Stop calling them “Growth Opportunities.” That is what losers say to feel better. Call it what it is: Tuition.
The Transformation of Value
When you launch a product, and it bombs, you didn’t “lose” $10,000. You spent $10,000 to buy a dataset. The dataset tells you exactly what the market does not want. This data is exclusive to you. Your competitors don’t have it because they didn’t pay the price.
The Two Types of Failure
1. The “Blind” Failure (The Loss) You fail. You feel bad. You drink. You blame the economy. You move on.
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Result: You burned the cash and learned nothing. This is true bankruptcy.
2. The “Scientific” Failure (The Investment) You fail. You feel bad. But then you perform an autopsy. You analyze every variable. You extract the pattern.
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Result: You possess a truth that you didn’t have yesterday. The $10,000 was the cost of the seminar.
The Protocol: The Post-Mortem
After every failure, you owe yourself a report. Write it down.
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“I thought X would happen.”
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“Y happened instead.”
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“The gap was caused by Z.”
If you don’t write the report, you threw the tuition money in the trash. Don’t fear the cost. Fear paying it twice for the same lesson.
#DhandheKaFunda: Failure is not the opposite of success. It is the raw material of success. Process it, or it becomes waste.