No matter how good or promising your business idea is, there will be times as an entrepreneur that you’ll question whether or not your company will ever be a success. Those overnight, rags-to-riches stories of explosive popularity for a lucky few have permeated our collective startup culture, leading young and inexperienced entrepreneurs to see those stories as a typical trajectory for businesses.
They say that smells evoke the most potent memories – and they do it fast! Everyone knows that feeling.
You’re walking down the street and you turn a corner. A smell hits you out of a restaurant’s open door and you’re seven years old again, right back in your childhood home or wherever your sense-memory takes you.
When you’re feeling overworked, overwhelmed and overextended, as we so often do these days, you may find yourself avoiding certain tasks, putting off a difficult conversation, or maybe even ignoring important priorities.
A few weeks ago I wrote about Why Failure Is The Best Competitive Advantage. We have long been taught to avoid and run from failure but a big part of the future of work is embracing failure because ultimately this is what leads to innovation. The benefits of doing so: increases innovation, improves engagement, removes inefficiencies, and provides valuable learning opportunities. In part one of this post I talked about the “why” and today I want to talk about the “how.” That is, how can organizations go about making failure a powerful competitive advantage. There are a few things companies can do.