Why Failure Works

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Say X has an 80% chance of failing.

  • So, X has a 20% chance of succeeding.

That means, you succeed 1 time for 5 tries (on average); or even better:

  1. You succeed 2 times for 10 tries.
  2. You suceed 5 times for 25 tries.
  3. You succeed 20 times for 100 tries.
  4. You succeed 100 times for 500 tries.
  5. Etc., etc., etc.

That is, the more times you try/experiment/test, the
more successes you'll find.

SCHWIN2THETOP.

Why 9866996798664489 Business Owners Fail

  • Bob: 'I give myself one shot to succeed.'

Therefore, Bob has an 80% chance of failing. Because Bob gives himself 1 try, the odds are overwhelmingly against him that he'll succeed once.

BOB FAIL.

Don't Fail!  Hooray!

The true path to succeeding as an entrepreneur (or at anything else)?

  • Keep trying.
  • Keep experimenting.
  • Keep persisting.

The more you try, the more successes you'll find.

The statistics game favors you with the more number of tries/experiments/tests that you do.

How TV Networks Succeed

Networks know, based on past data, that a certain percentage of their new shows will succeed with audiences.

Therefore, they test X shows every season to give themselves the best shot at getting a target number of successes.

Why do you see a freakish string of low budget, new shows on ABC, NBC, FOX, etc. every season -- and why will you continue to see them every year?

They know the numbers rule:

  • The more ^ of tries = the more ^ of successes.

Keep trying.

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Posted on December 16

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