I failed – and it brought me here

Dan Miller —  December 13, 2012 — 10 Comments

I just did an interview with John Lee Dumas from EntrepreneurOnFire. One of the questions John asked me was this:

“Take us to a point in your journey when you failed or when you had a challenge or an obstacle that you just really had to overcome, and then take us through how you overcame that obstacle.”

My response:  Well, it’s not difficult to find one, or two or five. There’s certainly one Dan - web2that comes to mind. I say that in joking because I don’t trust somebody who’s never had a failure. It’s kind of like a high jumper in the Olympics. If the high jumper always clears the bar, you don’t really know how good they are. It’s only when they trip the bar that we have some measurement of how good that person really is. So I don’t fear tripping the bar. It just gives me some direct feedback about, okay, there’s a point where if I’m going to go beyond that, I’m going to have to learn some new things. Being an entrepreneur, I’ve done a lot of different things. I have had an auto business and auto accessories and motorhome rentals. And then I had an opportunity to buy a health and fitness center. Well, I didn’t know anything about the health and fitness industry, but the bottom line looked just amazing, the cash flow of just selling people these memberships coming through. And so I bought this health and fitness center.

Well, I realized pretty quickly I didn’t really have any passion for it, which should have been a red flag. But I kept in there. I made some changes too quickly that affected cash flow, and at the same time, the bank that I was dealing with changed ownership three times in two years. So all of my good old boy handshake relationships were out the window. The bank got nervous. The new ownership looked at some of the open lines of credit I had, called some notes, put me in a really untenable position. I ended up selling that business at public auction. Again, I wasn’t real panicked along the way, but at the end of the day, I didn’t have a business and I owed about $430,000. A lot of that to the IRS, which certainly isn’t going to go away.

I was encouraged to file bankruptcy, but I just couldn’t bring myself to do it. My attorney said, “Hey, it’s a corporation. You just file bankruptcy.” I was raised Mennonite. When I said my dad was a pastor of a church, we were Mennonite. My grandparents were Amish. And if there’s one thing Mennonites are known for, it’s keeping their word. I thought, “Golly, if I gave my word to somebody and then don’t keep it – just dig a hole and push me in now. I’m no good.” So I did not file bankruptcy and I thought, “I’ve got to figure this out. I’ve got to get out of this.” So we did lose our house, our cars. I borrowed an old rental trip car from a friend. I got a commission-only sales job to start getting back on the road again. So it was a tremendous failure. I mean I lost everything that I had accumulated and then had that severe debt on top of that.

But here’s really the principle. In that period of time, I mean knowing that I’m a business guy, I always thought the way to grow a business was to get bigger buildings and more employees. In that period of time and doing some real serious research and brainstorming with other people, I discovered there are some ways to grow businesses where you don’t need bigger buildings and more employees. I thought, “You got to be kidding me! This is amazing!” So today I’m a speaker, coach and author. I leverage intellectual property. It blows my mind what we’re able to do. I’m able to do something once and get paid 10,000 times. How many people have the privilege of doing that? So here’s my point. Yes, I failed, but could I have ended up where I am today without going through that experience? So I frame failure in a different way than most people. Rather than that’s stopping me, I look at that and think, “Wow! What is this a stepping stone to? What lesson am I learning here?” So it was a failure as other things along the way, and I won’t bore you with all those details that have been, but at each step, I look at it differently because I know that you can’t get to success without those stepping stones that other people call failure.

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We talked about my biggest AHA insight, my favorite quotation and a an “I’ve made it experience.”

You can read the entire interview or listen to it here – Dan on EntrepreneurOnFire

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  • http://twitter.com/BradVoigt Brad Voigt

    Thanks for being so honest! I sure do appreciate your coaching!

  • Frank Castle

    I’m in a similar position, though not as drastic. I’m having a hard time finding work at the moment, but have been learning so much about careers, networking, job skills etc… being on sites like this. I was comfortable at my old job, which I quit, but never would have had the growth had I stayed there. As soon as I get back on my feet I’ll literally have ten times the career skills as before.

    • 48DaysDan

      Frank – sounds like you’re on the path to your own unique success.

  • http://twitter.com/DeafMom Karen Putz

    Dan, thanks for sharing. I love this: ” If the high jumper always clears the bar, you don’t really know how
    good they are. It’s only when they trip the bar that we have some
    measurement of how good that person really is. So I don’t fear tripping
    the bar. It just gives me some direct feedback about, okay, there’s a
    point where if I’m going to go beyond that, I’m going to have to learn
    some new things.” Profound lesson in there!

    • 48DaysDan

      Karen – oh yeah, I look at those experiences much differently than most people. And that’s open me up to most of the great things I have in place now.

  • http://www.facebook.com/profile.php?id=549113262 Jared Angaza

    Great post dad. I remember you walking through all of this, and I’ve used this story 1,000 times over the years to articulate what it means to persevere, learn from failure, keep your word and never give up.

    It’s played a big role in my perspective that (perceived) failures are actually necessary stepping stones to our success. Without them, we don’t grow or find out who we truly are.

    And I agree, without my trail of “failures”, I’d never be where I am now, with the peace and understanding I have about life, business and relationships. Our failures don’t define us. It’s how we react to them that matters most. You’ve certainly been a shining example of this, and always an inspiration for me to press on, learn and grow.

    • 48DaysDan

      Jared – thanks for your comments. I’m not sure when I learned that lesson, but seeing “failures” as stepping stones to ultimate success has probably been one of the most important ones overall.

      • http://www.facebook.com/profile.php?id=549113262 Jared Angaza

        I used your high jump analogy yesterday for teaching Francois a lesson on why it’s important to “push to failure”, which I talk about often. I feel that is the only way to discover something extraordinary. If you don’t push to the point of failing from time to time, you never find out how far you can really go. If you play it safe, you get safe results. If you push, you may discover something you never dreamed was possible.

        The high jump analogy seems to have worked for him better than anything else I’ve ever used to explain this. Thanks!

  • http://www.markjcundiff.com/ Mark J Cundiff

    Dan,

    This is a really great post! A great reminder that perseverance is one of the core traits that all great successful people have in common! Thanks for sharing your struggles and failures in a way that inspire all of us to keep reaching and striving for our dreams.

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