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Washington DC Autumn 2013
Sessions: 2013-11-19 - 2014-03-04
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FailCon’s 5 Steps For Failing Your Way to Success (Discount Code for FailCon SF Inside)
Fail fast, fail often. As a startup founder you've probably heard this more times than you can count. But have you ever been just a little perplexed about what it all really means? Fortunately, FailCon has got you covered. Read on to get the scoop on why failure works, and be sure to get your tickets for the October 21st FailCon event in San Francisco. Readers of the FI blog get 15% off here.
Below, Creating a Positive Environment for Failure has been republished;
"So you’re a founder. Good for you. But are you really ready for what that means?
If you are a good founder, you are starting something new, something that hasn’t quite been seen before. This means you are going to make mistakes, encounter failures, and struggle with incorrect assumptions. So how can you make sure these don’t destroy your company? Create a positive environment where failure can thrive openly, and be dealt with in a cool and confident manner.
Here are five steps to help you accomplish that at your startup:
1) Respond positively to small failures.
Reward employee failures that arise from taking a risk. Your company won’t innovate without risk, so employees must know you value it.
2) Hold blamefree Post-Mortems.
Blame never solves problems. When a failure arises, discuss with your team the process changes needed for avoiding it in the future, rather than pointing fingers at who caused it this time.
3) Find a failure every day.
Encourage yourself and your team to admit one failure every day, even if it’s fun and silly. This will make discussions around failure comfortable and easy. People will know they are in a safe place to share their mistakes, and that no one they work with is perfect (or thinks they are). It will also help you find potentially fatal failures early and fix them quickly.
4) Make failure fun.
Put up a pin-board at the office of top failures (ones that helped create new innovation, or identified a process problem you could fix). Capture them with silly photos or fun emails. In the “find a daily failure” talk, vote on the best failure and reward that member.
5) Distinguish good failure from bad failure.
Most importantly, know the difference between a good failure and a bad failure. From this post, it may sound like you should encourage ALL failure. Not so. Failure to get work done: failure to commit: failure to communicate: these will kill your startup and need to be identified quickly and handled cleanly. Someone who seems to be failing for lack of trying needs to be spoken with politely and privately.
First, ask what YOU can do to help them improve: maybe there is a team breakdown, maybe your expectations are too high (remember, employees are NOT founders), maybe this is the right company for them and just the wrong role. Keep the first conversation positive and proactive.
Then, if they still aren’t shaping up, you need to let them go quickly (I’ll put up a post on ways to to this, soon!) They are just hurting company moral.
However, you cannot mix those people up with people who are failing because they are pushing the envelope, because they are trying something new in an effort to make something more efficient or stronger. Those are people you want on your team. If their behavior is interrupting the flow of others, take them aside and work WITH them on how you can encourage that innovation while keeping process smooth, but do not stop them from doing it. Those are powerful failures that will lead you to succeed."
After touring over a dozen cities worldwide, internationally renowned startup conference FailCon returns to San Francisco on October 21st! We're inviting 12 founders and innovators from the startup community to share mistakes with team development, product design, scaling, funding, marketing, and other lessons learned as the grew (and often lost) their startups. You can't replicate the success of others, but you can reach it more quickly if you avoid their failures. Join 400+ startup founders as we share our failures to better reach success. Learn more at http://thefailcon.com and get 15% off with our exclusive discount code "15fi": http://failcon2013.eventbrite.com/?discount=15fi.