Why failing can be good for your career

Why failing can be good for your career


Failure is often considered a sign of weakness or defeat. However, it is also known to be a natural stage in an entrepreneur’s career and a stepping-stone to success in the world of business.

Embracing the failures that arise in your career will help you to pinpoint ideas, strategies, etc, that were not working and learn from these past errors. It is often through analysing what did not work in the past that allows us to evolve and find the right strategy for success in the future.

Facing these challenges also builds life experience and diminishes the fear of failure. If you have failed and picked yourself back up again, what is there left to be afraid of? This idea helps us to build qualities like tenacity and persistence, essential characteristics needed to be a successful entrepreneur.

Consider adopting these ideals should you ever face failure during your career:
– embrace the reality that at some point, whether big or small, you are likely to experience failure;
– failing can help you pause and figure out what went wrong;
– and it can be a natural step on the road to success.

Remember, it is often through making mistakes that new opportunities pop up and take us forward.

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If you believe the matters discussed above are relevant to your business, please contact Darren Smith of our office to discuss further.


Darren is a Chartered Accountant with extensive experience, including working in the big 4 and medium sized firms before becoming a partner of a city based firm in 2000.

He has gained much experience and has extensive knowledge in providing business and taxation advice, superannuation planning, negotiation of sales and acquisitions of businesses and property development. His client base covers a wide range of industry groups.

Darren works with business owners to grow their businesses and create personal wealth within and outside of their business.


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