Submind YouTube summaries
Thumbnail for I Missed My Revenue Goal 3 Years in a Row — Here's Why I'm Glad

I Missed My Revenue Goal 3 Years in a Row — Here's Why I'm Glad

Watch on YouTube

Video summary

The speaker reflects on his journey as a corporate keynote speaker, where he set a specific revenue goal for three consecutive years but fell short each time. Rather than viewing these missed targets as definitive failures, he reframed them as essential learning opportunities that fueled significant personal and professional growth. By the fourth year, this mindset shift allowed him to finally achieve his financial target, only to immediately recalibrate and raise the bar even higher for the next challenge. This experience taught him that failure is not a permanent state but a momentary checkpoint on a continuum of progress, serving as a proving ground to determine one's current position relative to their goals. Central to this philosophy is the rejection of childhood conditioning where failure was treated as a catastrophic event to be avoided at all costs. The speaker now actively models resilience for his children, encouraging them to see setbacks as valuable data points that inform future attempts rather than reasons to quit. He advocates for setting ambitious goals that are so lofty they can only be hit about half the time, ensuring that falling short is an expected part of the process rather than a disaster. This approach requires accepting the inherent possibility of missing shots or striking out, much like elite athletes in baseball and basketball who understand that even world-class performers fail frequently yet remain successful because they own both sides of that reality. To truly thrive, one must avoid the trap of lowering standards or adopting an attitude of nonchalance to hedge against failure, as such indifference leads to a hollow and unfulfilling life. Instead, the speaker urges individuals to care deeply about their passions and go all-in on what excites them, fully aware that they might not hit every target. This courage to declare one's importance and pursue goals with fervor creates a rich experience where failure becomes a motivator rather than a demoralizing blow. When outcomes do not align with expectations, the focus remains on the process and inputs, using the result as a measuring stick to reverse-engineer improvements for the next attempt. Ultimately, the speaker emphasizes that true freedom comes from understanding that we are capable of both greatness and mediocrity, and it is okay to own both aspects of the human condition. By focusing on consistency during the unseen hours and maintaining enthusiasm regardless of the outcome, adversity transforms into fuel for moving forward. The concept of the "next play" becomes crucial here; whether it is a missed shot or a failed year, the question shifts immediately to what action can be taken next. This liberating perspective allows individuals to stop worrying about outcomes and instead concentrate on doing their best work, knowing that every setback provides a powerful lesson for future success.
Read the full video transcript
in my own business, in my speaking business. Um, for three straight years, I set a revenue goal of revenue that I wanted to earn as a corporate keynote speaker. And for three straight years, I fell short of that goal. So, one could say I failed, but I learned so many different lessons and grew so much as a speaker and as a small business owner during those years that it allowed me finally in the fourth year to then hit that mark and and finally hit that goal. So, I'm 50 years old. I'm a product I basically grew up in the '80s and in the '90s. And when I was growing up in my household, failure was a bad word. Failure was like the other F word that you would do everything you could do to not fail. That you didn't want to fail a test or you didn't want to get cut from the team or you didn't want because those those were actually bad signs. Um, so I've had to really um, redefine that in my head and And that was to no fault of my parents. My parents did the best they could with the tools they had at that time. But with my children, I'm trying to do things differently and letting them know that hey, failure's just a yardstick. Failure's just a a it's a proving ground. It's it's a way that you can figure out where you are on that continuum of where it is that you're trying to go and that failure is never permanent. And and one of the most important things that um, I try to model for my children, but I hope that they emulate is the ability to be resilient. Is the ability to fail at something, learn a very important lesson from it, and then have the optimism and enthusiasm to try it again. And as you just said, slowly whittle down and course correct until you're going to hit that bull's eye. Sometimes you shoot short, sometimes you shoot long, sometimes you shoot right, sometimes you shoot left. Well, let's learn from each of those and slowly start to whittle it down until we get where we need to be. And we can only do that if if we look at failure as an opportunity for growth, as an opportunity to learn a new lesson, and as long as it doesn't dim our enthusiasm or our optimism, then we can and going. So, to at