Why Failure is An Asset

FAILURE. That dreaded word. We all encounter it during our progress in ambitious pursuit and endeavor. The thought of it makes some crumble, while for others it can be the fuel to many new dreams and visions being realized. For me growing up failure was seen as a setback, something not well welcomed, especially from my culture where ambition and recognition are common place and a non negotiable.

I read an article about Failure and how it could be viewed as an asset. For some it is a novel idea, not a concept very popular among the common. It got me thinking that perhaps there is merit in Failure being an asset. Forget the countless examples of human stories where failure was the base for greater things to come and proof of failure being an asset. Failure can be an asset in many areas of our lives; it’s a matter of what our perception is in each situation and whether we view the result as failure.

How is Failure an asset for me? Let me start with an obvious area: career and business. Failure is an asset in this life area because it has helped me realize over time what are my real strengths and weaknesses, not what others have observed as such. When I have failed, it is on the basis of my OWN expectations and not what others would have perceived as the stated objective. In my career I took certain steps which were risky, some which didn’t work out favorably. Despite the results of my decisions, the lessons I obtained are priceless; each human experience is so valuable that I learnt embracing the failures from my own experiences would make me a better person, learning to have a laser focus for future projects and pursuits.

As I embark on new projects, the thought of failure is seen as a welcome sign. I know with every failure in my progress, there is a smoother path that will help me work with a zest to achieve my dreams quicker. Failure is now seen as a stepping stone; others’ opinions will get drowned during my process, but without any semblance of arrogance and ignorance for other’s opinions. What matters is my perception of the result after each stage I have completed. Failure is now seen as a friend, something that is positive; the quicker I learn from the failures, the closer I am to achieving that which I am striving for.

Failure is also an asset because it has taught me to treat each outcome with equal measure. Success and Defeat are viewed as the Ying and Yang of progress as a human with a spiritual experience. This is a powerful quality that few can embrace and help to keep a person calm during major storms. Failure has also helped me to embrace humility. When I was younger failure was viewed as a deterrent, a deterrent to the great opportunities for success available in the world. It was unacceptable for me; everything had to be success.  Combining humility with equanimity will help me stay focused on the vision I seek.

What about Failure in love? Is it an asset there as well? Setbacks in love teach us much about ourselves; in relationships which have been perceived as failures, we can learn much about ourselves and our spirit. We may not like what we observe, I certainly haven’t in past relationships that ended, but I certainly gained more from each relationship that ended. So the failure of those relationships gave me value.

As the world changes and more and more people are looking for quick success, perhaps we need to some how view Failure as a stepping stone, an asset that will provide durable value. Like a financial asset, initially we may not see many great returns; we think we may have ‘invested’ in the wrong asset. But failure is a VALUE asset, an asset where we need to invest with time and only then will we realize the real return from it.

Embrace Failure. Accept it is as your companion for future success and progression.

 

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Disclaimer: The opinions in this piece are solely those of the author and in no way reflect any person, institution or theory, nor is the author associated with any specific publication or institution. This article is purely for business and informative purposes.