How to Bounce Back From Failure
One of the single most important things you can learn how to do as a business owner is how to bounce back from failures.
How you handle failure is the key to whether you will succeed. Here’s how some of the most successful people of all time have handled what would have stopped most of us dead in our tracks.
* Thomas Edison failed 10,000(!) times before finally inventing the light bulb
* Henry Ford started many businesses and ended up completely broke FIVE times before he founded Ford Motor Company
* Harland Sanders and his famous Kentucky Fried Chicken recipe was rejected 1,009 times before he finally heard a yes.
* Oprah Winfrey was fired and rejected as a TV reporter. Her bosses called her “unfit for TV.”
* R.H. Macy started SEVEN failed businesses before his department store Macy’s became a huge global success.
Maybe you too are experiencing failure at this very moment. Maybe you’re drowning in a sea of debt and can’t fathom how you and your firm can possibly come out alive.
Maybe you feel like a failure as a parent…or a husband or a wife because your law firm steals all of your time and forces you to neglect the things or people you love the most.
Perhaps you’ve lost a string of cases that’s shattered your self-confidence and you’re now questioning your ability in the legal field all together.
To you I say: Don’t give up!
Each of these failures is a stepping stone to your ultimate success. Instead, see them as tests to see how serious you really are about succeeding in business and life.
Here are the things that help me bounce back and get back on the horse each time I fall off:
1. Find the lesson. Every failure is merely an opportunity to learn how to do better next time. When you see failure that way, you discover that not only is failure not something to be afraid of, but something to embrace because it brings you one step closer to what you need to learn to get where you want to go.
2. Don’t blame. Blame blocks your lesson. Instead, if you take 100% personal responsibility for your part of every failure, you can learn the lessons you need to turn the failure into a huge success.
3. Move out of why and into what. Many of us spend our time WHYning constantly. Oh why me, why did this happen. Why, why, why, why, why???? Why doesn’t matter. All that matters is what. Accept the reality of whatever did happen and now ask yourself WHAT you are going to do to turn it around into the greatest opportunity of your life.
4. Ask for help. Sometimes it’s hard to see the lessons in our own failures. Emotion can get in the way. So ask for help from someone who cares about you and is not emotionally invested in your outcome. Even if you are a solo lawyer, that doesn’t mean you have to do it all alone.
If you want the support of an amazing group of lawyers who will help you turn every failure into the greatest opportunity for success, consider becoming a PFL. I held a no-charge call on February 16th where I gave all the details of the program and opened the doors for our open enrollment happening this week. If you missed the call, you can download the replay here and still get your application in before tomorrow’s deadline.
The PFL program isn’t for everyone. If what we offer doesn’t fit with your practice area or simply isn’t a business model you’d like to implement, keep searching until you find the one that is. You really can have a life and business that you love being a lawyer and serving your clients in a way that really matters.
Image courtesy of Flickr
Every now and then, I like to move away from teaching about the legal marketing/ law practice aspects of running a small or solo law firm and dive into something that’s rarely talked about in the legal field…which is your mindset.
The results of our 2009 legal marketing/ law practice survey are in and the responses are sadly indicative of our industry as a whole.
Corporations spend billions each year developing creative advertising and marketing campaigns to attract more clients. They realize creativity is the key to standing out in a saturated marketplace. So, how do they stand out? The key is in creativity. Making their product, marketing materials and physical space “unique” and different on multiple sensory levels.
I’ve talked a lot about systematizing your processes so you can set your client expectations and turn them into raving fans. But it’s possible that I haven’t explained precisely why raving fans are the key to your business freedom. Having raving fans isn’t simply an ego boost (though it does feel good), it makes a huge difference to your bottom line and ultimately the time you have to put into your business.
Before I share with you my 3 simple steps to kickstart your creativity without making the trek to Burning Man, let me quickly make the case for why you must infuse your business with your creative juices.
In most of us, there exists a Type-A overachiever who would work 24 hours a day fighting on behalf of our clients, if we let that part of us take over. We like to win, we like to be the best and we are willing to sacrifice to make that happen. It’s what got us through law school, after all. At least that’s the case for me.
Two weeks ago
The Law Business Secrets e-newsletter is getting out to you a day late because I was traveling yesterday to Scottsdale and I’m at the Phoenician Resort where I’m meeting with my new mentor, Alexandria Brown.