![]() I’ve also applied this thinking to innovative product offerings. This is an area in which it’s okay to fail, as long as you own up to it early and try again with a new candidate soon afterward. If things don’t shape up quickly, cut ties and move on. Make sure you go through proper performance management processes. To avoid such a situation, set clear expectations up front with the new hire, and if things are going off the rails in the first six months, proactively intervene and explain that this might not be a good fit. It can feel unnatural to give up on something I care about, but looking at the bigger picture helps me realize that my company’s success is more important than a pet project that isn’t working out. I’ve applied this thinking throughout my entire career. It’s precisely these complex organizations that achieve company-wide success through strong, gutsy leaders that make noise, put themselves at personal risk, and are not afraid to fail. This can be a hard practice to follow in a large organization, since attempts to try new and risky ideas tend to get clogged up in bureaucracy. For every missed attempt, apply your lessons learned to the next try-and make sure you are using new and innovative techniques. If you’re working on a project and it’s not turning out as expected, I suggest failing three times before giving up on it. ![]() Here is some advice on how to know when it’s time to jump ship on a failing project: When you’re dealing with a complex task, it can be difficult to know when to move on. ![]() So I encourage everyone to fail sometimes-and when you do, do it early and do it often. With every failed attempt, a new lesson can be learned and applied. But what many people forget is that success is often achieved through failure. The word “fail” has earned a bad rap because of its negative connotation it implies that something didn’t work out the way it was planned.
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