The Value of Failure

Steve Jobs gave up control of Apple and got fired.

Bill Gates bundled Internet Explorer browser with Windows 95 but failed to see the importance of search engines.  Google did.

Walt Disney’s first animation company went bankrupt.  And the man who coined the term Imagineering at Disney was fired as a news editor because – believe it or not – he lacked imagination

Vincent Van Gogh sold only one painting in his entire life.  His most expensive painting now sells for around $150 million.

The Beatles were told by their record label that “guitar groups are on the way out” and that the Beatles had no future in show business. 

Thomas Edison invented the light bulb but not after thousands of failures.  That’s right, thousands!  Edison eventually said, “If I find 10,000 ways something won’t work, I haven’t failed. I am not discouraged, because every wrong attempt discarded is another step forward”.

Here’s basketball great Michael Jordan: “I have missed more than 9,000 shots in my career. I have lost almost 300 games. On 26 occasions I have been entrusted to take the game winning shot, and I missed. I have failed over and over and over again in my life. And that is why I succeed.”

The proven formula for success is failure.

Starting today, encourage yourself, your loved ones and your associates to embrace failure as a necessary part of future success.

Don’t dread it.

Welcome it.

Failure is not permanent until you stop trying.

Success is your reward for persistence.

Help spread the positive word.  Forward this thought to a friend and I’ll keep them coming.

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Comment on The Value of Failure


You're welcome.  It really was a great motivational reminder.  I'm looking for the next big thing after Merlin and that was much needed.  Thanks!


Great motivator!  Just a clarification.  The Beatles weren't told that "Guitar groups were on the way out" by their record label, it was actually Decca Records, a label they had just auditioned for that passed on them.  (They would later sign The Rolling Stones as to not miss out on the "guitar group" trend.)  And it was told to their manager Brian Epstein.  The real "Your reward for success is persistence" in The Beatles' example is that the label they DID sign with, Parlophone, was the just about the only record label in England that hadn't yet said no to them.


TY for the kick in the pants!