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Current DateTime: 08:38:53 29 Nov 2009
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THE BIG IDEA: VIDEO


Current DateTime: 08:38:53 29 Nov 2009
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    • A Secondary Financial System?  11 Nov 2008

        America speaks out with their solutions to the country's economic crisis and Jeremy from New York offers an unconventional, although historically relevant solution.

    • The Need for Transparency  05 Nov 2008

        Donny Deutsch, Jim Cramer and Dylan Ratigan debate the possibilities for transparency and suggest solutions for the country's struggling housing market and unprecedented government actions.

    • Senator John Kerry  23 Oct 2008

        Donny Deutsch and Larry Kudlow question Senator John Kerry (D-MA) Chairman of the Senate Committee on Small Business and Entrepreneurship, on the state of the economy and the outlook for small businesses.

THE BIG RECAP


Current DateTime: 08:38:54 29 Nov 2009
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May.27
5:40 PM ET
Tuesday, 27 May 2008
Suzanne Mulvehill - The Fear of Failure

1. How to recover from failure and get back on the road to success...

a. Love yourself through it. First and foremost - love yourself - give yourself a hug for your
effort - be good to yourself - no matter what! You tried and that is what matters...just try a different way next time.

b. Expand yourself from the failure. Accept failure and keep going -  Now you know what failure feels like. It's okay, you didn't die from  it. The key here is to keep going - will you give up here? You do get to choose. I know a man who started a business and it failed, so he went to work with his father - that was 30 years ago and he's still in  a nice and safe job. He consciously or unconsciously decided NOT to expand from failure. We can either shrink or expand from failure - we  get to choose.

c. Learn from the failure - what will you do different this time? We  learn more from failure and from things and situations that challenge  us than from dealing with easy situations. Success has come to me through difficulty, through challenges, through pain, through fear, through failure, through courage, success is an outcome of  perseverance.

d. Find a failure mentor - I think of Mr. Heinz - from Heinz ketchup - that little pickle on EVERY bottle of Heinz ketchup is  reminder to me that greatness if often followed by failure. Mr.  Heinz went bankrupt and was 20,000 in debt in 1869 with the failure of his pickle company. What did he do? He started a ketchup business! And we all know of Heinz ketchup – it’s worldwide.

e. Embrace your fear of failure. Change your thinking about failure -  look at failure as a stepping stone to success. Redefine your idea of failure. For example, for years I thought I would fail. I saw myself  as a bag lady with two small children. Fear and failure seem to entertain each other. If I didn't want to look at my fear, thoughts of failure would creep in.

f. Create a healthy self dialog - I have to do this all the time.  Okay, so this didn't work - it's okay, Suzanne. What did I learn from this? Then I say my mantra, "If I am making mistakes I am making progress, it's only when I repeat the same mistakes that I am staying stuck."

g. Go out and scare yourself - do things that stretch your limits - and stretch yourself regularly - expand those limits in small ways, so you can expand them in ALL ways. For example, in 1993, the first day on the job, I had a panic attack and fell on the ground - and actually  threw up too - it was one of the most embarrassing times in my life. I wanted to quit, hide, ANYTHING but keep going. But I went back to work the next day and had a panic attack and the next day and had a panic attack and so on and so on... I had many, many panic attacks - but they didn't stop me I was promoted within three months to supervise a department of 250 people and still had panic attacks. I've have had to stretch my limits - beyond my comfort zone. Think about it - I speak professionally today - I own a training company - how did I do it? - By stretching myself - be being uncomfortable A LOT.


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