Strategies for Learning From Failure and How to Approach It in a Healthy Way

for bookkeepers for business owners podcast Aug 02, 2021
learning from failure



In this episode of Profits + Prosecco Podcast, we're going to be talking all about being confident in your business and how to learn from failure. Everyone goes through failure at some point in their business but there are healthy ways to approach it. If you want to stop looking at your failures as failures, stay tuned! 

But before we dive right in, welcome to the Profits + Prosecco Podcast! I’m your host, Katie Ferro, CPA, reformed rule follower, creator of Booked Out Bookkeeper, mom to 3 little ones, and Kajabi enthusiast.

This podcast is for entrepreneurs who desire to change their life through their profitable business, and for bookkeepers and accountants who want to escape the 9-5 and start a simple scalable bookkeeping business like I did. 

Bookkeeping increases profits and profits change lives. So pop some bubbles and let me show you how! 

In this episode, you'll learn everything you need to know about healthily approaching failure. For even more juicy details, listen to ALL of episode 35 of the Profits + Prosecco Podcast on your fave streaming platform.



Why I believe that there is no such thing as failure.

This is something that I just naturally believe in and embody. In no way does that mean I’m without failure because I have done MANY things that other people may look at as a failure. I just have a different perspective on how I approach my mistakes. 

If I fail at something, that just means there's one less thing that I have to try. It means I have it scratched off of my list and I can look at what I want to try next and get closer and closer to the thing that's going to work. 

Not everything is going to work out and that is okay, it doesn't always mean it's a failure. 

I also don’t sit and remember my failures. Yes, I might feel them and they might bother me but moving on quickly is key here. The only person who knows about your failure is you so why sit on it? 



Always take the next step. 

The questions I ask myself when I fail are… 

Why didn't it work? 

Why didn't it feel good? 

What might have caused it? 

After that, I take the next step and fix it by trying something else. If you don't ever try and you don't ever fail, then that one thing is going to sit in your head as a possibility FOREVER. If you are not acting on your goals and giving yourself permission to fail, you are failing right there. There is no bigger failure than not putting yourself out there. Remember that! 

There is no way in the world you can succeed if you don't try. 


The only person fixated on your failure is you.

If no one is paying attention to your “fail”, then no ones talking about it and you can't be embarrassed. People are so busy living their own lives that they don't have time to think about your mistakes. 

If you do have someone like this in your life and you allow that person to pick you apart, you're letting them win. When you fail and you put yourself out there and nobody buys, likes, or comments, I can promise you no one even saw it happen and no one cares. 

If nobody engages, NO ONE SAW. 

You can quickly move on, see it didn't work, and try something new. You should always accept a new challenge in your business! 



Strategies for Learning From Failure and How to Approach It in a Healthy Way: The Bottomline

I hope this episode helps you embrace failure. Start approaching your challenges differently because it's a real game-changer when you do. Pursue what you want to pursue, create what you want to create, and sell what you want to sell until you find out what's right for you. 

If you enjoyed the episode, please take a second to rate and review. Each review helps us reach and inspire more entrepreneurs and bookkeepers just like you. 

Don’t forget to take a screenshot, share it in your Instagram stories, and tag me at @orderlyaccountingbykatie. Cheers to your inevitable success and I’ll see you in the next episode!