present, today, I mean, I don't worry about failure at all. You know, I mean, I know even in in my own business, in my speaking business, for three straight years, I set a revenue goal, a revenue that I wanted to earn as a corporate keynote speaker, and for three straight years, I fell short of that goal. So, one could say I failed, but I learned so many different lessons and grew so much as a speaker and as a small business owner during those years that it allowed me finally in the fourth year to hit that mark and and finally hit that goal. But then what I did as soon as I hit that goal is I recalibrated and said, "Okay, I need to change and raise the bar for next year and be able to try and hopefully hit that goal again." So, I didn't allow failing three straight years of hitting that revenue goal to in any way dampen my spirits or my optimism or my enthusiasm. I actually looked at it as a good thing. Like, man, I fell just a little bit short. I was so close. What do I need to do differently next year to maybe get a different outcome? So, for me, I try and lean into that. And And for me personally, I want it to be around a coin flip. I want to set goals so lofty that I only hit them about half of the time, which means in theory, I'm failing half of the time, and I get just as excited when I fall short because I know that there's a way that I can go in and learn a powerful lesson and then do it differently the next time. >> Yeah. And I imagine it's a like I don't want to fail, right? I don't want to fail, but I'm going to set goals so high that if I fail, failing is better than a lower goal and me succeeding. Right? I want to set goals so big, so ambitious that failure is not actually bad. It's just an opportunity for me to grow. >> Yes. >> And I want to put myself in positions where I can fail, where that's a possibility, not because I want to fail, but because I want to grow. And I want my failure because it's going to be inevitable in the positions that I'm putting myself into to not be a slap in the face or something that makes me look down and hold my head, but something that actually motivates me to go forward and be better in the future. >> I love that because as you just said, one of the ways to hedge against failing is to lower your standards and lower your expectations so low that it'd be impossible to fail. But that's not living a fun or fulfilled life. So to me, the higher we can raise that bar and stretch our limits, the better. Now, you mentioned you you have a baseball background. I have a basketball background. Well, failure is already inherently built into both of those sports. I mean, I I don't know near as much about baseball as you do, but I know enough to know that even the best hitters in the world either strike out or get out seven out of 10 times. So if if you can hit the ball or get on base three out of 10 times, you're world-class at your craft, at least at the skill of hitting. So that means 70% of the time you technically failed. Basketball is more of a coin flip. The best shooters shoot around 50%, which means every other shot is going to be a make or miss. And I I think it's important for us to acknowledge, to accept, and surrender to the fact that those are possibilities. You know, of course we don't you don't want to strike out. I don't want to miss a jump shot, but it's important that we own the fact that those are both very realistic possibilities. To me, one of the the traits that the best winners have is the acknowledgement that they can lose, that there is another side of that coin that is possible. And it's being able to play in both of those worlds that's so important. Now, you don't want to lose. That's not your preference, but you better have the humility to acknowledge that it is definitely possible. So, I have the skill sets and the the ability to achieve my speaking goal, but I also have it in me to fall short. Like I have to own both sides of that. And and to me that's that's really important. And it also will relieve some pressure when you can acknowledge and accept the fact that if you're capable of being great, you're also capable of sucking. It is part of the human condition, and it is okay to own both of those things. To me, that's what gives us full expression and full freedom. It's to understand that yes, all of these are possibilities, but I'm going to focus on the things I have control over, especially during the unseen hours. I'm going to be as consistent as possible and I'm going to put myself in a position that gives me the best chance to be successful as often as possible. And then when things fall short and I'm not successful or I fail, whether it's at a single at bat or a single shot or a single year's worth of speaking, then I'm going to be able to look back on that and I'm going to learn some lessons. I'm going to figure out how I can reverse engineer it and and change things and do things slightly differently moving forward cuz what I said earlier is so important. Failure is never permanent. It's a It's It's momentary. And that's really where the entire concept of next play comes in, which I know you touched on earlier, so we might as well swerve in that direction now is is yeah, so I fell a little bit short of my goal. What's the next