The Dreaded F Word

Image by John,  Flickr

Image by John, Flickr

Not many leadership books want to talk about that dreaded "F" word.  No, not that one. We are talking about FAILURE. 

Failure isn't fun nor is it particularly glamorous. It is, however, inevitable if you want to be a great leader.

Leaders Who Have Failed (Before They Succeeded)

1. Colonel Sanders' famous chicken recipe was rejected over 1000 times before a restaurant expressed interest. He didn't open the first KFC until he was 65 years old. 

2. Henry Ford's first two car companies weren't successful and left him financially unstable. He went on to found the Ford Motor Company, the first car company to implement assembly line manufacturing. 

3. Walt Disney was fired from his position as editor because "he lacked imagination and had no original ideas." The Disney empire now generate over $30 billion annually. 

Want to learn how to fail like an effective leader? Download the first chapter of Do Lead for free today. 


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How to Deal With Failure (Yes, It's Inevitable)

There are four key phases when dealing with failure; anticipate, recognize, manage, learn. Because failure is inevitable (and also a key component within the leadership continuum), how you deal with each stage will determine how much success will come to your enterprise. 

Image by Chris Sardegna, Unsplash.com

Image by Chris Sardegna, Unsplash.com

How to Anticipate Failure: 

1. Run a "red team exercise" 

2. Set markers

3. Build enforced accountability

Image by Austin Neill, Unsplash.com

Image by Austin Neill, Unsplash.com

How to Recognize Failure: 

1. Don't cancel accountability meetings

2. Treat data as information

3. Get outside view

Image by Paul Jarvis, Unsplash.com

Image by Paul Jarvis, Unsplash.com

How to Manage Failure:

1. Don't procrastinate

2. Separate yourself from 'it"

3. Apply triage principles

4. Make the decision: fix, finish, scrap

Image by Paul Jarvis, Unsplash.com

Image by Paul Jarvis, Unsplash.com

How to Learn From Failure: 

1. Have constructive postmortems

2. Learn the lessons

3. Move on

Download the first chapter of Do Lead for free today and get started on your leadership journey. 


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Managing Failure

Image by Anders Jildén, Unsplash.com

Image by Anders Jildén, Unsplash.com

We have already established that failing is inevitable. So how are you supposed to deal with an initiative that is so obviously failing? 

Assuming you have already separated yourself from the issue and swiftly diagnosed the extent of the failure, there are three options available: 

1. Fix it,

2. Finish it,

or

3. Scrap it

Need help figuring out which one you should do? Download the first chapter of Do Lead for free today. 


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Leadership is a Continuum

Image by Vladimir Kramer, Unsplash.com

Image by Vladimir Kramer, Unsplash.com

All great leaders know that failure is part of the leadership continuum. Not only do leaders anticipate failure, they know when it's happening, know how to manage others when it does, and learn from it once it's passed. 

Failure is an integral part of your leadership journey. Download the first chapter of Do Lead for free and get started leading today.


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