Fail Forward: Learn From Your Failures

I attended an educational session recently, on the title of this blog, conducted by Professor Rita McGrath, from Columbia University.

I found it fascinating!

There are many business books out there that talk about this concept.  In fact, the business community knows this concept all to well.

Statistically speaking, over 50% of small businesses fail each year (Small Business Association statistic).

The key is to learn from these failures and not make them again.  That's what a free enterprise system is built around.  Your small business members understand this concept.

Do you run your chamber like a small business?

Are you trying to be innovative, cutting edge for your membership and delivery value while at the same time learning from your successes and failures?

It's been said before, running a nonprofit (chamber) does not mean don't make a profit.

Be innovative and create value for your members.  Don't be afraid to fail. Learn from your mistakes and move forward.

For a copy of her book go HERE.

For a great resource on performance measurements from The Bridgespan Group go HERE.