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I've Failed Big & Fast, Looking For The Next Big Thing

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Roli

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A while back I remember reading something somewhere about failing big and failing fast. Basically the idea is that it takes you just as much effort to put into little things as it does into the big ones, ergo you might as well go for the big ones.

An example of me failing small and slow, was my time in the video production/tv/film industry, I slogged it out for 8 years for tiny rewards, and in the end it failed. I realised then that it would have been better for me to try for example, 8 big things in that time. Maybe I would have failed in all eight, however the end result would have been the same, and at least then I was giving myself eight times the opportunity.

So last year I found a big basket that I decided to throw almost all my eggs into. I won't go into it here as this is more a mindset post rather than a breakdown of what went wrong, suffice to say it was in finance. My reward would have been between £600k and £1.2 million (circa $780k - $1.5 million) for around 3-6 months endeavour.

Funnily enough, quite by coincidence, I tried to set up another much smaller finance thing, regarding merchant services, which to be fair is still available. However that too has failed to produce any noticeable results. That really does show that it's worth just trying to go for the biggest thing you can. Both of my things required just as much attention, yet only one of them was going to make me a millionaire if it succeed (there would have been even more lucrative deals had the first one worked).

So yeah, fail big, fail fast, move onto the next one.
 

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alexkuzmov

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A while back I remember reading something somewhere about failing big and failing fast. Basically the idea is that it takes you just as much effort to put into little things as it does into the big ones, ergo you might as well go for the big ones.

An example of me failing small and slow, was my time in the video production/tv/film industry, I slogged it out for 8 years for tiny rewards, and in the end it failed. I realised then that it would have been better for me to try for example, 8 big things in that time. Maybe I would have failed in all eight, however the end result would have been the same, and at least then I was giving myself eight times the opportunity.

So last year I found a big basket that I decided to throw almost all my eggs into. I won't go into it here as this is more a mindset post rather than a breakdown of what went wrong, suffice to say it was in finance. My reward would have been between £600k and £1.2 million (circa $780k - $1.5 million) for around 3-6 months endeavour.

Funnily enough, quite by coincidence, I tried to set up another much smaller finance thing, regarding merchant services, which to be fair is still available. However that too has failed to produce any noticeable results. That really does show that it's worth just trying to go for the biggest thing you can. Both of my things required just as much attention, yet only one of them was going to make me a millionaire if it succeed (there would have been even more lucrative deals had the first one worked).

So yeah, fail big, fail fast, move onto the next one.
Why not share why you failed?
Might help the rest of us :)
 

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