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Business Unplugged™
This blog features Carol Roth's tough love on business and entrepreneurship, as well as insights from Carol's community of contributors.

Failure Isn’t an Endpoint. It’s a Pivot Point.

Written By: Catherine Morgan | Comments Off on Failure Isn’t an Endpoint. It’s a Pivot Point.

time to pivotCarol is a guest judge for the season on the new TBS show, “America’s Greatest Makers” – and the show’s premiere is TONIGHT at 9:00 p.m. Eastern/Pacific.

Her recent post on entrepreneur.com is about what we can learn from the show. In “What Entrepreneurs Can Learn From the New TBS Show, ‘America’s Greatest Makers‘” Carol shares six key takeaways from the first season. She begins:

“I have the privilege of being a judge on Mark Burnett and Intel Corporation’s new technology reality competition show, America’s Greatest Makers, currently airing Tuesday nights at 9 p.m. EST/PST on TBS Network. As I spent time with these amazing makers — people who see problems and work relentlessly to make a solution for them — I saw some very valuable characteristics that every entrepreneur could learn from.

1. Failure isn’t an endpoint. It’s a pivot point.

Thomas Edison, arguably one of the most successful inventors of all time, has been quoted as saying, “I have not failed 10,000 times. I have not failed once. I have succeeded in proving that those 10,000 ways will not work. When I have eliminated the ways that will not work, I will find the way that will work.”

The best makers in the country live by this mantra. Failure doesn’t keep you from success — it just changes the path that you need to take. This is a critical mindset for entrepreneurs who encounter roadblocks in all aspect of business, from raising capital to marketing to even technology.

If you want to be successful, embrace failure. Fail quickly, fail cheaply, never fail the same way twice and keep moving forward.”

There are some great points in this post, and you can read the rest here.

Article written by
Catherine Morgan is the founder of Point A to Point B Transitions Inc., a virtual provider of coaching services to individuals who are in business or career transition. She specializes in helping entrepreneurs transition to corporate jobs they love. Catherine is the author of the eBook Re-Launch You: Discovering Your Point B and Embracing Possibility. An experienced independent consultant who was employed by three of the former Big Five consulting firms, Catherine speaks frequently on topics related to career transition, small business, productivity, and mental health. She doesn’t take herself seriously, but takes her subject matter very seriously.