There Is No Such Thing As Failure

16 Aug

Today’s advice comes from Richard Sandor, CEO of Chicago Climate Exchange, via WSJ:

“We have a peculiar philosophy within the company. There is no such thing as failure, we only view things as clinical experiments.”

To demonstrate his point, Sandor used the drug Salvarsan — also called compound 606 — as an example.

Compound 606 predates penicillin and was used to treat syphilis in the early 1900s. According to Sandor, the drug got its nickname after its creator failed 606 times before getting it right.

Perseverance is an important factor when reaching towards a goal and Sandor believes that failure cannot be viewed as the end of a project.

“Leadership and inventive activity require the perspective of clinical trials as opposed to success or failure.”


One Response to “There Is No Such Thing As Failure”

  1. silver account August 22, 2012 at 1:10 am #

    You also need to focus on being selective when choosing who you want to partner with — don’t focus so much on finding people you get along with, but, rather, find people with skills that compliment your own.

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