Failure - the other formula which couldn't reach destination.
We all experienced failure in our life, even till date we do. In various steps & stages of life. Some of us can overcome setback and thrive. But some get stuck on the same situation. Actually their mindset gets too downbeat. They start to think like undone. Lack of confidence, enthusiasm, learning and self affirmation make them so morally low that they don't even try to understand any suggestion which might be handful for them. As a coach or mentor I believe there is always a better tomorrow & that too for all. So, if a person is demoralized due to repeated failure and gradually becoming frustrated, I should tell him the other side of the story. I've to make him/her understand that life doesn't stop with stagnant decisions. So, to cope with the speed of life one must continue "learning-trial-mistakes-learning-trial" cycle. But first of all he/she has to understand the statement of life, the purpose of existence and most importantly life has one finite thing, rest is all infinite. So, there should be no specific ultimatum for any up gradation. Be it personal, professional or spiritual.
A person who failed several times is the same person who never gave up after failure. He tried again and failed for some reason but the most important thing is he tried .
So, the person himself is a big inspiration to others.
Few months back I met a client who tried to start new business five times. Unfortunately he failed for the first four trial. He lost some money also in that process. Then he started taking suggestions from various persons. He met a lot of professionals to get some idea about business world. He came to me also.
I suggested him to focus on his interest area. He's a sports lover. He himself played cricket in district level. He has good connection with field personnel. Still he started ready made garment business and failed. This is how we conversed.
Me: Hi, how's life?
He : Hello. It's almost hell.
Me: Shit!! Why so??
He : I'm drowning in debt. My business is a flop.
Me : Why? Did you experienced loss??
He : Quantum.
Me : Oh no! What went wrong as per you?
He : I miscalculated on purchasing. Rate was premium and style got obsolete. Now I'm stuck with heaps of stock. Can't clear due to high rate and backdated design.
Me: Well, take few minutes and decide what's best to do now.
After some moments he replied that he want to quit this business.
I realized his level of frustration. He was morally so down and unconfirmed about outcome, he was not even in position to concentrate on his future. Then I started,
“Look, you're a brave man coz you tried something on your own. You experienced loss due to lack of business tricks but your effort was honest. Now if you shut down your biz, all investments will go in vein. Better to monitor it in other way. Have some time, get connected with traders of garments and hand over the stock with 50% reduced value. You'll be loosing either. But you'll be able to eliminate your tension and depression. Think deeply what you love to do the most. What's your comfort area. If you're planning for job, can you afford to stay idle until you get an engagement!! If yes, then you're almost done. If no, then start working on your areas in which you've command over products and a ready client base. I believe you can't afford further financial loss.” I paused.
He told, “ I was a cricket lover and player some years back. I'm planning for sports goods business. This is where I have a lot of familiar faces. I'll discuss details with them. Do you think it as a correct decision?”
Mr : Look, we can't predict future. We simply can work hard to make a good fortune. So far your case is concerned, you can do whatever you feel right. You've good potential as well as bitter experiences also. Still you've a steel backbone, you're trying something ethical but new. Just make some better homework. Hope this time you'll have different scenario on your hand. Don't get nervous, don't be shy to ask help. Knowledge is something that can be benificial for you always. Go, arrange all proceedings and start a new beginning.
After almost six months, I met him few days back. He looked very much confident, jolly and happy. He told me that he got only 40% value of his stocks and compromised on that. Repaid bank dues and took another loan and started sports goods trading. Now he's enjoying dealing with players and kids. Sometimes he also gets engaged in playing with kids. His plan is to forfeit the loan and spread the business.
I felt happy for him. He could realize practicalities and activated his learning zeal.
That's how it happened. Success is a journey. Failure is a part of that journey. Face the failure with open chest and learn from it. Don't fall to quit , fall to rise again. That's life all about.