Failure, Resiliency and Confidence to Achieve Success

A nationally recognized expert on entrepreneurship, Barry Moltz has founded and run small businesses for the past 15 years, experiencing both great success and great failure along the way. His latest book, BOUNCE!: Failure, Resiliency, and Confidence to Achieve Your Next Great Success, offers entrepreneurs a new perspective on the concept of failure, and how recognizing and even embracing it can set the stage for bigger successes.

Forget about having “no fear,” or asserting that, “failure is not an option.” Actually, it is a very real option, and often happens. It’s okay to be afraid and it's okay to fail. Not everything works. Learn from failure and bounce to the next action and success. It's about resilience.

If an action does turns to out negatively, then grieve over failures if you have to, but don't get demoralized. Being able to recover quickly and move to a new place where success is again possible is what matters. I use the analogy of a baseball team. Your opponent can beat you only once per game, whether it’s by 1 run or 15. But the next day, everything’s even and you have a new chance to succeed.