Upside of Failure

The Sunday New York Times magazine had a thought-provoking article on whether schools should focus on building 'character' and not just academic competence.  I generally applaud the sentiment, though I also believe that kids get much of their character guidance from parents and the community, with the school supporting and emphasizing it.

The article is titled 'What if the Secret to Success is Failure?' and goes on to cover all the character-building benefits of failing at something which then leads to future success.  Again, yes, I do support the concept as I believe it builds resilience, which is a big factor in successfully navigating this fast-changing world.  (I also believe students should be taught compassion, but that's a different story.)  What made this article particularly appealing to me is how much of this approach resonates with successful entrepreneurship.

"True: learning is fun, exhilarating and gratifying.... — but it is also often daunting, exhausting and sometimes discouraging."  Just like entrepreneurship!  "People who accomplished great things.... often combined a passion for a single mission with an unswerving dedication to achieve that mission, whatever the obstacles and however long it might take."  That is the defining characteristic of an entrepreneur.  The concern about children from affluent families having so much done for them that they're unable to deal with setbacks is somewhat like an over-funded startup failing because it never had the pressure of limited resources making it focus on what was really important.  And of course, the idea that failed experiments and uncertainty contribute to the development of grit and ultimate success is one of the reasons that, in Silicon Valley at least, a two-time entrepreneur is respected, even if the first time was a bust.

There is more, for example, 'social intelligence' and 'optimism' are super helpful for entrepreneurs too.  Read the article here - it'll make you wonder if teaching entrepreneurship will do more than just help build the economy.