Fail Fast, Fail Often, Fail Cheap

Be willing to make mistakes and learn from them. Look at failures as lessons that help you move forward. No particular mistake or failure should be the end of the process. The only decision that you might make that ends the process is the one to quit. Consider mistakes as a cost of growing. Claim your return on that investment by learning from each stumble.

Unfortunately the schools have taught us to avoid failure. The emphasis is on obtaining high marks instead of the learning process. Instead we need to seek success and be prepared to manage the failures.

We tend to learn more from our failures than our successes so if you want to learn faster – fail more often. If you haven’t failed in recent memory then it might mean that you are playing it too safe. For example, if no one ever complains that your price is too high, then it’s too low.

Fail cheap. Don’t bet the farm, because you could lose. Always consider the downside of every venture. Do what you can to diminish the pain.

Thanks to Jim Estill for this powerful advice. I’ve heard him say it often and every time it resonates with me.

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This is part of the Top 10 Tips to Make 2012 a More Productive and Profitable Year as originally broadcast on the radio show Business in Motion on 93.3 CFMU by your host, George Torok. To listen to the 30 minute radio show, visit the Business in Motion podcasts.

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2 Responses to Fail Fast, Fail Often, Fail Cheap

  1. transform your results…

    […]Fail Fast, Fail Often, Fail Cheap « Motivational Speaker: George Torok[…]…

  2. John Criqui says:

    Hi George, The “Fail” saying appears in a number places and areas. Are you responsible for coining this saying or do you have any idea of the original source?

    Thanks, John

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