{"id":10462,"date":"2017-09-15T08:00:45","date_gmt":"2017-09-15T15:00:45","guid":{"rendered":"https:\/\/honeybook.site.strattic.io\/?p=10462"},"modified":"2022-09-21T01:14:03","modified_gmt":"2022-09-21T08:14:03","slug":"embrace-failure","status":"publish","type":"post","link":"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/embrace-failure","title":{"rendered":"How to Embrace Failure to Become a Better Risk Taker"},"content":{"rendered":"
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We\u2019ve been trained since we were toddlers to believe that failing is bad. That it means you\u2019ll be singled out as a subpar excuse for a human being incapable of achievement. We barely ever read about failure or see failure, yet we know it happens every day. Statistically, companies fail eight times more often than they succeed.  It’s time we learn to view entrepreneurship as a way to embrace failure.<\/p>\n

It is no surprise then that risk taking, despite being pretty much a synonym of entrepreneurship, is a source of anxiety and stress due to the high perceived risk of failure. Risk taking as a creative is even more intimidating, because if you fail, you can take down your entire business, and sometimes family and employees depend on you.<\/p>\n

So you either get stuck on a never ending cycle of thinking and re-thinking an idea, since that seems a lot safer than pulling the trigger, or you pull the trigger before you are ready to embrace failure.<\/p>\n

The problem with the first approach is that if you never try, you never win, and someone wise on the internet once said \u201cyou miss 100% of the shots you don\u2019t take\u201d. The problem with the second approach is that you\u2019re missing out on an entrepreneurial super-strength and competitive advantage.<\/p>\n

\"Learning<\/p>\n

Here are three ways embracing failure will make you a better risk taker:<\/p>\n

1. You\u2019ll be better prepared for the future<\/h3>\n

Embracing the possibility of failure lets you prepare financially, psychologically and socially in case your idea doesn\u2019t work out. Google \u201chow to start a creative business<\/a>\u201d and most guides will suggest that before diving in, you have savings to cover up to 6 months of living in case you\u2019re not profitable or it doesn\u2019t work out.<\/p>\n

2. You\u2019ll learn and iterate faster<\/h3>\n

When you celebrate your failures<\/a>, you get less attached to the idea of being successful and are able to look at your results in a more objective light, iterating faster when necessary, instead of avoiding admitting failure at all costs and wasting time and money on an idea that wasn\u2019t going anywhere.<\/p>\n

3. You\u2019ll start dreaming big<\/h3>\n

Fear of failure leads to creative paralysis<\/a>, and as a creative entrepreneur, that is a much more serious issue. The truth is, if you\u2019re not at risk of failure, you\u2019re not working on something worthwhile. The most brilliant entrepreneurial minds I\u2019ve met\/read\/seen, not only own their failures, but carry them like a badge with pride. Embracing failure gives you permission to chase the impossible.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Creativity and innovation guru, Joseph Chilton Pearce<\/a> said that \u201cto live a creative life, we must lose our fear of being wrong\u201d. Real fears (a bear standing two feet away ready to attack) keep you safe. Fear of failure keeps you too safe, away from amazing opportunities to build the life you want. When you embrace failure, it will prepare you to take risks confidently. You\u2019ll be empowered to think bigger, learn faster, and take action to become the creative entrepreneur you\u2019re meant to be.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

We\u2019ve been trained since we were toddlers to believe that failing is bad. That it means you\u2019ll be singled out as a subpar excuse for a human being incapable of achievement. We barely ever read about failure or see failure, yet we know it happens every day. Statistically, companies fail eight times more often than […]<\/p>\n","protected":false},"author":225,"featured_media":10555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[36],"tags":[74,151],"class_list":["post-10462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-work-life-balance","tag-honeybook","tag-inspiration"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2017\/09\/AdventurePhotoStories_@adventurephotostories5.jpg",2048,1365,false],"thumbnail":["https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2017\/09\/AdventurePhotoStories_@adventurephotostories5-150x150.jpg",150,150,true],"medium":["https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2017\/09\/AdventurePhotoStories_@adventurephotostories5-300x200.jpg",300,200,true],"medium_large":["https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2017\/09\/AdventurePhotoStories_@adventurephotostories5-768x512.jpg",768,512,true],"large":["https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2017\/09\/AdventurePhotoStories_@adventurephotostories5-1024x683.jpg",1024,683,true],"1536x1536":["https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2017\/09\/AdventurePhotoStories_@adventurephotostories5-1536x1024.jpg",1536,1024,true],"2048x2048":["https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2017\/09\/AdventurePhotoStories_@adventurephotostories5.jpg",2048,1365,false]},"post_excerpt_stackable_v2":"

We\u2019ve been trained since we were toddlers to believe that failing is bad. That it means you\u2019ll be singled out as a subpar excuse for a human being incapable of achievement. We barely ever read about failure or see failure, yet we know it happens every day. Statistically, companies fail eight times more often than they succeed.  It’s time we learn to view entrepreneurship as a way to embrace failure. It is no surprise then that risk taking, despite being pretty much a synonym of entrepreneurship, is a source of anxiety and stress due to the high perceived risk of…<\/p>\n","category_list_v2":"Work-life balance<\/a>","author_info_v2":{"name":"Sobrina Pies","url":"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/author\/sobrinapies"},"comments_num_v2":"0 comments","yoast_head":"\nEmbrace Failure to Become a Better Risk Taker | HoneyBook<\/title>\n<meta name=\"description\" content=\"The fear of failing can often hold us back from taking risks. 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