Get All Access for $5/mo

Failure Is Not the End. It's an Opportunity to Learn. Failure is an external event that happens. It is not a personality characteristic.

By Ron Burr Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

It was 1998. I walked into my first meeting with my now friend Bill Gross, the founder and CEO of Idealab. I was shown to a conference room that had quotes on the wall, and one of them, from Thomas Edison, immediately jumped out at me: "I have not failed 1,000 times, I have successfully found 1,000 ways that will not make a light bulb." This quote, or at least some version of it, is the mantra of every successful entrepreneur.

We learn about failure early in life. Kids race each other on the playground and are tested in school and given grades each year, quickly learning what it means to win or lose, pass or fail. Not winning tends to have a stigma around it, and can ultimately lead to labels like "failure" or "loser." Too many people allow external views to define their self-worth and thus are afraid of ridicule stemming from these unfair labels, which we even give to our own friends and family. Through societal behavior, we teach people to not be risk takers.

Related: 5 Pivotal Things I've Learned From Failure

I'm not here to say there is no such thing as failure. Failure is very real, but it is not an end destination -- it's another event in the course of life. Experiencing one failure or 100 does not make you a failure. Failure is an external event that happens. It is not a personality characteristic. One who fails a lot, we could say, takes a lot of risks. It's important to separate the events of failure from the personal characteristic of being a failure.

Failure is an opportunity to learn. When we confuse our personal sense of self-value with success, we are restricting our ability to learn because our ego becomes another factor in this equation. Our ego tells us we succeeded because we're so smart and so great, or that we failed because we are a loser and can't win at anything.

This clouds the analytical process of simply looking at the results of a situation and asking ourselves, "What happened?" There are key questions to ask in order to learn and grow from past mistakes.

  • "How did I approach this?"
  • "How prepared was I?"
  • "What was within my control to change and what was not?"
  • "Of the things within my control, what other actions could I have taken that might have produced a different outcome?"

Related: 5 Ways Criticism and Rejection Builds Your Capacity to Succeed

Likewise, success can equally blind us from learning. Just like failure, success is an external event and does not necessarily define you as a winner. Many entrepreneurs who have experienced success make the mistake of believing they did it all on their own, forgetting the team and support that helped them achieve their goals. Of course, they made good decisions at the right time, worked hard and achieved success, but in almost all cases, there were other team members who assisted in the win.

Because failure is so bitingly painful, it tends to get more personal introspection than success. However, it's the entrepreneurs' optimistic "never say die" attitude that can also get in the way of self-evaluation and looking at the contributing causes of failure. Learn to separate the event of failure from your personal identity and invest in objectively reviewing the situation and trying a different approach next time. This relates to a core message I share with every entrepreneur -- be ruthlessly honest with yourself and others. Denial is your worst enemy.

Strive to find flaws in your ideas or processes and eliminate them. You are only doomed to repeatedly fail if you choose not to learn from your past mistakes.

Related: Robert Herjavec: Success Isn't Measured on Days When the Sun Shines

Ron Burr

Technology Executive and Internet Entrepreneur

Ron Burr is a technology executive and Internet entrepreneur based in Los Angeles. He founded NetZero, helping it become one of the world’s largest Internet service providers. He is the holder of eight Internet technology patents in online advertising and market research.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

At Age 15, He Used Facebook Marketplace to Start a Side Hustle — Then It Became Something Much Bigger: 'Raised Over $1.6 Million'

Dylan Zajac, now a 21-year-old senior at Babson College, wanted to bridge the digital divide.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Innovation

These Entrepreneurs Created a League That Turns Gamers Into Pro Race Car Drivers: 'We're Giving Drivers a Sustainable Career Path'

Racing Prodigy's innovative E2Real sports league is lowering the high-cost barrier to entry for drivers to take their passion to the track.

Business News

OpenAI Just Released Its Text-to-Video Generator, Sora. Here's How the New AI Could Impact Small Businesses and Creators.

Sora has a variety of use cases for businesses, from social media campaigns to video creation.

Growing a Business

This Cozy Coffee and Garden Shop Has Become a Staple in Its Community By Following 5 Smart Strategies

Maypop is a combination coffee and garden shop where a blend of community building and customer service creates an unforgettable experience.

Science & Technology

Machines Are Surpassing Humans in Intelligence. What We Do Next Will Define the Future of Humanity, Says This Legendary Tech Leader.

Craig Mundie, co-author of "Genesis: Artificial Intelligence, Hope and The Human Spirit" dives into the unrivaled power of AI.