Tuesday, November 15, 2011

Fail Often, Fail Fast, Fail Cheap

That's powerful advice from Jim Estill. He is a successful entrepreneur who build his business from nothing to annual revenue of over $300 million. He then sold the business - like a smart entrepreneur.

I have shared the stage with Jim as presenters and expert panelists. Jim has much wisdom to offer. Of all the advice I've gathered from him this one resonates with me the most.

"Fail often, fail fast, fail cheap." - Jim Estill

Just imagine how "the fear of failing" can halt success. Instead, Jim suggests that we accept failures as necessary to growth.

Jim Estill discusses each point in more detail in this article.

For Better Innovation - Fail Often, Fail Fast, Fail Cheapby Jim Estill

Companies need to be encouraging of failure. Too often people are disciplined for trying things that do not work. I advocate the opposite. Praise those who try - even if they fail.
Read the rest of this article at For Better Innovation - Fail Often, Fail Fast, Fail Cheap

This line in the article particulaily jumped out at me.

"Having failures does not make you a failure. Not trying makes you a failure."

George Torok

Host of Business in Motion


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