Failure Yields Great Outcomes

“If you are not failing, you are not moving fast enough, close enough, towards your fullest potential.” ~ Larry Broughton

You’ve heard the expression, “The Real Deal,” right? It is frequently used when describing authentic people; those with character. I had the privilege of having a real deal on this week’s Awakening to Awareness radio show. If you were unable to catch the show ‘live’ you can download the podcast and my guest’s full bio,Β here.

Larry Broughton has lived one of those classic, humble beginnings to award-winning entrepreneur and CEO, stories. And on this show he shared a bit about his unconventional journey to success. Founder and CEO of Broughton Hotels, a leader in the boutique hotel industry; as well as Co-Founder and CEO of Broughton Advisory, Larry is a man who believes in his vision and walks his talk, personally and professionally.

One hour is barely enough time to scratch the surface of anyone’s story. Yet Larry shared valuable insights into what he believes makes each one of us successful. Having presented to, coached, and mentored thousands of current and aspiring veteran entrepreneurs across the U.S., Larry spoke about the importance of mindset, how it is essential to embrace failure and, how fear and failure are actually healthy as they nurture learning and growth.

Larry cited several abilities/qualities that are necessary to be successful entrepreneurs (and individuals!) including:

  • Having a sense of adventure, as didΒ the early explorers who knew there was something else out there;
  • Being crystal clear about what you intend to accomplish and how to achieve desired results;
  • Possessing a strong belief in your vision;
  • Tapping your competence and confidence;
  • Banishing negativity and the “energy vampires” from your life;Β 
  • Surrounding yourself with brighter, bolder people and having mentors or accountability partners;
  • Undying resolve and;
  • The ability and sense to ask questions. Ask questions!

Larry’s upbeat, creative approach to business and life have been featured in countless newspaper and magazine articles and he’s been a guest on news and TV programs on every major network, including multiple appearances on CNBC’s The Big Idea with Donny Deutsch. In his grounded, inspiring ways, Larry emphasized for listeners: the importance of using one’s strengths; being authentic and transparent and; doing what it is you are great at, to yield clarity and live a successfully integrated, holistic life.

So much wisdom… so little time (on this show) with Larry. While he offered much on which to reflect, my three simple take-aways were:

  1. Get comfortable with the “panic zone”… embrace failure.
  2. “Do good things.”
  3. “Don’t let guilt of the past define you; let it refine you.”

Consider listening to the podcast (linked above). It was a good show!

30 thoughts on “Failure Yields Great Outcomes

      • Wow Eric
        Firstly how good were you on your show? I must admit to being most impressed my friend!
        I admire successful people who don’t lose sight of where they came from and both yourself and your guest Larry possess that crucial quality.
        I enjoyed listening and liked the quotes shared during the podcast!
        I truthfully only ever had a couple of real mentors who certainly moved me forward in my career and who I still admire greatly.
        I can only reiterate how vital such individuals are in life!
        It’s always nice to remind ourselves that “It’s nice to be important…but it’s important to be nice”
        Great show and thank you for the link Eric

      • Bob, thanks much for creating time to listen to the show podcast and for your kind words about the show’s focus/content. I appreciate the quote “It’s always nice to remind ourselves…” that you chose to share.

  1. Thanks Eric. Larry has a great story. I don’t seem to be as driven, but I appreciate the wisdom and willingness to fail, which I’ve only recently started embracing. Making mistakes is part of the learning and growing process.

    • I’m not sure it requires being “driven,” Brad. I believe much of what Larry shared was worthy of consideration and application to multiple facets of our lives. After all, we fail everywhere, right? πŸ™‚

  2. All the abilities and qualities listed here are so interconnected…if you are adventurous, you will obviously be having confidence and competence, the vampires dare not touch those who have a strong self-belief, determination and inquisitive nature…such people are have magnetic energy to pull the brightest and the bolder individuals!

    What a great combination, Eric! very well articulated!

    • You are always thoughtful and spot on with your comments/observations, Balroop. I appreciate your sharing them. I particularly like your ‘interconnectedness’ perspective. Indeed, the qualities and abilities are interwoven and in that togetherness, lies vast potential.

    • With failure and many other facets of being. I am warmed by and admire those who create ways in which to mitigate the fear associated with failure and choose to move forward in the shadows of its presence. Ego-mind aside, always onward!

  3. To deal with fear and failure by understanding that they are actually healthy, as they nurture learning and growth! What a great insight (and an obvious real life experience ever since we were kids….) Great post!

    • “…ever since we were kids…” The age during which fear didn’t reign and failure was simply part of a less complex process. Just take a look at the creativity and innovation that pours out of young ones.”

    • Perhaps not always “force,” Donna. When choosing to change as a result of failing, I believe the redirection can be even more significant. Force, at least to me, connotes an insistence versus modifying via choice. I always appreciate your input/insights!

  4. Just like the other commenters, I loved your three takeaways. I used to be such a mindfreak on my past mistakes. I used to dwell on them all the time, trying to figure out what I should have done and I beat myself up over it every night. I don’t do it much anymore. Got to free myself from the negativity though. πŸ˜€

    • Glad the takeaways ‘spoke to you.” πŸ™‚ Kudos for having moved past the ‘beating oneself up’ phase. It didn’t serve much of a purpose, did it? And as Larry advocated during the show, eliminating the “energy vampires” from one’s life is not only essential but liberating?

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