While early failures are inevitable, they serve as invaluable learning opportunities that pave the way for growth. In this episode, May Silvers shares insights from her personal experience learning to ski, drawing parallels to the journey of building a successful business.
May uses her first-time skiing experience to illustrate the importance of perseverance and learning from failures in business. She recounts how she fell numerous times during her first group ski lesson but remained determined to get back up each time, emphasizing that early failures are less costly and easier to recover from. She stresses that dedication and commitment are more crucial than motivation when facing repeated failures.
Highlighting the value of tailored guidance, May contrasts her struggles in the group ski lesson with the rapid progress she made under one-on-one instruction. She relates this to the business world, suggesting that entrepreneurs may need personalized mentorship or coaching rather than generic courses to overcome specific challenges and accelerate their growth.
May also discusses the pitfalls of comparing oneself to others, noting that everyone has different resources and backgrounds. She encourages listeners to focus on their own progress rather than measuring success against others. She shares how she resisted pressure to advance to more challenging ski slopes before she felt mentally ready, drawing a parallel to business owners who may feel pressured to uplevel before they are prepared.
In the early days of your business, setting action-based goals and conducting regular progress check-ins rather than fixating on financial outcomes is May’s suggested approach. She emphasizes the importance of consistency, strategy, and mindset in achieving success.
Personal and business lives are intertwined, and the way you approach personal challenges often mirrors the way you approach business. In the end, discipline and dedication will set you apart from competitors and will lead to success in your business.
Quotes
• “You will fail many times, sometimes more painful than the others. But if you fail when you’re just starting out, the failure is cheaper. It’s cheaper and it’s faster to recover versus when you’re failing at a high level. So don’t be afraid to fail.” (03:08 | May Silvers)
• “When you fail so many times, nothing’s going to motivate you. It’s always going to be dedication and commitment over motivation. You need to have the discipline. You need to have the commitment and dedication to tell yourself that you are going to make it, you’re going to do it, you’re going to learn how to do it, and you’re going to learn how to do it well.” (03:35 | May Silvers)
• “You will continue to fail without knowing what to correct. When you don’t know what to correct, day 2, day 3, day 4, up to day 100, you may be making the same mistakes or you may be making different mistakes, but your progress is so slow, it will be almost impossible to find a reason to continue.” (06:04 | May Silvers)
• “Don’t set financial goals. Set action-based goals.” (14:28 | May Silvers)
• “How you show up in your personal life is how you’re going to show up in your business. And how you show up in your business is a reflection of how you show up in your personal life.” (16:08 | May Silvers)
Links
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