Have you heard of Nick Woodman?
Nick Woodman initially had a startup company, Funbug, which was backed with $3.9 million from investors. But Funbug failed and the $3.9 million was lost.
Nick was devastated and decided to take go on a surfing trip.
During his trip, he wanted to take videos while he was surfing. That led to his next idea: cameras that made it easy for people to video while participating in activities.
Nick and his girlfriend sold shell necklaces out of the trunk of their car to raise money for Nick’s business. They also borrowed money from his parents. With that, GoPro, the popular action camera manufacturer, was launched in 2002, and Forbes now estimates Nick’s net worth to be now close to $5 billion.
J. K. Rowling was rejected by multiple publishers before Bloomsbury gave “Harry Potter and the Philosopher’s Stone“ the green light in 1997. Walt Disney was fired from his newspaper job because he “lacked imagination and good ideas.” Winston Churchill failed sixth grade and was considered “a dolt” by his teacher. Soichiro Honda was rejected at Toyota Motor Corporation when he applied for an engineering job, leaving him jobless until he began making scooters in his garage and eventually founded Honda Motor Company.
Now they all could have considered themselves failures despite their first losses and rejections. They had all the reasons for it. They failed at what they wanted to do, with no guarantee they can do better next time.
So what led them to keep trying? Why didn’t they let the feeling strike them down?
Because of one simple thing, really.
The knowledge that the supposed “failures” aren’t really failures at all; they are successes in their own right.
Let’s find out why.