B046: How to Fail Fast & Learn Faster (as a Core Value)
Publisher |
Mary Baird
Media Type |
audio
Categories Via RSS |
Business
Entrepreneurship
Management
Publication Date |
Jan 25, 2019
Episode Duration |
00:07:13

Over the course of January, we’ve taken a look at the core values of The Simplifiers one by one, breaking them down for you in our Friday bonus episodes, so you can understand what we believe in and why... and how you can incorporate the practice of core values in to your small business this year.

The final core value I want to shine a spotlight on is…

Fail fast…

Learn faster. And that simple principle means this. Don’t be afraid to make mistakes. It’s a natural part of the process and fear of mucking it all up shouldn’t cloud your judgment.

As a business owner or freelancer, I can almost guarantee you’ll make quite a few mistakes along the way. Sometimes it’s because you don’t know what you don’t know. And that means you’ve got to have the courage and tenacity to boldly take a step forward, try something new, make mistakes and learn from them always, in order to become the best.

Let’s face it… not everyone is built to be an entrepreneur. To strike out on their own, build a business, be their own boss, make something out of nothing.

It requires a skill-set of persistence, spark and grit to keep going. It also requires a bit of playfulness; like a kid with a chemistry set, mixing new concoctions, trying different experiments, analyzing the results and ultimately, learning from your blunders.

So when I say “fail fast, learn faster” it’s all about having the right mindset as a leader.

Here are the 4 simple steps:

  1. Make an educated hypothesis (say, with a sales campaign, or making a market prediction on future trends in your industry)
  2. Take calculated risks
  3. Measure results
  4. Pivot, refine and try, try, try again!

Whatever you do, don’t be afraid to fail.

Don’t be afraid to put yourself out there.

To go after the big, big jobs.

To raise your prices alongside raising your game.

Don’t worry about being perfect or holding back on releasing your new products or services out into the world until you’ve got all the pieces in place.

Just #Dothething and learn from your mistakes fast.

And then, pick yourself up off the floor and do it again. But this time - better.

Show notes available with all LINKS mentioned here: https://thesimplifiers.com/podcast/fail-fast-learn-faster/

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