Jul

12

The oppressive blanket of heat and humidity that has been testing the endurance of Manhattanites has finally lifted giving way to an absolutely gorgeous midsummer day.

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While taking a lunch break at Bryant Park, I listened to author Jeff Selingo speak about higher education in the 21st century.  

One of Jeff's key points was that we have to teach young people that it's OK to fail.  

Yes. Most definitely.  And to fail as fast as possible.  

There is a saying in the world of stock trading that "your first loss is your best loss."  This means that the odds are that you are best served by taking a relatively small loss before it becomes an even larger loss or, even worse, a loss that eats up virtually all of your funds.  This loss cutting applies not only to stock trading, but also to your individual endeavors, relationships, and business ventures.

Too often we stick with a failed initiative for too long after we know that it's not going to work.  Or we abandon a failed initiative and take the loss, but we can't stop thinking about the loss, which weakens our ability to be great going forward.

Do original work.  Expect to fail.  And to fail often.  It comes with the territory.  But fail fast.  As fast as possible.  It saves time and energy, and frees you mentally to move forward.  Figure out to the best of your ability what was supposed to be learned from the experience and move on.  It's done.  This is true whether it's an epic failure or a series of micro failures.  Let it go.  The past is over.  

Henry Ford Failure

You are not succeeding or failing.  You are either succeeding or LEARNING.  Banish the concept of failure from your brain and you will find that you are on the path to realizing what you are truly capable of.  

Carpe diem!

Jim Caruso