Turning washouts into wins

Anna Stubbs • February 7, 2024

Some of us love a good failure story. While victories are inspiring, true tales of messing up are often more relatable, but most importantly, indispensable learning opportunities.

If we can shift our perspective to see our flops as valuable progress, each washout can become a win.

Eight ways to help failure breed success:


1. Change your mindset.
See failure as a pathway to success rather than a roadblock. The road to success is paved with deviations. We can reframe the old adage, 'try, try again', as 'fail, fail again', because that’s what it takes to achieve continuous improvement.


2. Fail more.
Everyone sets ‘Win’ goals but how about ‘Fail goals”. If failed attempts improve our outcomes shouldn’t we seek to increase our failure rate? If you only set Win goals, and you’re not successful then you can quickly become disengaged. Whereas setting goals where attempting, trialling, exploring and testing is the desired outcome, fail or flop - you’ve achieved, and no doubt gained invaluable learnings.


3. Watch the self-talk.
Being self-critical or dwelling on a mistake can be damaging following a failure. No one needs a metaphorical whipping from their inner critic. Feel the initial sting, then review your task list, priorities and goals, and get back on track.


4. Relish your failures.
Often, we try to forget the times we miss the mark. This is very glass half-empty thinking. Failure is better than inaction! Everyone has setbacks, so rather than shirking from failure, celebrate the fact you tried and consider (briefly!) why the failure occurred, and if any aspects could be adapted for future success.


5. Recognise mistakes don’t have to define you.
We’re often too embarrassed to talk about past mistakes for fear of judgement. We’re all human. Bottling, and to an extent denying our mistakes ever happened, doesn’t help us learn from them. But if we flip this on its head, we can empathise and learn from each other’s stuff-ups.


6. Act consistently.
Practising failure is like going to the gym. You can’t go once and expect results. Consistency is key to forming new habits. So, pick up that heavier-than-normal weight (i.e. project), let it drop, then inhale and try again. Daily action helps create success. Use and develop your 'courage muscle' by feeling fear and taking action anyway. Use it or lose it.


7. The enemy is fear.
Fear of failure can hinder our success. All that’s required for failure to triumph is for us to do nothing. It may take time and repeated daily exposure, but eventually, overcoming the fear of failure sets us on the path to success.


8. Don’t go it alone.
Sometimes, we turn failure’s molehills into mountains and seek to climb them without support. Don’t make the mistake of being the lone wolf. Think of someone you admire – a friend or mentor who has overcome obstacles – chances are, they’d be happy to help provide the nudge you need to reach your goals.

“Failure is success in progress.” - Albert Einstein


By Anna Stubbs August 21, 2025
Whatever stage you’re at in the business journey, having an injection of additional working capital is always welcome. Being able to borrow money and take on managed debt in the business is what allows you to fund the next stage in your growth. But how does your credit profile affect your ability to borrow as a business? And what types of debt financing will help you expand, grow and scale up the company? Let’s explore the impact of your risk rating and the types of finance that may be available  Your credit profile: and how it impacts your ability to borrow Your credit profile is a measurement of your risk as a borrower. It’s how banks and specialist business lenders assess whether you’re a good business to lend to. Lenders want to know you have the revenue and cashflow needed to repay a loan. This will generally be assessed based on your business credit score and your overall financial health and forecasted business performance. With a good business credit score, your application for a loan is more likely to be accepted. With a poor credit profile, those doors to potential lending are more likely to be closed.
By Anna Stubbs August 21, 2025
Having proper control of your business finances is a big advantage. It helps you make well-informed business decisions and keeps your organisation profitable. With so many digital tools for managing your bookkeeping, accounting and management reporting, it's never been easier to manage, track and forecast your financial position. But what are the main tools you need? And how do you set up your financial systems, apps, processes and reporting to put yourself back in the finance driving seat?
By Anna Stubbs August 21, 2025
Have you ever wondered about the best ways to protect you and your business? In this series, we’ll look at the key ways to use trusts, insurance and risk-management techniques to protect both your personal assets and the future of the company. In this article, we’ll look at how you can use a trust to shelter your assets.