Brenda's Blog

All articles from May, 2014

When Risking Failure is a Good Thing

How can failing ever be a good thing? The best leaders know that if you aren’t risking failure at least part of the time, you’re playing it so safe that no one on your team is learning and growing. “Failing small” can be a great way for everyone in your company to learn. After all, isn’t that how you learned the best lessons in your own career?

Sounds intriguing but not sure how to put this into action?

–          Allow enough leeway in projects so that if small failures occur, you have time to recover, learn specific lessons from the failures, and get back on track.

–          If you’re concerned about your employees making costly mistakes, determine the points at which you need to influence the project’s outcome the most. Then, set up specific times to meet with your direct reports, either by date or by completion of certain steps (check out the “metered with milestones” delegation style in Would YOU Want to Work For YOU™?). In that case, if something is truly off track, you can realize it, say something, coach them through it, and have enough time to make a correction.

Playing it 100% safe in business is not how the most successful companies have gotten where they are today. You have to step out and take calculated risks now and then in order to get big rewards. What risks will YOU take today?

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