What Entrepreneurs Learn From Failure: “F-UP, Get UP, Keep GOING”

What Entrepreneurs Learn From Failure: “F-UP, Get UP, Keep GOING”

Hey everyone. I’m fired up to share this new project with you. I recruited a stellar team and were about to kick things off.

What do you think the project is all about? You guessed it. Failure – something that I’ve done a lot of as an entrepreneur and I’m sure you have too. And let me tell you, you learn a hell of a lot more from your failures than you do your successes.

It started back when I raced motocross and I would get all busted up from crashing – if you weren’t crashing you weren’t going fast. And after you crashed, you got right back up and kept going. My dad always said, “Son, you can’t stay down long or people are going to rip past you.” The key is getting right back up and jumping back in to the race.

Sometimes it got to the point of breaking bones – about 15 for me. Then I had to stand on the sidelines, but It gave me a chance to think about what I did wrong and how far and fast I could really go. The point is I never would have learned if I didn’t push things to the point of crashing and breaking bones.

The same thing happened when I jumped into startups and entrepreneurship – I got my ass kicked, fell down, and learned the hard way.

One failure in particular happened a few years ago when I one day woke up drowning in debt and stupid decisions. I had built a company and positioned myself inside the company managing the day to day – what a mistake. I quickly learned that entrepreneurs make sucky managers.

What was supposed to be one thing quickly morphed into a battle that ended up pretty badly. I wanted to build tech products, but instead ended building a damn agency that grew too big, too fast and then the economy fell apart; that ended the battle.

What I should have done early on was hire a manager or CEO and I could have moved onto my next startups. I didn’t. Instead, I tried managing it and the thing blew up in my face.

This failure (It was kind of a big one) destroyed relationships; destroyed my finances and left me pretty beat up for awhile. It also forced me to file for personal and business bankruptcy, costing me some three-quarters of a million dollars. A hard lesson, but a good lesson that has made me stronger and defined me as an entrepreneur.

I learned several pretty hard lessons. I learned what I was good at, I learned what I was bad at, and I learned who and what I needed to win the game.  Most of all, I learned that you better be one tough bastard if you want to play this game.

Right now I have five start-ups that I am a part of – you can read more about all them by going here.

And this project, “F-Up, Get Up, Keep Going.” We don’t know exactly what this project will become, but we do know that if we start by sharing great stories it will turn into something pretty awesome. But we can’t do anything without your help. We need you to share your stories of failure. What you learned from the path of fucking up, getting up, and continuing to push forward – we know you have great stories. Send those to us in video, audio or text at danny at dannybeckettjr dot com.

Together we’ll share stories and teach other entrepreneurs how to build and run great start-ups.

Let’s do this thing.