Entrepreneur Explains How The Psychology Of Failure Can Breed Unimaginable Success
“The biggest risk is not taking any risk… In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” -Mark Zuckerberg, Facebook (net worth $73.8 billion).
“Success is a lousy teacher. It seduces people into thinking they can’t lose.” -Bill Gates, Microsoft (net worth $89.9 billion).
“I knew that if I failed, I wouldn’t regret that, but I knew that the one thing I’d regret is not trying.” -Jeff Bezos, Amazon (net worth $93.1 billion).
There’s no shortage of studies out there that conclude that contrary to logic, failures actually streamline future successes because it allows people to overcome the paralysis that accompanies defeat. It’s why the biggest, most successful companies on the planet are not immune to colossal failures. You may remember Facebook’s first mobile app being slow and buggy, with the app crashing constantly. Zuckerberg would later say it was “probably one of the biggest mistakes we’ve ever made.” Now, Facebook has 1.65 billion monthly active users, 54% who only access the service on mobile.