Joshua FraserChief Data Nerd, Data Nerds · CEO at Data Nerds, AI & Data Entrepreneur

Learn from your failures. #entrepreneur

Name: Learn from your failures. #entrepreneur
Uploaded: 2024-12-04T15:00:26+00:00
Duration: 36 s
Channel: Joshua Fraser
Description: Joshua Fraser says 98-99% of business activities fail, but each one teaches you something if you document it. He recommends treating setbacks as lessons…

4 Dec 2024 · 1 min

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Joshua Fraser says 98-99% of business activities fail, but each one teaches you something if you document it. He recommends treating setbacks as lessons to reference later, not dead ends, and points to Carol Dweck's Mindset for a framework to build on that.

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Learn from your failures. I don't even like to call them failures in my business. I just called them lessons. What did we learn when we screwed up? And you need to be able to look at it that way, because business is going to be 98% failures and 2% wins, maybe even 99% failures and 1% wins. So failure is simply the opportunity to begin again, this time more intelligent. Learn from your lessons and failures, Don. Document them, keep track of them, and anytime that you run into a situation, you can go back to them and it's an opportunity to learn and do it better next time. Mindset's a great book on this by Carol Dweck.