It’s always good to talk about dreams and goals with someone who shares the same passion as you do. Recently this thought struck me while I was having a discussion with my friend. “Why are people so afraid to fail?” What is the price of failure? I feel that too many of us do not understand that the price of failure has fallen and will keep falling. Maybe it’s because our nation (Singapore) is a relatively young nation and the price of failure in the past was HUGE! One mistake and you will be severely punished because we couldn’t afford to fail at such an early stage. I believe it’s not so much about being able to afford the price of failure or not, but the culture of not wanting to take a risk has slowly crept in and been embedded in our mindset (Gen X).
We are moving into an age where we can afford to fail and should learn how to fail forward rather than to avoid it completely. However, many of us are still stuck with the old mindset passed down from our parents that we cannot afford to fail. Have we even calculated the cost of failure to reach such an assumption – That we cannot afford to fail?
The opportunities available to us today is definitely way more than the opportunities our parents had in the past that was why they were so risk averse. In fact, if we observe carefully, we are beginning to be rewarded for being innovative. This means risking failure, but yet being rewarded for having an entrepreneurial spirit. This is lacking in our society. To move forward, we can’t simply play it safe anymore. We need to get out there and be prepared to fall down, scrape our knees, get back up and grab the opportunities that is all around us!
If you have a passion for something, go do it. Stop thinking about what if you fail. Think about what if it works! What’s the worst that could happen pursuing something on the sideline? At least you could boast and say that you’ve been there and done that. If you’re more afraid to fail than to live out your dream and passion, are you even living or just trying to find a place in society to fit in? Get out there and do your thing! The world is your oyster!
Just a heads-up, while the Gen X is playing safe, the Millennials are the ones being brought up to embrace failure and to take it positively. Who do you think will be bossing you around in the next 20-30 years? The price of playing it safe might just be higher than the price of failure. Think again!