When it comes to running a business, many people tend to assume failure is the best teacher, personally i feel experience should be the best teacher, cause when you look at it, failure is also part of your experience. So whatever you go through, it is part of your experience and what makes you who you are at the moment.
Is failure actually the best teacher in business?
- Thread starter eldavis
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Failure sometimes is the best teacher because it helps you to learn from the past mistakes so that you will not make the same mistake but some people fail to observe the mistakes that they made before
Failure is the best teacher, if we want to learn what went wrong from the failure, and try not to repeat it in the future. I often learn from failure, so I consider failure to give experience as the best teacher.
That's right, I agree with you. So we don't need to be afraid of failure, because failure is delayed success. Yes, it's true, delayed success, because it requires us to learn again, before we achieve success.
Though the feeling sucks when failed at something, it is a very good teacher for us. And when we sense we are facing the same we can immediately avoid it. It is better to be safe than sorry again.That's right, I agree with you. So we don't need to be afraid of failure, because failure is delayed success. Yes, it's true, delayed success, because it requires us to learn again, before we achieve success.
That's right, failure sucks. But if we find and realize there is a valuable lesson, then the feeling of resentment will decrease. And we will anticipate that the same failure does not happen again in the future.
It is true that failure is inevitable. But the risks can be anticipated and minimized as much as possible. Example: To avoid the risk of theft of company money, only trusted people may hold the key to the safe. And the accounting person may not hold the key to the safe, so that he does not cheat in making financial reports.
I do not think that failure itself alone is the best teacher. There are many people who fail in the sense that they try different business strategies, however, they never manage to make money at all in the end.
Failure can be a good teacher if the person has a positive mindset and not be discouraged by failure. When facing failure, one should review the causes of failure and learn from mistakes.
This is exactly what I feel about failure. I don't mind failing to understand something because there's a lesson in every failure.
That's right and to avoid risks we need to be smart wise and have a commonsense. We also need to utilize our knowledge on preventions against loses. All your suggestions are potential suggestions for protection.
Yes, that's a bit of knowledge that I learned at school. Because at that time many said "Accounting works to count devil's money" meaning that money has no form. LOL Then explained by my teacher, accounting people should not hold the key to the safe to prevent fraud.
That's right because the accounts know how to manipulate and apply debit credit strategy. They are good at that which is why accountant are hired to reduce the liability of big businesses to escape tax.Yes, that's a bit of knowledge that I learned at school. Because at that time many said "Accounting works to count devil's money" meaning that money has no form. LOL Then explained by my teacher, accounting people should not hold the key to the safe to prevent fraud.