Transcript
Mark Cole (0:08)
Welcome to the Maxwell Leadership Podcast. Our podcast is committed to adding value to leaders who multiply value to others. I'm Mark Cole and I can't wait for you today to listen to what John Maxwell is sharing. John's going to talk about failure and specifically how to get a return on failure. Failure is a normal part of life, but the determination and the inspiration to get a return on your failure is a skill that you must embrace if you want to make it to the top. It was Henry Ford who said, failure is simply the opportunity to begin again, but this time more intelligently. I think Henry Ford, I think he was successful. I think Henry Ford would say, and he has said I failed more than I succeeded. There were more things that didn't work that I tried again. And from that lesson was finding the automobile. That has worked, hasn't it? So if you want to make it to the top, if you want to get more out of your failure, John's going to talk to you. In this episode, John asked the question, what would you attempt if you knew you would get a positive return on the failures you encounter? So as John asked this question at the beginning of his lesson, I'm going to challenge you throughout the lesson to begin to notate what it is that you would do if you knew you would get a positive return. After the lesson today, I'm going to be joined by Tracy Morrow, our co host, and we'll offer you some practical advice, some insight that will help you apply this lesson to your life and leadership. If you'd like to download the free bonus resource, which by the way, still, as I said a few weeks ago, we have started now allowing you to have application questions, insight questions, questions that will draw helpful things out of this lesson as a part of our bonus resource. So go check it out. It will help you. If you would like to watch this podcast podcast episode on YouTube, you can get the bonus resource. You can watch it on YouTube by going to maxwellpodcast.com returnonfailure now grab a pen, grab a paper. Let's go learn how to fail well with John Maxwell.
John Maxwell (2:40)
I'm delighted to come to you today and I'm very excited about what I'm going to share with you because the subject I'm going to talk about I never hear anyone else bring up and I think you'll find it fresh, I think you'll find it helpful. I want to talk to you about how do you receive a return on failure? Again, I've never heard anybody talk about getting a return on failure. I've heard him talk about getting a return on your investment. I've heard him talk about getting a return on time. But a return on failure? I mean, how does that work? Work? So what I would like to do today to give you a return on your failure is I would like to ask you a question, and I'm going to teach you how to make it work today. The question is very simple. What would you attempt if you knew that you would get a positive return on the failures that you encountered? I mean, how many projects would we start if we knew one? We're going to mess up, perhaps. But we're also, when we mess up, we're going to get a positive return out of it. In other words, we're going to turn something that's negative and turn it into a positive, something that was kind of maybe dark and turn it into light. What would happen if we really knew that when we did miss and mess up that we would really get a positive return out of it? Because I'm here to tell you, just like my name is John and I'm your friend, I am here to tell you today this is a fact. You can get a return on your failure. And I'm about to share with you right now how to do it. Okay, number one, if we want to return on our failure, we need to keep success and failure together. Now, as I talk about keeping failure and success together, you have to understand that is not the way that we are brought up. Basically, we are taught that we want to succeed, but we don't want to fail. So we put success clear over here to my right and we put failure clear over here to my left. And we say never, never bring them together. You know, succeed, don't fail. Succeed, don't fail. Well, that's not realistic. Why do I say to you that we need to take success and failure and bring them together? In fact, I can honestly say to you, success and failure belong together. If I'm on a roll and I'm succeeding and I'm doing really well, I need to keep failure close to me so that I consistently have humility within my life. Because when I have failure with success, it helps me to be realistic. It helps me to become humble. And humility is essential because humility helps me to be teachable. And if you're teachable, you're always learning, you're always growing. The moment I'm not teachable, I'm not going to grow and learn. And that's why failure needs to accompany success. It helps me to get To a level of humility, which is the most important quality that a leader can ever possess in their life. But let's say I'm also in a failure spin. I'm just not doing very well. And I'm having a lot more losses than wins, that's for sure. Well, in my failure, I need to keep success right by it. And why is that? Obviously, when I'm not doing very well, if I keep my success close to me and I remember and have hope in my life, that success close to my failure will help me to have resilience. I'll be a resilient person. I'll get back up because I know that I've done well before. So when I put failure with my success, I get humility. When I put success with my failure, I get resiliency. So if you want to return on your failure, keep failure and success together. That's number one. The second thing I would encourage you to do in getting a return on your failure is understand the difference between what I would call good misses and bad misses. When you and I have misses, which we do all the time, we have to ask ourselves, is this a good miss or is this a bad miss? For example, if it's a good miss, even though I didn't quote hit the ball, it moves me forward. That's why I wrote the book failing forward. It's a book about how in your failure, you can still move forward in spite of it. Well, if I'm failing forward, if I'm moving forward in my failure, it's a good miss. Just like a bad miss moves us backwards, it takes me, and now I'm further from my goal than I ever have been before. If