play? You know, I struck out that at bat. What's What's the next play? I missed that shot. What's the next play? That conversation didn't go as well as I had hoped. What's the next play? And and as long as we're focused on making our next play our best play, then we're not wasting the adversity that we just had. We're not wasting that challenge. We're not wasting that strikeout or that missed shot. We're actually using it as fuel to move forward, which again is such a liberating approach to have because it means I don't worry at all about outcomes. I'm always focused on the process. I'm always focused on the inputs and I can use the outcomes or the results as kind of a measuring stick and when they don't line up the way that I'd hoped, then how can I change something on the process or the inputs to try again and let's see if we can get a better outcome this time. >> Right. And something I noticed about you is you obviously care so much about what you do. And you have this energy that is magnetic as I'm here listening to you. The room is just on fire and something that I see a lot of among young kids when we talk about lowering that bar so that we can hedge against failure is they don't even just lower the bar they act as if the goal doesn't mean that much to them. And so this idea I just wrote it down here of nonchalance is is such this like almost want to be trait among among kids these days among people my age and my peers. And what I find is people act nonchalant so just in case they fail at the thing it never even mattered that much to them in the first place. >> Yes and there's a a few sister words to nonchalance and one of those would be apathetic. >> Mhm. >> Indifferent. >> Yeah. >> And those are definitely not words that I believe will lead to an enriching fulfilling life. Now you don't have to care about everything with with equal fervor like you don't have to be excited about everything in the world but I highly recommend you whittle it down to the things that do excite you. The things that do give you energy the things that you are curious about or fascinated by or passionate about and that you don't take a nonchalant approach to that that you try and go all in and just live with the fact that you could fall short. That that you might not hit your target that you might not get the results that you would hoped but here here's the thing if everything you do has this indifference to it or is somewhat apathetic or you're nonchalant about everything then even when you do hit it it doesn't really matter because you don't really seem to care about it. So to me it takes a tremendous amount of courage to put yourself out there and to tell the world this matters to me and I'm passionate about this and I'm going to go after it with everything I've got and I'm well aware of the fact that I could fall short and I could fail but I'm okay with that because I know that I gave it everything that I had to me that will lead to a much more fulfilling life and I understand logically the nonchalant approach is as you just said. So if I don't reach my goal, who cares? I didn't try anyway. And I've gone through portions of my life where I've had that approach with certain things. And I tell you what, it'll leave you feeling very empty and very hollow. So, I would not recommend taking that approach. I would recommend putting yourself on the line, announcing to the world what you think is important and what really drives you and excites you, and going after it with everything you've got. And if you fall a little short, it's okay. Learn a lesson and try again. Or maybe even learn the lesson that I'm not as passionate about this thing as I originally thought, and maybe this will put me on a better course to try something different. All of these are great options. But to me, indifference and apathy are two words that I hope are never within 7° of of someone describing me. >> Yeah. Some of the best basketball players you've worked with, like Kevin Durant, Steph Curry, were they nonchalant? >> No, not at all. No, they were very shallot in everything that they did. Their approach, but they had also realized, like, I love the game of basketball. This game is very, very important to me, and I want to be the best player that I'm capable of. So, some of that takes, as you said before, some exploration to be able to figure those things out. And I say this with a tremendous amount of love and compassion, is I want folks to give themselves the grace and space and to have the patience that it is okay when you're younger to not know what your thing is, to not know what it is that you want to do. Maybe you haven't found the thing that that makes you want to be passionate and energetic. Maybe most of the things you found, you do feel very nonchalant about, but use that as a as a marker that you're just not on the right path at the moment. So, continue to find things that you you couldn't even try to be nonchalant about. Like, I love what I do so much, there's no way that I could take that approach. Like, it's just it's not in my wiring. I I I really love what I do to the degree that the passion and the enthusiasm is not manufactured. It's just a byproduct of being in positions of doing the things that I love. >> [music] [music]