Issue No. 24
Failure is part of startups
Failure happens, it's what you do about it that matters.
Reading Time: 4 min
Source: DALLE, told to extract key phrases from this newsletter, create a prompt and using the style illustrative, colorful, futuristic create an image.
Issue 24 — You need this superpower
This week's main topic is "How to think about failure."
What you'll read this week
- Failure is part of startups
- Weekly Bootstrapping Update
Enjoy!
Failure is part of Startups
I’m working on a physical goods business.
I haven’t talked about it much, but I will share more with you in the future.
Today, I want to share my weekend's progress with you and how it relates to all startups, whether they’re software or physical goods.
I went 0 for 4.
That’s how many tasks went as planned and were finished this weekend.
All four tasks failed.
I didn’t really accomplish anything this weekend.
But I still made progress.
There’s progress in failure
It can be discouraging trying to bring a vision to life.
It can feel lonely in a world that often doesn’t celebrate grind.
Instead of being (overly) frustrated with the lack of success this weekend, I reassessed what I did accomplish.
Yes, all four projects are incomplete. And I’m still scratching my head about what went wrong with two of them. But I did accomplish things:
- One failure made me discover that a prototype should be done slightly differently, resulting in a more refined look and feel.
- Two failures for two different projects ended in the same weird error on my CNC. Showing me that I have a gap in my knowledge. That’s good to know. People go throughout their entire lives, never realizing they have any gaps. 😅
- And the last one showed me I should approach prototyping with more small experimentation first. I’d have saved a lot of time.
So, in reality, I had a learning-filled weekend. That’s success.
And really, that’s how you handle failure. You frame it. I chose to frame failure as learning. I ask myself why something failed a few times and then move on.
Weekly Bootstrapping Update
Email subscribers get a behind the scenes updates on the two SaaS my co-founder and I are creating.
Join the ProductFoundry Newsletter
Signup for weekly insights into making great SaaS products and companies.