Summary
I've met many rich and famous founders, and they all have a unique quality in common: they obsess about their failures.
You might wonder why successful people like Mark Zuckerberg, Bill Gates, and Elon Musk focus on their failures. It’s because they want to learn from each mistake.
Each failure is a chance to learn something new. By understanding why something didn't work, you can avoid making the same mistake again.
Even though they learn from past failures, it doesn’t mean they won’t fail in the future. But next time, it’ll be for a different reason.
By learning from every failure, they improve their chances of success. It’s like peeling away the layers of mistakes until they finally succeed.
Video
How To Take Action
I would suggest making a habit of reflecting on any setbacks you encounter. Every time something doesn't go as planned, take a moment to jot down what happened and why. This way, you're documenting each experience and can spot patterns or common themes. This exercise boosts learning while keeping costs low, only requiring time and introspection.
A good way of doing this is by setting aside a specific time at the end of each week to review what didn’t work. During this time, identify one thing you can do differently next time. This regular practice helps you improve bit by bit and prevents repeating the same mistakes.
Another strategy is to talk about your challenges with trusted colleagues or friends. This can help you see things from different angles, possibly identifying solutions you hadn't thought of. Try to make these chats a regular part of your routine, like a coffee talk or an online meet-up, which doesn't need to cost anything.
Lastly, remember that failure is part of the journey to success. Like peeling an onion, each removed layer of mistakes gets you closer to success. Build resilience by adjusting your mindset to view failures as stepping stones rather than setbacks. Keep pushing forward, knowing each failure makes future successes that much sweeter.
Full Transcript
I've met some of the richest most well-known Founders in the world and they all have the same quality the single most common trait is that they obsess about their failure and you're probably thinking why would a successful person obsess about their failures well all successful people have them Mark Zuckerberg Bill Gates Elon Musk how many Rockets did it take for Elon to actually get one into space the reason they obsess about their failures is they want to learn why they failed each and every single time so they can make sure they avoid that the next time so that way they're not in the same situation it doesn't mean that they won't fail in the future it just means they'll usually fail in the future for a different reason and eventually they'll succeed because they wiped off all their failures