I've had a good miss, I make adjustments. I say, wow, okay, I see that now. Well, I'm going to just adjust this area and, and get on with my life. You see, on good misses, I make adjustments, and on bad misses, I make excuses. In fact, let me just say this. It's easier to go from failure to success than it is from excuses to success. So you have to understand, with good misses, we make changes, we make adjustments. With bad misses, we make excuses. So you want to know the difference between a good miss and a bad mission, and you want to obviously be making good misses. So the third way to get a return on your failure is to embrace hard. And it's essential. It's very essential for you. If we're going to get a return on our failure, we have to have a mental attitude that life is difficult. It is not easy. It's going to take longer than we can ever imagine. It's going to be harder than we ever imagined. So we have to embrace hard if we're going to really succeed and get a return on our failure. The moment that I embrace that life is difficult. It's no longer difficult. Why? Because now my expectations and reality are the same. You see, disappointment is the gap between expectation and reality. If I think life is easy and I find out it's difficult, this space in between, that's all disappointment. If I think that I can be successful quickly and it takes me a longer time, there's this gap of disappointment is the gap between expectation and reality. Now, what happens when pressure comes and what happens when difficulties are upon us? What happens when adversity just falls down on us? The tendency for us is for us not to embrace hard but to resist it by just holding on, just standing still, basically saying, I'm not going to do anything. I don't know what's happening, not sure how long it's going to happen. So the tendency for us is to try to hold our position. Now you can't hold your position. We're either going forward or going backward. That is life in itself. If you're going to resist and embrace the fact that life is difficult, you're going to have to swim. We're going to have to swim upstream all the time. There are no shortcuts to success. And by the way, there's no secret either. So if you're going to get there, you got to embrace hard. And you have to understand it's uphill all the way. Now we're learning how to get a return on our failure. We've learned three things already. Let me give you the fourth. If you really want to get a return on your failure, anticipate failure. Anticipation influences preparation. How I anticipate something before me determines how much I prepare today. Now this just begins to be absolute huge. The value of anticipation is that it can get us ready for potential failures. Now, because I anticipate mistakes, failures, losses, Mrs. I made that early decision that I will keep moving, I will keep adjusting, I will keep believing. And that allows me to get the return on failure even when I'm not doing well. That continual moving, adjusting and believing is gonna allow me to maximize the return. Okay, number five. To get a return on failure, I need to develop a process to receive a return on failure. In other words, I have to have a process that I go through that helps me maximize the losses in my life. And by the way, it's a cycle. I call it the success cycle, okay? It's not the success journey. A success journey means I may pass something and never come back to it again. Success cycle means I keep repeating. And there are five things that we just continually do. And this is the key. This is the key to help us get a return on failure. So let me give them to you quickly. First of all, we test. We just test a lot. We try new things all the time. And why do we do that? We're trying to find not only an answer, but we're trying to find a better answer. You see, I believe there's always an answer. And when I find that answer, I believe there's a better answer. We test, we continually pioneer, we continually get out on the edge. The second part of the cycle of success is that we have failures, we have losses. In fact, the more that you test, the more that you'll lose. I mean, if you test 100 times, you'll maybe, I don't know, have 50 losses. If you test only 10 times, you may only have five losses. So the more that you test, the more you have failure. That's just the way. So we test and we fail. The third part of the cycle is that we learn. And the fruit of failure is learning. So when people talk to me, they say, well, you know, I've really not done very well and I've kind of failed. I've come up short. I listen to them, try to listen to them with great empathy. But when they're done, I just have one question to ask you. If you failed a lot, if you had a lot of misses, what did you learn? Because that is the fruit of failure. The result of learning is improving. We get better. Why do we get better? We get better because we found a better way. We found another way. So we test. And with a lot of testing comes some failing. And with all failing, if we have the right attitude, comes learning. And the goal and the purpose of learning is to improve our life. Okay? So if I do it well, then what happens, very simply, is that I keep growing in this experience. I test, I fail, I learn, I improve. And at the improvement part of the cycle of success, once we've improved, we go to the fifth step, which is reenter. We don't reenter until we improve, okay? But the moment we improve, we're back in that game again. And by the way, we're testing failing, learning, improving, reentering, and we keep going. This cycle of success done correctly allows us to get a huge return on our failures, on our losses, on our misses. So I want you to develop, like I shared with you, a process to get a return on your failure. I want you to anticipate failure so that you're prepared for it and have answers before the failure ever comes. I want you to literally embrace hard. Just embrace it. I want you to be sure to understand there's a difference between good misses and bad misses. And I want you to keep failure and success, keep them together. Trust me, they belong together. Every person that's been successful has had a lot of failure. And every person that's had a lot of failures, if they kept their success with them, they got out of that ditch.
