure can either stop you on your journey or you can keep moving forward and use it as a learning experience. You can look at it as an opportunity to understand what went wrong and how can you grow / improve in the future. Because that is all we are really here today. To create a better tomorrow than today and to grow personally.

I see this same pattern all the time with new entrepreneurs. They will put $10,000 of their savings into an idea and the business does not work out as planned and they will stop. But just because it did not return the value that you put in, in the time you wanted it to, does not mean it is never going to work.

If you always stop when you fail or when things get hard – you may never reach your end goal.

Tiff Willson

Tiff Willson is a technology entrepreneur, investor and keynote speaker. Today she is the founder of the #1 platform for sustainable interior design www.roomhints.com