Learning from failure is a very important management principle that people talk about so much these days. It is a good tool no doubt, and I cannot claim that I don’t learn from them as much I can’t claim I don’t fail. So, here is a short list of my lessons from personal failures in whatever little experience I have. I definitely don’t have the breadth of experience to make a long list, so I will keep adding them as I get it.
- Humility is an effective tool only if you have the power. If you don’t and still want to value humility, you are just a sitting duck.
- If you think you are smarter than your boss, just shut up and find a better a job. You will not win the battle in case you decide to go for it.
- If you do something embarrassing, own it, apologize and forget it. But beyond a point, pretend it didn’t happen. This holds true even if you have to live it up all the way.
- Laugh at yourself. It’s much better than others laughing at you. And the chances of no one ever not laughing at you never exists.
These are lessons I learnt the hard way from other’s failures.
- Behavior, intent & values should be consistent and complement one another. Bad behavior and good intent is pardonable. Good behavior but bad intent is a trait of the lesser being, easily identifiable, and not worth in the long run.
- Insecurity breeds only in people who have absolutely no confidence in their skills and knowledge.
- Having the right connections is no substitute for bad results. Even your connections will find ways of moving away if you produce bad results consistently.
- Don’t do anything with money as the primary motivator. There is no way you will make enough money with inflation around.
- But then, don’t pretend you don’t need money and you can survive on air and water. By the way, you need to pay your dues even for water.
- Don’t try to work around people who deal with you honestly. You can never ever get back to them and there are not many people who do deal fairly.
- BSing works in the short-term. Please don’t be apologetic in case you have short-term goals and BS to achieve it.
- Kharma has its way of following you. Good and Bad!!!
So, what are your lessons from failures?