I’m pretty sure I learned this little tidbit when I was involved with Quixtar, but it’s a pretty simple principle.
Most people who try something and then experience failure just give up and quit. That’s the wrong approach. After you experience a failure you need to simply readjust what you are doing and try it again. If you fail again, ADJUST WHAT YOU ARE DOING AGAIN. Keep doing this until you succeed.
I’ve failed in business a couple of times. Most recently I tried to start an IT company with a friend. I very quickly learned that two heads is a monster, especially when you both have different ideas about the direction the company should go. The whole thing turned out to be a big waste of nearly 3 months. Complete failure.
Did I give up and go looking for a job? NO! I adjusted my plan for business, this time, minus the business partner. New name, new plan, new strategy, and now I’m 3 months into a successful web development company.
The simple point here is if you fail, get up and brush the dust off your feet. Take a look at what you did wrong, learn from it. Adjust your plan and try again. If you fail, adjust and try again until you end up with this formula Try = Success!