Why You NEED to Fail 16% of the Time?

Adam Alter, writing in “Smart Skills” in 2023, claims that “success is impossible without some degree of failure.” Allowing that this is probably quite true, what should a reasonable failure rate look like? Should you miss the mark half the time? One-third? How did Alter arrive at the precise rate of 15.83% of the time?

Please tune in this week as Wayne reviews this article, gives you a paradoxical pathway to success championed by both Einstein and Mozart, and asks the question: “How would a 16% failure rate look in the real world of construction? What do you think? Is this concept academic gobbledygook, or is it an aid to help you improve? Please share with us in the comments.

The last Contractor Business Boot Camp class for 2024 begins in August in Denver. Invest in your high potential leaders and give them the opportunity to learn the skills required to run a successful construction business from industry experts and peers alike. The seats are filling up fast so act NOW. Please contact Charlotte at ckopp3@performanceconstruction.com for more information.

Please click here to download the transcript.

  1. Einstein, Mozart – love it. “Failure is the opportunity to begin again, more successfully.” Well done, Wayne.

    • Thanks, Jim.

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