(Source: Business Insider)
So often we see great business moguls like Barbara Corcoran and we become fixated on the number of great accomplishments they have amassed. We tally their many wins and put these people into an elite group of winners. We see the incredible success of this real estate mogul and lavish her with praise. No one expects someone to say, “Hey! Did you see that Barbara Cocoraan? What an incredible failure!” However, I have discovered that some of the most notable names are indeed incredible failures–and when they fail, they fail big.
After researching several iconic figures in business and tech, I realized the path to Oz wasn’t as golden as the road seemed. Here are five reasons why I am a proud failure, and you should be one too.
1. Failure determines how serious you are about pursuing your passion.
I was working a corporate job with an awesome title, but was failing at every assignment. I was working crazy hours, making great money, and knew that the position would open doors later in my career. There was only one problem. I hated my job and I hated my boss. My boss pulled me in the office about my performance and it was then when I realized that it wasn’t a career, it was a job.
2. Failure teaches humility.
Failure is often okay, if no one knows you actually failed. It’s in the presence of everybody that your ego is left on the floor as you quietly exit stage right. I remember when I was leading alternative spring break. I was in the middle of one of the largest campaigns of my college career and wouldn’t admit that I was juggling too much. I presented my report only to be informed how utterly disappointing it was in front of my colleagues. My director later pulled me aside and said, “this will not break you.” To this day, I use that example and she is my biggest mentor.
3. Some of the greatest failures can lead to the biggest successes.
I remember being let go because of budget constraints. I worked after hours and before hours, went beyond my role, and built relationships that I thought would be valuable to my role. Yet, out of all the staff, I couldn’t prove why I was valuable enough to be spared. I went into a rut and blamed myself. However, being let go freed me to seize other opportunities. A month later I was appointed to two boards and received a job double in compensation.
4. It forces you to reconcile with yourself.
After going through this revolving cycle of failures, I eventually had to come to terms with myself. I realized that time was steadily moving forward, and I was not. At that moment, I was forced to identify my likes and dislikes, strengths and weaknesses, and accept them. Accepting failure freed me to pursue my passion, and thus, build a company that will help others to pursue their passion.
5. It helps you appreciate success.
After my epiphany, failure didn’t just disappear. I still fail today. The difference is the lesson I take from the failures and the meaning it adds to my successes.
I’m a proud failure. Are you?