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Okay, so let's be honest.

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Nobody really likes talking about like failing.

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Right?

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It's just, ugh, not fun.

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But what if I told you that failing could actually,

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I don't know, help you find success?

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Yeah, like a secret weapon or something.

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Exactly.

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That's actually what we're gonna be looking at today.

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Embracing failure.

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Especially if you're, you know, an entrepreneur.

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Yeah, it can be a game changer.

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For sure.

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So we're diving deep today into this podcast episode.

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It's called Embracing Failure,

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the Pathway to Proven Success.

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And we're gonna try to pull out the best parts for you.

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Basically all the good stuff

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without having to listen to the whole thing, right?

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Exactly.

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Knowing our listeners,

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they're all about learning things quickly

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and finding those like light bulb moments.

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Ah, yeah, those aha moments, love those.

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Right.

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So let's break this down.

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First up, how do we even think about failure?

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The podcast host says we need to like,

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totally change our mindset.

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Yeah, like a complete makeover for our brains.

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Seriously.

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So they talk about this idea of flipping the narrative.

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Ooh, I like that.

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So instead of seeing failure as like the end,

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it's more like a pause.

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Right, a comma, not a period.

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Exactly.

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A chance to kind of, you know, reassess

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and figure out where to go next.

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Like the universe is saying,

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hey, maybe try a different path,

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but you're on the right track.

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I love that analogy.

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And that's where having a growth mindset really comes in.

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It's not about being happy you failed,

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but seeing it as part of learning.

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Like failure is just part of the process, you know?

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Totally.

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And the podcast host actually shares this story, right?

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Their first startup, totally tanked.

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Oh no.

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Yeah, but instead of giving up,

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they used that experience to make their next business

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even better and it became super successful.

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Wow, see, it's like success isn't a straight line,

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it's more like a winding road.

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Exactly.

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And being able to learn from the stuff

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that didn't work, that's what matters.

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So don't let failure define you, right?

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It's about how you respond to it.

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You got it.

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Now the podcast host also talked about

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treating your projects like...

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Oh, like a scientist would.

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They call it approaching failure like a science project.

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Yes, I loved that part.

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It's all about experimentation.

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Don't try to be perfect right away.

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More like test things out, gather data and try again.

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Exactly.

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It's like that saying fail fast, fail often,

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but not being reckless about it.

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Right, be smart about it.

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So this is where the whole minimum viable product

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thing comes in, right?

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MVP.

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Yeah, MVP.

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It's basically a way to test your idea

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without going all in before you know if it'll work.

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Okay, can you explain that a little more?

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I think a lot of people get confused about MVPs, me included.

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Sure, let's say you're making a dating app.

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Instead of adding every feature you can think of,

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you just launch it with the basics,

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maybe matching people based on similar interests.

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Ah, okay.

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So get it out there fast, see how people react,

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and then make changes based on their feedback.

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Exactly.

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Even if it doesn't go as well as you hoped,

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you learn a ton without spending years

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building something that might not have worked anyway.

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It's like dipping your toe in the pool

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before doing a cannonball and realizing it's freezing.

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Huh, that's a great way to put it.

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The podcast host actually compares it to dating,

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which I thought was funny.

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Sometimes you gotta go on a few bad dates

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to figure out what you're looking for in a partner.

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Yeah, that makes sense.

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You wouldn't propose on the first date, right?

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Exactly.

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You need those experiences, even the bad ones, to guide you.

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So what happens after you experiment

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and things don't go perfectly?

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Ah, good question.

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This is where it gets interesting.

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The podcast host talks about doing a post-failure analysis.

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So not just pretending it never happened?

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Definitely not.

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They say it's super important to ask yourself

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some hard but helpful questions.

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Like what?

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Well, first, what went wrong?

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And be specific.

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Was it the timing, the market,

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or maybe you messed up somewhere?

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Like a detective solving a case.

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Exactly.

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And then dig even deeper.

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Ask yourself, what could I have done differently?

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That's usually where you find those amazing insights.

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It seems like writing all of this down

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would be really helpful,

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almost like turning your failures

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into a guidebook for next time.

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Absolutely.

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The podcast host mentions this mentor they had

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who told them, every failure is a chapter

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in your success story.

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Isn't that powerful?

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That's a great way to look at it.

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So the podcast also talks about building a support network,

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having people to cheer you on,

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even when things are rough.

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Yeah, which let's be real,

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is pretty much guaranteed in the entrepreneurial world.

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For sure.

