Why Successful People All Embrace Failure

Turning Setbacks into Stepping Stones

The Art of Improvement
7 min readMay 12, 2024

What do successful people all have in common? Money? Fame? Fantastic lifestyles? Maybe! But one thing that really sets them apart from everybody else is failure. That’s right! Successful people embrace failure as a way to succeed.

It might seem counter-intuitive to think failure can aid in the path to success, but when you hear the reasons why successful people find failure to be helpful, you might start to rethink how you view failure in general.

Former CEO of IBM, Tom Watson stated,

“If you want to succeed, double your failure rate.”

Redefining Failure

The dictionary has several definitions of failure. But generally, the word can be summed up as an “inability to meet an expectation.” In whatever you’re doing, you have expectations for how it will go. When it doesn’t turn out the way we’d hoped then we see it as having completely failed. That’s a pretty strong determination for…