Embracing Failure Upside
Gabriel Fagade, CMRP, MNSE
Maintenance Management || Operations Excellence || Maintenance Advisory || Coaching|| Experienced Engineer || Maintenance Strategy|| Asset Management
Your biggest failure has the biggest upside, but only if you stay in the game - Barbara Corcoran
No matter how you think about it, many successful people have shown us that their biggest failures set them on a new trajectory that eventually led to their success. The secret and most difficult challenge is staying the course.
Take, for example, Justin, a maintenance supervisor at a large Oil and Gas company. Early in his career, Justin faced a major setback when a critical piece of equipment failed under his watch, causing significant downtime and financial loss.
The failure resulted in a production halt that cost the company $500,000 in lost revenue and repair expenses. It was a tough blow, and Justin felt like giving up. However, he decided to stay the course. He analyzed what went wrong, sought advice from more experienced colleagues, and implemented new maintenance protocols.
Over time, his efforts paid off. The company's equipment reliability improved, reducing downtime by 40% and saving the company $1.2 million annually. Additionally, the new protocols increased overall operational efficiency by 25%, leading to an extra $800,000 in annual revenue.
Justin's proactive approach also reduced maintenance costs by 30%, saving another $300,000 each year. His biggest failure turned into a steppingstone for his career growth, and he was promoted to a senior management position.
No one can say it better. You must determine to stay the course if you truly want to win. As long as you have life, you cannot afford to give up. Keep trying your best, and one day, you'll be surprised.
"Success is not final, failure is not fatal: It is the courage to continue that counts." - Winston Churchill
Stay determined and keep pushing forward!
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Construction/Facilities & Maintenance Mgt.
1 周Masterpiece
Maintenance Management || Operations Excellence || Maintenance Advisory || Coaching|| Experienced Engineer || Maintenance Strategy|| Asset Management
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Maintenance Management || Operations Excellence || Maintenance Advisory || Coaching|| Experienced Engineer || Maintenance Strategy|| Asset Management
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Aspiring Maintenance and Reliability Engineer | Aspiring Power-Plant Engineer |Mechanical Engineering Graduate | Energy Enthusiast | SMSPE, MIAENG
1 周Great advice
Graduate Mechanical Engineer || Maintenance Engineer || Data Scientist and Analyst
1 周Thanks for sharing. I personally believe failure sometimes pushes us to our best possible self. We hate to fail but we must learn to channel it to push it to be better?