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So the key is finding people who get it right.

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Yeah, they've been there, done that,

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and can offer advice based on their own experiences.

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So we're talking mentors, other entrepreneurs,

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maybe investors who've seen it all.

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Exactly.

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They can help you see that failure is normal

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give you guidance and remind you

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that you're not alone when you start doubting yourself.

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It's like having a team for a big game, right?

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Everyone brings different skills and perspectives

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and you're stronger together.

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Exactly.

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I love how the podcast talks about normalizing failure.

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It's not about celebrating it,

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but creating a space where you can talk about it openly,

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learn from it and move on.

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It all goes back to that growth mindset idea, right?

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Being around people who think the same way

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can be really empowering.

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And honestly, it makes the whole journey more enjoyable.

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Now let's switch gears a bit.

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The last big takeaway from the podcast

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is about building resilience.

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Yeah, that's a word we hear a lot,

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but what does it actually mean,

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especially for entrepreneurs?

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Right.

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Well, the podcast host explains it really well.

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It's not just bouncing back from failure,

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it's more like bouncing forward.

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Like using those failures to launch yourself even further.

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Exactly.

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So it's less about recovering and more about like evolving.

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I like that.

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And to build that resilience,

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they give some really practical advice.

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First, take care of yourself.

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Oh, right.

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Being an entrepreneur can be super demanding,

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but you can't forget about your own well-being.

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Exactly.

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You can't pour from an empty cup, right?

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And they also talk about setting realistic expectations.

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We hear all these stories about overnight success,

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but that's not usually how it works.

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It's more about the long game.

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Yeah.

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It takes time and there will be bumps along the way.

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For sure.

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And the last piece of advice is to find balance.

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Like work-life balance.

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Yeah.

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But it's also about knowing when to push yourself

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and when to take a break.

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The podcast host uses this really cool surfing analogy.

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It's about riding the wave, not getting wiped out by it.

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I love that.

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Even the best surfers get knocked down sometimes, right?

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Totally.

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But they get back up, learn from it, and paddle back out.

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And speaking of learning from wipeouts,

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the podcast had some good advice on how to actually

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dissect those failures.

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It's not just about feeling bad about what went wrong.

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Yeah.

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It's about using those experiences to learn and grow,

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right?

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Exactly.

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They recommend asking yourself these specific questions,

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kind of like a checklist.

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Ooh, I love checklists.

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What kind of questions are we talking about?

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Well, one of the first ones is, what

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were the main things I assumed that led to this?

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A lot of times, we fail because we

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made the wrong assumptions, like about the market

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or our customers or even about ourselves.

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Like those hidden things, we didn't even

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realize were affecting us, right?

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Yeah, totally.

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And once you figure out what those assumptions were,

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the next question is, how can I test those assumptions better

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in the future?

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OK, so maybe doing more research,

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getting feedback from people, trying things out

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on a smaller scale first.

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Exactly.

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Turn those failures into mini experiments.

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I like that.

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And then the podcast host also said to ask,

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what did I learn about myself through this whole thing?

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Right.

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It's not just about the practical stuff,

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but also how you grew personally.

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So recognizing your own resilience,

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figuring out your strengths, and maybe seeing areas

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where you need to improve.

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Yes.

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It's using failure to understand yourself better

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and become a stronger entrepreneur.

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So we've covered a lot.

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Redefining failure, trying things out,

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analyzing what went wrong, building a support system,

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and becoming more resilient.

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Phew.

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That's quite a bit.

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It is, but hopefully it's been helpful, right?

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And you don't have to do everything at once.

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Yes.

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Start with one or two things that really resonate with you

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and go from there.

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Good advice.

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OK, before we wrap up this whole deep dive,

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let's go over the key takeaways one more time,

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just to make sure we're all on the same page.

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Sounds like a plan.

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Let's do a quick rewind.

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First, we talked about redefining failure.

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It's not the end of the world.

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Right.

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It's more like an opportunity to learn and get better.

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And this is true for anything, not just business stuff.

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Yeah, any challenge in life, really.

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Totally.

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Then we talked about experimentation,

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like approaching things with that scientist mindset,

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testing things out, making changes based on what you learn.

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Yep.

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Then there's analyzing your failures.

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Ask yourself those tough questions.

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What went wrong?

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What could I have done differently?

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It's like watching a replay of a game

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to see how you can up your game next time.

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Love that.

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And of course, we can't forget about building a support

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network.

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Having people around who get what you're going through

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is so important, especially when you're an entrepreneur.

