Fail Fast to succeed faster, sounds too familiar but what does this really mean? What is it to fail? Is it that we associate the term ‘Fail’ when the desired outcome is not achieved? Failure can be in many forms like fear of trying; financial loss or end product is not as it was envisioned. But should that stop one from doing what they really are passionate about?
Failure in life gives so many learnings which are not taught in any school. No amount of planning and precautions gets one ready for facing failures in life. Failures leave one with a lot of resentment, disappointment and losing self-confidence. But on the other side, it also gives you a chance to reflect and learn from the experience of failure. These learnings are going to be stepping stones to success in future.
Fail Fast is not about the big issues but small ones which are encountered while developing the product or while establishing the company. While some ideas might work while some might fail. Ideas which would have worked may not match the expected outcome.
So what do we do when we fail?
Take Time Out
Spend time with yourself. Calm down and then reflect upon the process followed. Introspect.
List it out
Write down every small thing which would have resulted in failure. It might be a fear of changing to something unconventional, research or design or marketing. Reflect. Come up with final list of reasons which might have caused failure
List it out this time as the measures to be taken in future projects
Learn to take failure in stride
Fail the word itself puts us down. It is hard. Accepting the failure makes it easier to try again. This time though you are treading the path cautiously. Also there would be lot of backup plans in place in case of any kind of mishap happens. It does help one to be well prepared to handle failures when they occur and still pave the path of success.
Have a good team of personnel who are not scared of trying new things. Empower them with your vision. As they see you being flexible they too will be ready to adapt and do the required at the moment without hesitation.
Embrace the failure. Learn from the failure and surge ahead. There is nothing more to stop you from succeeding.
— Team SoS