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Like to avoid failure Edit

Because we have a negative attitude toward failure we tend to take fewer risks and this can retard implementation of new ideas, seeking out of new partners, markets and products. We also promote a culture where failure is shameful and that constrains the important process of trying, failing, trying again with lessons learnt and eventually succeeding – like children learning to walk. 


What does this mean?Edit

I’m particularly interested in how we are so terribly ready to castigate others for failure, vs risk appetite.  Does beating people up for failure translate into a reluctance to take risk?  I would think it does translate/correlate but maybe that’s just because as an older person with dependents etc my appetite for risk has reduced compared to that which I had when younger and travelling the world.  Are kiwis who return naturally seeking to reduce risk and satisfice?  Conversely, I see lots of younger start-up people who have the same risk taking attitude that Vaughan Rowsell outlines in his Vend journey.

 

Maybe law (I’m a lawyer) itself encourages this attitude with its standard structure of prescriptive rules and lots of penalties for failure.  Hadn’t thought about that.  Do we need to reform our bankruptcy law so that when a person comes out of bankruptcy after 3 years that record is expunged so they are not forever saddled with it in their credit record?

Rick Shera

@lawgeeknz

How do we not do this?Edit

This is where you tell your story on how you overcame this impediment.

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