It's Okay to Fail

As the mentor of this start-up team, I worked with John to develop a coaching framework that would help empower each individual on the team to take risks and reach their goals.

This included providing guidance on how to use failure as an opportunity to learn, encouraging creative problem-solving and developing innovative ideas.

John and I discussed strategies for creating a risk-taking environment where everyone felt comfortable sharing their thoughts and ideas without fear of failure or reprisal. Acknowledging failure was an essential part of this process - it enabled team members to make mistakes without criticism, provided valuable learning opportunities for personal growth, and allowed teams to review what went wrong and identify areas for improvement or change during future coaching sessions.

We also discussed ways to build trust between team members, such as open conversations, clear guidance from the coach, and providing support when needed.

With John’s leadership and my guidance, the team was able to foster an environment that encouraged resilience, creativity, learning opportunities, acceptance of failure and risk-taking.

After 8 months of hard work and dedication, they were finally able to bring their product to the market - demonstrating how risk-taking combined with the acknowledgement of failures instead of penalties or recriminations associated with them , can ultimately result in successful businesses with a lasting competitive advantage!