I am in a dilemma of which Failure essay to use.
Either:Role: Guitarist in music band
Failure: Public embarrassment of my first live performance with the band in a local bar - had stage fright and completely bombed my part for the songs we were playing. Lacked professionalism as a result.
Solution: Involved in serious discussions with band members on how to improve and avoid issues like this from arising again. Practiced intensely before the next performance.The subsequent practice led to success and in each improvement in my live performance, my fears of embarrassment subsided.
Lesson learned: The embarrassment led me to improve my self-confidence, my discipline to practice and persist and to thoroughly prepare and work closely in a group. This experience allowed me to embrace challenges and creative stimulation, to never fear trying again and to allow me to confidently express ideas with others.
Accomplishments after: Subsequently played any successful live performance and even signed to a record label, produced an album and toured Australia with the band for a short period in between university studies.
ORRole: Founder and entrepreneur in my own miniature painting business
Failure/s: Perhaps should be called Failures, especially during the initial set up stage, but the ones i can name include:
- High bad debt rates from clients: did not research and learn about the industry and customer base.
- Not planning the prices on different models - i would break even or run losses on some projects.
- Disappointed initial clients as my painting quality was not consistent from client to client.
Solution/s:
- Establish stringent payment policies and deposit taking methodology to tackle bad debts
- Creating a price/quality matrix that evolved over time to optimize prices to generate a profit. The matrix would also allow both painter and client to establish final product expectations and to monitor painting progress.
Lesson learned: Importance of due diligence, perseverance, embracing challenges, constant improvements and to be willing to take risks to avoid losing.
Accomplishments after: Built a 50k annual business with global clients with constant innovative business ideas to grow the business and expand market reach. To also be noticed by suppliers to be given supplier rights to miniature sales and trades in Australia.
Any help on which one to pick would be very grateful. If youre voting - i would like get an idea of why you voted that particular choice as well.