There is a Chinese saying: “Failure is the mother of success”. This might seem right to many people. The more mistake we made, the more we know how not to do something. Especially when we want to try something new in business. We like to test our idea and see if it’s working. We usually hope that it works. But if it doesn’t, we want it to fail fast. Then we can move on the other ideas.
This kind of mistakes usually doesn’t cost much. Just like playing any strategy game, you want to tackle problems with different strategy. If it fails, your feeling won’t hurt and you move on with the experience of that mistake.
What if the failure has a much bigger cost? A study was done to over 6000 cases of Coronary artery bypass surgery, also known as coronary artery bypass graft (CABG). This a complicated surgery that if the physician failed, the patient will most likely die. The study suggested that if a physician finished a surgery successfully, his/her surgery successful rate would keep increasing, vice versa. That implies success would lead to more success into the future. I believe this is because our confidence came from accumulative success from the past.
So, which is more important?
When we made a mistake, we would learn from it immediately. When we have done something right, we remembered and give ourselves credit. And that adds confidence to ourselves more and more in the future. There is no doubt that failure help preventing failure on the same mistake. But success is just as important.
Good night New York!