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Why You Must Dare to Fail


Thousands and thousands of people who are now enjoying success have attested to having failed many times before they could test the fruits of success. Their reaction to failure has always been the same. They saw failure in a different way, reacted to it with amazing positivity, and regarded failure as a snowball of lessons. It is probably one of the most important factors that have made them what they are today.


If you are afraid of taking risk, you are actually avoiding the fundamental requisite element that guides you towards your success. The fear of failure denies you the opportunity to unleash you potential. Research indicates that the average human being using less than 10% of their potential.


Every single person has so much potential to be able to use in a 100-life times. Fear is one of the biggest factors that diminishes human ability and stands between you and a life of your dreams. Multi-millionaire, entrepreneur, and author Richard Brandson flew thousands of kilometres in a hot air balloon and was rescued by a helicopter after falling into sea. His company Virgin is now flying to space.


I am not suggesting you take extreme ridiculous risks but this a clarion call for you to dare to fail. Somehow men and women who have dared to fail have achieved great things. Failure is a weapon of success, it must be used to achieve, and it should not be a destructive force.  


 Great men and women have seen failure as a definite pathway to success and believed that failure is a starting point to any form of success. While ordinary folks give up, successful people regard failure as a feedback mechanism and use the opportunity to re-strategize and face the future cognizant of what would not work.


The man who discovered the light bulb Thomas Edison when once asked how many times he failed responded by saying “I did not fail a thousand times I just found out one-thousand ways it would not work.” Great men and women have their brains wired to view failure in a different way. Failure tends to toughen their resolve to get what they want.


Their view and perception of the world is so entirely different and traceable in their language that they use. There are very stubborn and stick on their goals and dreams until they achieve them. The ordinary folk stops at the very first hurdle but when great men and women are faced with challenges they remain stuck to the ultimate goals.


They remain so focused on their goals so much that little else on the road side matter. Their eyes are always on the ball. The one thing that they have mastered is the power of persistence. They never give up because nobody has really achieved anything by giving up.


Successful people know that when you fail, you fail at something not everything. Defeat can only be temporary and the measure of a true man or woman is their ability to rise from what looked like impossible positions.


Author of the Classic book Think And Grow Rich Napoleon Hill states that “opportunities have a sly habit of coming misguided as failure or temporary defeat” In what you have deemed failure in the past what were the opportunities, what lessons did you learn and how would you do things differently if you were to undergo the same process?


These are three question that successful people ask themselves when they are facing set-backs. I just want you know that you can react differently to failure. If you don’t see failure differently you will use a few instances to make a judgement call on your abilities, skills and personality.


The end result will be a loss of confidence, low self-esteem and you will be doubtful of your purpose. And I am sure you have met somebody so much dejected by failure that they begin to question their existence on earth. But if they had just reacted differently to failure and regarded it as necessary feedback they would be probably be reacting differently about their purpose.


 Your subconscious through various life experiences will be wired to react to failure in a particular way. You would know of people who react to failure by crying, some become withdrawn, some aggressive and they do this because that is the only way they know of reacting to failure.  All these reactions have been stencilled to the subconscious mind because of our attitude towards failure.


If there is someone who has never failed, it is because they have never tried anything. They go through life cautious and afraid of taking the risks and end up failing anyway. And because they have never experienced failure, it becomes a new devastating phenomenon. Most of people who are failure averse never recover from major set-backs.
Start reacting to fear differently, fear provides lessons and it is a tool to be used to achieve and throw out that fear and start living today.    

Money Mind
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Business

Gambling Authority tender dangles as a jittery lottery quandary

30th November 2020
SEFALANA MD: CHANDRA CHAUHAN

Lucrative and highly anticipated national lottery tender that saw several Batswana businessmen partnering to form a gambling consortium to pit against their South African counterparts, culminates into a big power gamble.

WeekendPost has had a chance to watch lottery showcase even before the anticipated and impending national lottery set-up launches. A lot has been a big gamble from the bidding process which is now set for the courts next year January following a marathon legal brawl involving the interest of the gambling fraternity in Botswana and South Africa.

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The uncertainty of getting the next meal in Botswana

30th November 2020
uncertainty of getting the next meal

Households representing more than half of Botswana’s population-mostly residing in rural areas- do not know where their next meal will come from, but neither do they take into consideration the quality and/or quantity of the food they consume.

This is according to the latest Prevalence of Food Insecurity in Botswana report which was done for the 2018/19 period and represents the state of food insecurity data even to this time.
The Prevalence of Food Insecurity was released by Statistics Botswana and it released results with findings that the results show that at national level 50.8 percent of the population in Botswana was affected by moderate to severe food insecurity in 2018/19, while 22.2 percent of the population was affected by severe food insecurity only.

According to the report, this translates to 27 percent of the population being food secure that is to say having adequate access to food in both quality and quantity. According to Statistician General, Burton Mguni, when explaining how the food data was compiled, Food and Agriculture Organization of the United Nations (FAO), is custodian of the “Prevalence of Undernourishment (PoU)” and “Prevalence of moderate or severe food insecurity in the population based on the Food Insecurity Experience Scale (FIES)” SDG indicators, for leading FIES data analysis and the resultant capacity building.

“The FIES measures the extent of food insecurity at the household or individual level. The indicator provides internationally comparable estimates of the proportion of the population facing moderate to severe difficulties in accessing food. The FIES consists of eight brief questions regarding access to adequate food, and the questions are answered directly with a yes/no response. It (FIES) complements the existing food and nutrition security indicators such as Prevalence of Undernourishment.