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For sure.

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Remember, the podcast hosts suggested

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finding people who are a little bit ahead of you,

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people whose work you admire.

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You can learn a lot from them.

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Reach out to them, pick their brains, soak up all that wisdom.

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Exactly.

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And don't forget about online communities, too.

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They can be a great way to connect with people,

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especially if you don't have a big network around you.

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Oh, yeah.

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Those are super helpful.

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They can make you feel like you're not alone.

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Absolutely.

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And last but not least, we talked about resilience.

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It's about bouncing back from those setbacks,

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learning from them, and using them to keep moving forward.

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It's like riding that wave, not letting

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it knock you down for good.

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Yeah.

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That's a good way to think about it.

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And to build that resilience, you've

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got to take care of yourself, set realistic goals,

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and find a good balance in your life.

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The podcast also recommended asking yourself

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those tough questions after something doesn't go your way.

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Like, what assumptions did I make that led to this?

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How can I test those assumptions better next time?

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What did I learn about myself through this experience?

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Asking yourself those questions can really help you grow,

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both personally and professionally.

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Wow.

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We covered so much ground today.

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It's amazing how much wisdom can be packed

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into one podcast episode.

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I know, right?

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I feel like we've got a crash course

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in how to not just deal with failure, but actually use it

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to our advantage.

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For sure.

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And the best part is these ideas aren't just for entrepreneurs.

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They apply to pretty much every area of life.

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Absolutely.

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Whether you're starting a business, trying something new,

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or just dealing with everyday challenges,

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these principles can make a huge difference.

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So before we go, let's think about how we can apply these takeaways

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to our own lives.

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What are some things we might be avoiding

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because we're afraid to fail?

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Yeah.

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What are those things that are kind of holding us back?

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And how can we shift our mindset and see those challenges

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as opportunities to learn and grow?

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Exactly.

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Remember, every time we stumble, it's

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a chance to adjust, to refine our approach,

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and come back even stronger.

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Totally.

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The podcast ended with this really powerful message.

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Every step back brings you closer to success.

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And I think that's worth remembering.

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Yeah.

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It's a good reminder that even when things don't go as planned,

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there's always something to learn, something to gain.

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Absolutely.

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So as you go about your week, think

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about how you can use these ideas in your own life.

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What are those areas where you might be afraid to fail?

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And how can you change your perspective

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and see those challenges as opportunities to learn and grow?

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Remember, every setback is a chance to course correct,

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to make your approach even better,

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and to become even more resilient.

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We hope this deep dive gave you some helpful tools and insights.

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Until next time, keep learning, keep growing,

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and keep embracing the journey.

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It really is all about the journey, isn't it?

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It is.

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And I think what's really cool about all of this

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is that it takes the pressure off a bit.

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Like, we don't have to be perfect all the time.

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Oh, yeah, totally.

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In fact, it's kind of freeing to know

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that we're allowed to mess up.

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00:12:07,760 --> 00:12:08,360
Exactly.

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And it's not about trying to avoid failure altogether,

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because that's just not realistic.

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Nope.

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It's going to happen.

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We're human, after all.

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Right.

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So it's more about being prepared for it,

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having those tools and that mindset

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to deal with it when it does happen.

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Yeah.

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And even looking forward to it in a weird way.

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Yeah.

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Like, bring it on.

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Failure.

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I'm ready for you.

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Exactly.

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Because now we know that failure is just another step

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on the path to success.

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It's not the end of the story.

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And who knows?

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Maybe that next failure will lead to our biggest breakthrough

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yet.

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You never know.

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That's the exciting part.

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00:12:43,080 --> 00:12:45,560
Well, on that note, I think it's time to wrap things up.

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00:12:45,560 --> 00:12:45,960
Yeah.

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I think we've covered a lot of ground today.

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We have.

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And hopefully our listeners are walking away

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with some new insights and tools to help them embrace

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failure and use it to their advantage.

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00:12:55,760 --> 00:12:56,560
Absolutely.

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Remember, guys, it's all about the journey.

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Embrace the ups and downs, learn from your mistakes,

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00:13:01,800 --> 00:13:03,800
and never be afraid to try new things.

401
00:13:03,800 --> 00:13:05,120
Couldn't have said it better myself.

402
00:13:05,120 --> 00:13:05,720
Yeah.

403
00:13:05,720 --> 00:13:08,320
Until next time, keep learning, keep growing,

404
00:13:08,320 --> 00:13:29,960
and keep those aha moments coming.