Failure is a Potent Teacher

Failure is a very potent teacher for construction contractors if:

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Leadership Tools: Failure is a Potent Teacher.
  • You don’t define failure just as CATASTROPHIC events that seriously damage your business.  
  • You define failure broadly as ANYTHING that is not adding value to the customer or slowing your progress.  
  • You embrace failure as part of the learning process diving deeply into the Root Cause Analysis (RCA). 
  • You develop a culture and systems so that everyone on the team thinks about the business as a series of interrelated cycles.  Consider all the interrelated cycles from the installation of a light fixture in the field to to the monthly project review meetings to the annual business planning process.  
  • Your whole team views each cycle as an opportunity to improve (PDCA)
  • You have developed structured processes for continuously updating your Standard Operating Procedures (SOPs) as your team learns then rolling them out across the company improving the whole team’s capabilities.  

Book Resources:

The Five Elements of Effective Thinking

Thinking in Bets

Related LinkedIn Posts:  

Churchill - Failure is NOT Fatal

Fail 9 Times to Succeed




Words of Wisdom for Leading Growth
Develop a clear market strategy and set guiding principles that creates value for your customers and your business. Nurture and promote those on your team that take initiative to aggressively execute strategy while relentlessly following up on details.
The Truth About Business Development
There are way more potential customers than you think and most don't even know who you are. That's your biggest challenge and your biggest opportunity.
Eric Hoffer - "Learners Inherit the Earth"
How would you rate the overall effectiveness of your team when it comes to learning something new and applying that knowledge? How would you rate your own effectiveness at learning?