Skip to main content

Why is failure an important lesson in an entreprenurs leadership journey

Being a leader is undisputedly the toughest job possible. It is a job where you are answerable to not one but each and every person working under you. It may sound alluring at first, handling a bunch of people, making them work, ordering people around, making the big decisions, and being in power. But there goes a very famous saying, ‘With great power comes great responsibilities’.
Sounds familiar?
The pleasant thought of bossing everyone around can diminish into a sour feeling once you realize the number of duties, roles, and tasks associated with being a leader. And hence, not everyone can be a leader.
So, Who exactly is a leader?
A leader is one who is not afraid of taking charge. One who is liable and shows perseverance. A person who is not afraid of taking risks understands the meaning of power and can communicate effectively.
One who knows how to convey his thoughts and be a good listener at the same time. One who knows how to take criticism in a positive way. One who is ready to learn even from his peers and juniors. One who can take control, and dominate but can take suggestions and work in a team as well.
Being a leader is an art which calls for utmost dedication, strong willpower, and high confidence. A leader is never afraid of accepting his mistakes. He knows how to accept his faults as well as how to correct them. He believes in innovation and is never afraid to fail.
As Steve Jobs one said, ‘Innovation distinguishes between a leader and a follower.’
There are two types of person, one who gives up and one who gives up on giving up. The latter category forms what we know as leaders, and the former category is what we know as followers.
Why is failure important?
Failure is important, possibly more important than success. For one, it teaches you the importance, the meaning of success. Secondly, it helps you learn.
When you experience a glimpse of victory, you ignore the small mistakes, but when you taste the bitter flavor of failure, you either give up (the followers) or you stop, think and analyze as to what went wrong (the leaders).
Failure holds a very little or rather no importance to the giving up type but it holds a very important message for the latter ones. It makes them analyze every single step, no matter how small or big. It teaches them what success can never do.
So, How can you connect Entrepreneurs with leaders and failure?
Successful entrepreneurs are great leaders. Be it Steve Jobs, or Larry Page, be it Walt Disney or Bill Gates. They all had one thing in common. They were(are) great leaders.
And there is one more thing they had in common. That is, they were not afraid of taking risks, neither were they afraid of failure. With each failure, you get a new experience, a new learning, a new mantra to success, a new method to fight the possible challenges. It is with failure that you get to know all the flaws, all the pros, and the cons.
Entrepreneurs can never be successful until and unless they learn to deal with failures. They can never grow until they start being what they call ‘KhatronkeKhiladi’. Doing something and losing gives you an adventure to tell about and a memory to cherish. I read once, that few dreams are necessary to be broken in order to make the bigger dreams a reality.
As Steve Jobs also once said, ‘I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.’
I can not only conclude from this that Steve Jobs was a great entrepreneur and a great inspiration but also that the entrepreneurs should get familiar with words like mistakes, flaws, and failure. It helps you acquire a deep understanding of your effort. It helps you acknowledge the true meaning of being an entrepreneur.
You may fail, and you should (being an entrepreneur is very much synonymous to failing) but rather than getting demoralized you should become more insistent of achieving the unachievable.
This article has been contributed by Himanshu Jain, CEO, LegalRaasta- an online portal for GST softwareGST Return FilingGST Registration, Section 8 Company RegistrationNidhi company registrationIEC RegistrationFssai License.

Comments

Popular posts from this blog

5 Tips to Help Your Startup Operate Smoothly from Day 1

To pass the different stages of building a startup, you need not climb the treacherous mountains but pass through the valleys paved by others. Starting your own venture can be a quite daunting task. The can be like hurtling down a potholed road with the ups and downs and the unpredictability that takes extra efforts to overcome. It is good to heed the advice of the experienced people. It is always advised to take away from experiences of a person who has gone through the potholed road. To be an entrepreneur in competitive times like these can be a daunting and a demanding task. You need to give in all you have with zero complaints. The following are the best ways to get through the startup transition on day 1: 1. Keep your heart full, your mind clear and your body active You need to keep yourself well through the transition process. It’s good to take some time out for yourself. Do some physical activity, read in your free time and learn every time. You need to understand that...

The marketing power of rewards problems

A rewards program can however help one to build customer loyalty, deepen the engagement and also serve as a marketing benefit one can tout in order to attract the new customers. Thus the article below gives a closer look as to how the business can thus leverage the consumer interest in the rewards, along with the best practices which one can adapt from the major brands’ most successful loyalty programs. The reasons are as follows: 1. Lead with a strong offer. Customers may however be willing in order to sign up for the rewards program, but it’s thus important in order to know that their membership thus doesn’t equate to loyalty. In fact, just 13 percent of the customers are however complete loyalists who thus never shop around. The rewards program should always be appealing enough to in order to entice the customers to want to sign up — and then use it repeatedly. One must consider as to how the rewards program could be structured in order to reward the customers when they thus agree ...

Trends that will rule India's ecosystem in 2017

Although 2016 ahd however ended as a bonanza year for the fintech startups due to demonetization, 2017 so far it is however looking rather mixed. In 2017, the readers can however expect a consolidation which is required to be the underlying theme in the India’s startup ecosystem, with the country’s capital operators that will be continuing to realign their portfolios and also search for the exits. The purpose of this article is to make the reader aware of the 5 trends that will rule India’s startup ecosystem in 2017. The following are the 5 trends : 1. Continuity in the growth of SaaS One of the areas in which the investors will however continue in order to back is the players who are operating in the software-as-a-service (SaaS) industry. As it is however opposed to the horizontal SaaS – software technology which could however be used across the different industry domains, vertical SaaS thus caters to a specific vertical, like the hospitality or either retail. In order to fulfill the...