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Overcoming Fear of Failure

 

Risk Doctor Briefing

SERIES ARTICLE

Dr David Hillson, PMI Fellow, HonFAPM, FIRM

The Risk Doctor Partnership

United Kingdom

 



The fear of failure often stops us taking risks, because most of us think of failure as “A Bad Thing”. Reality is more balanced. The following ten key characteristics of failure show it includes both negative and positive aspects:

  1. Failure is natural. Failure is an intrinsic part of life, as illustrated by the natural laws of competition and survival of the fittest.
  2. Failure is universal. Failure can be found everywhere, affecting all facets of human existence, including both personal and corporate activities, in both private and business arenas.
  3. Failure is inevitable. Perfection is an illusion, 100% success is unattainable, and there will always be more failures than successes.
  4. Failure is pain. Failure nearly always has negative consequences, and it is usually unpleasant for those who experience it.
  5. Failure is opportunity. Failure offers us the chance to draw a line under the past and make a fresh start, stepping out into the future.
  6. Failure is learning. Failure teaches us where further effort would be wasted and encourages us not to repeat the same mistakes in the future.
  7. Failure is information. Failure is a definite result, a clear outcome, indicating what not to do in future.
  8. Failure is directional. Failure closes off some potential paths of action, and leaves others open or untried, encouraging us to try something different.

More…

To read entire article, click here

 

How to cite this paper: Hillson, D. (2018).  Overcoming Fear of Failure, Risk Doctor Briefing; PM World Journal, Volume VII, Issue XII (December).   Available online at https://pmworldjournal.net/wp-content/uploads/2018/12/pmwj77-Dec2018-Hillson-overcoming-fear-of-failure.pdf



About the Author


Dr David Hillson HonFAPM PMI-Fellow CFIRM CMgr FCMI

The Risk Doctor

 

 

 

Known globally as The Risk Doctor, David Hillson leads The Risk Doctor Partnership (www.risk-doctor.com), a global consultancy offering specialist risk services across the world.

David has a reputation as an excellent speaker and presenter on risk. His talks blend thought-leadership with practical application, presented in an accessible style that combines clarity with humour, guided by the Risk Doctor motto: “Understand profoundly so you can explain simply”.

He also writes widely on risk, with eleven major books, and over 100 professional papers. He publishes a regular Risk Doctor Briefing blog in seven languages to 10,000 followers, and has over 4000 subscribers to the RiskDoctorVideo YouTube channel (www.youtube.com/RiskDoctorVideo).

David has advised leaders and organisations in over fifty countries around the world on how to create value from risk based on a mature approach to risk management, and his wisdom and insights are in high demand. He has also received many awards for his ground-breaking work in risk management over several decades.

To see other works previously published in the PM World Journal by Dr David Hillson, visit his author showcase at http://pmworldlibrary.net/authors/dr-david-hillson/