“Failure is the road you will travel to success. Just be sure to take the correct exit.” – Jack Ma. This quote helps to understand the meaning of failure
It is part of success. It is also an important part of life. All success stories are coming from failure.
We all see the negative site of failing. It is just more than that. Failure are life’s great teacher.
Sometimes it teaches us a lot. Without falling we aren’t able to succeed.
One great person said that “Perfect decisions came from bad experience and bad experience came from failures.”
So, for success, It’s necessary to Fail.
I also failed many times in my life. It completely disturbing my world.
But after that, I realize that It makes me a better person.
We all are humans. We all fail again and again. It is part of the human nature.
The babies first learn to walk. But they fall first. Fall again and again then learn walking then started run and jump.
It’s a process of being successful. Want to know the journey of being successful? Check our blog.
The problem is we don’t have patience. We all need quick success. So, we search shortcuts for success.
But, success does not come from any shortcut. It’s all need smart work and perseverance.
What’s in it for me?
- Failure Meaning
- Types of Failures
- Why Failure is Important
- Example of a Big Failure
- Frequently Asked Questions
According to Wikipedia definition is –
‘It is the state or condition of not meeting a desirable or intended objective and may be viewed as the opposite of success.
Product failure ranges from it to sell the product to fracture of the product, in the worst cases leading to personal injury, the province of forensic engineering.’
In simple words, ‘It is a condition when a person did not complete his objective.’
Example- You willing some things you try best to get it but because of some issues you didn’t get that things are known as loss of fail.
The Real Meaning of failure
Wait wait … “Is it correct definition?”
According to dictionaries YES.
But according to humans maybe NO.
Because we all see the only negative side of failing. We all get upset when we failed in life.
We all considered that we have not the ability to get this. That’s wrong.
One who succeeds in their life knows the true value of it.
Because they also stuck in that but they bounce back and succeed.
They know that fall in life is necessary for success.
It’s painful. Some time life-changing. Hard to suffering from it. But trust me it’s very very important.
‘Success may give confidence to us but failure gives reasons to improve yourself.’
Almost all successful peoples fall many times in their life.
They learn that where I made a mistake, correct it and try.
They do that continuously. And improve self daily. And one day they get what they want?
“I have not failed. I’ve just found 10,000 ways that won’t work.”― Thomas A. Edison.
That all means, when you fail. Just search for another way to go towards your aim.
Types of Failure
1. Failure In Relationships –
We all humans are connected. In 21 century world is getting closer because of social platforms like, Facebook, etc,
Relationships matter the most in our life. Common relations are dad, mom, sister, brother, wife, etc.
Some times because of conditions or our mistakes our relationship turns in a toxic relationship and broke.
The person we loved most go away. Or get the distance in relationships.
This type of failing is hurting us deeply. And it’s difficult to move on.
So, be careful about this type.
2. Failure In Career –
One of the common type is career breakdown.
Everyone on this planet sets an aim. Everyone wants to achieve it.
You may have an aim? Right?
But some of us fail to achieve their aim because of some reason. Like lack of perseverance, lack knowledge, etc,
This type is known as a breakdown or fall in a career.
When does someone asks me what type of failing you face most? Then I will tell career breakdown.
This is also required to improve ourselves.
Mostly at the age of 20, we face this type of loss. We also learn many things from that breakdown.
In this case, we have to learn from our mistakes correct them and move on.
3. Common Failures –
This type of failings is what we face in day to day life. We all are humans. So we make a mistake, this is why we face this type of fall.
We all are not computers so many times we forgot some things.
For example, when I went on holiday I forgot my charger at home. Ohhh! That very hurts to me. That makes my holiday very boring.
Forgetting my charger is not a big deal. But it is important to me.
So it is a fall for me.
This type is known as a common loss. In this case, we simply need to forgive ourselves.
4. Mistakes –
In this case, someone lost something because of his mistakes.
For example, Mr. X had less knowledge about the share market but because of other advice, he invested in the share market.
And he lost him all money.
In that case, he had money but because of less knowledge, he loses his all money.
In this type, someone lost what they have because of his mistakes.
These mistakes can change our life. So, be careful about these.
Learn from it. And do not repeat one mistake.
5. Predicted Failure –
In this type of failing, people can’t find what might happen in the future.
We experience this type of failing many times in our lives.
It all need to how we handle the fall.
Why Failure Is Important?
You and me, we both are humans and humans nature is to make mistakes and fall.
If we fail then and then also we try to improve. It is a symbol of you live your life.
Set the aim-take the risk–try–fail-improve is the perfect way to find who you are?
“I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game-winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.” — Michael Jordan.
Example of a Big Failure
Ask Me Bazaar
Ask me bazaar was digital-listing and e-commerce start-up started in 2012. Up to 2014 they successfully get $ 300 million investment and going on its way to becoming a unicorn.
But, On August 19, Ask me the group decided to shut down and over 4000 employees are left as jobless.
It was India’s one of the biggest start-up failure in history.
There are many reasons for the shut down of Ask me Bazaar as follows,
Burn Rate of Money:
Ask me got a lot of money by funding but they acquire many companies quickly and burn their money in only acquires other companies instead of focus on the main business model.
Top Management Issues:
Ask me bazaar has many issues in its top management.
There is no technical person in their top management team. So technical support Askme was very poor.
Because of this, many customers stopped using Askme. Many vendors stop selling on ask me.
So, all effects on Ask me $ 300 million disaster.
Issue With Customers, Vendors, and Delivery Support:
Every e-commerce company has three main support columns customers, vendors, and delivery support.
Ask me did not focus on exiting customers. So their orders are started to drop.
Ask me did not pay money on time to their vendors and delivery guy. It is becoming the main reason for failing.
These are the main three reasons for the failing of Ask Me Bazaar.
So, what we get it from of Ask me?
Once you succeed it’s not mean you can’t fail. Do mistakes but learn from them and don’t repeat your mistakes.
Well I hope you understand meaning of failure.
We all face loses again and again. That is the rule of living life.
How we handle it is important. One who fails, learn from self mistakes, and bounce back with all the power is the one who becomes successful.
Not only enjoy the success but also enjoy the journey of success is most important. And also Enjoy The journey!
Frequently Asked Questions
It is a part of success. Many peoples said fall means ‘lack of success’.
Personally, I believe that “it is the journey of success”.
A financial loss means you lose your money because of your mistakes or conditions. This loss affects you financially.
Commonly because of the miss-management of money anyone fails financially.
Utter failure means total failure. This means a complete failure.
When a person didn’t achieve his goals or didn’t bring positive impact in life then it considered a failure in life.
Failures make you stronger as well as show your mistakes. Failures help you to grow and achieve your goals, that’s why failure is a good thing.