According to the FIES, with increasing severity, the quantity of food consumed decreases as portion sizes are reduced and meals are skipped. At its most severe level, people are forced to go without eating for a day or more. The scale further reveals that the household’s experience of food insecurity may be characterized by uncertainty and anxiety regarding food access and compromising the quality of the diet and having a less balanced and more monotonous diet,” says Mguni.

The 50.8 percent of the population in Botswana which was affected by moderate to severe food insecurity are characterized as people experiencing moderate food insecurity and face uncertainties about their ability to obtain food. These people have been forced to compromise on the quality and/or quantity of the food they consume according to the report on food insecurity.

Those who experience severe food insecurity, the 22.2 percent of the population, are people who have typically run out of food and, at worst, gone a day (or days) without eating. According to the statistics, rural area population experienced moderate to severe food insecurity at 65 percent while urban villages were at 46.60 percent and cities/town were at 31.70 percent. Those experiencing the most extreme and severe insecurity were at rural areas making 33.10 percent while urban villages and towns were at 11.90 percent and 17.50 respectively.

According to a paper compiled by Sirak Bahta, Francis Wanyoike, Hikuepi Katjiuongua and Davis Marumo and published in December 2017, titled ‘Characterization of food security and consumption patterns among smallholder livestock farmers in Botswana,’ over 70 percent of Botswana’s population reside in rural areas, and majority (70%) relies on traditional/subsistence agriculture for their livelihoods.

The study set out to characterize the food security situation and food consumption patterns among livestock keepers in Botswana. “Despite the policy change, challenges still remain in ensuring that all persons and households have access to food at all times. For example, during an analysis of the impacts of rising international food prices for Botswana, BIDPA reported that food prices tended to be highest in the rural areas already disadvantaged by relatively low levels of income and high rates of unemployment,” said the study.

According to the paper, about 9 percent of households were found to be food insecure and this category of households included 6 percent of households that ranked poorly and 3 percent that were on the borderline according to the World Food Programme’s (WFP) definition of food security.

Media reports state that the World Bank has warned that disruption to production and supply chains could ‘spark a food security crisis’ in Africa, forecasting a fall in farm production of up to 7 percent, if there are restrictions to trade, and a 25 percent decline in food imports.

Food security in Botswana or food production was also attacked by the locust pandemic which swept out this country’s vegetation and plants. The locust is said to have contributed to 25 percent loss in production.

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Solid demand for diamonds towards the ‘gift’ season

30th November 2020
Diamonds

Global lockdown have been a thorn in diamonds having shiny sales, but a lot of optimism shows with the easing of Covid-19 restrictions, the precious stones will be bought with high volumes towards festive season. The diamond market is however warned of the resurgence of Covid-19 in key markets presents ongoing risks amid the presence and optimist about the new Covid-29 vaccines.

The latest findings published as De Beers Group’s latest Diamond Insight ‘Flash’ Report, which looks at the impact of the pandemic on relationships and engagements, has revealed that in the US that more couples than ever are buying diamond engagement rings. Bridal sales is mostly the primary source of diamond jewellery demand in recent months, De Beers said.

According to De Beers, interviews with independent jewellers around the US revealed that the rate of couples getting engaged has increased compared with the period when Covid-19 first had an impact in the US in the spring.

“In addition, despite challenging economic times, consumers were spending more than ever on diamond engagement rings – often upgrading in colour, cut and clarity, rather than size. Several jewellers speculated that with consumers spending less on elaborate weddings and/or honeymoons in the current environment, they had more to spend on choosing the perfect ring,” said De Beers.

According to De Beers, a national survey of 360 US women in serious relationships, undertaken in late October in collaboration with engagement and wedding website, The Knot. This survey is said to have found that the majority of respondents (54%) were thinking more about their engagement ring than the wedding itself (32%) or the honeymoon (15%), supporting jewellers’ hypothesis that engagement ring sales were benefiting from reduced wedding and travel budgets in light of Covid-19 restrictions.

When it came to researching engagement rings, online was by far the predominant channel for gaining ideas/inspiration at 86% of consumers surveyed, with 85% saying they had saved examples of styles they liked, according to De Beers. According to the survey, only a uarter of respondents said they had looked in-store at a physical location for design inspiration.

“For many couples, the pandemic has brought them even closer together, in some instances speeding up the path to engagement after forming a deeper connection while experiencing lockdown and its associated ups and downs as a partnership. Engagement rings are taking on even greater symbolism in this environment, with retailers reporting couples are prepared to invest more than usual, particularly due to budget reductions in other areas,” De Beers CEO Cleaver said.

According to De Beers Group, its Diamond Insight Flash Report series is focused on understanding the US consumer perspective in light of Covid-19 and monitoring how it evolves as the crisis evolves. Also, the company said, it is augmenting its existing research programme with additional consumer, retailer and supply chain touch-basis to understand the pain points and the opportunities for stakeholders across the diamond pipeline.

Demand for diamonds is as hard and resilient as the precious stone itself. De Beers pocketed US$ 450 million in its recently held ninth rough diamond sales cycle, and the company says it is more flexible approach to rough diamond sales during the ninth sales cycle of 2020, with the Sight event extended beyond its normal week-long duration.

“Steady demand for De Beers Group’s rough diamonds continued in the ninth sales cycle of the year, reflecting stable consumer demand for diamond jewellery at the retail level in the US and China, and expectations for reasonable demand to continue throughout the holiday season. However, the resurgence of Covid-19 infections in several consumer markets presents ongoing risks,” said De Beers CEO Bruce Cleaver recently.

High expectations are on diamonds being a sentimental gift for holiday season or as the most fetished gift. However the ninth cycle was lower than the eighth which registered US$ 467 million. For the last year period which corresponds with the current one, De Beers managed to raise US$ 400.

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