When we take the time to really dig into "failure" we discover that it really isn't failure at all--if anything, it's a key to unlock greater learning and exponential impact. The best tool to do this is a failure audit. In this podcast, I walk through the three primary components of a failure audit to bring about the biggest impact in our lives and those around us.

Key takeaways include the four questions for a failure audit:
1. What happened?
2. Why did it happen?
3. What did you learn?
4. What will you do differently next time?

Failure audits begin with examining a failure we have experienced ourselves, and then move to key interviews with other people, before resulting in patterns and insights.

Redefining failure is one of the key steps in increasing our entrepreneurial mindset.

In this episode of the Entrepreneurial Mindset for Transformative Education podcast, Stephen Carter discusses the transformative power of redefining failure and its essential role in growth and education. He emphasizes that failure should not be viewed negatively, but rather as a necessary component of learning and improvement. By adopting a growth mindset and embracing the concept of continuous improvement, individuals can foster resilience and progress. Carter also explores practical strategies for rethinking assessments and feedback in educational settings, ultimately advocating for a shift in mindset that prioritizes action and reflection over perfection.

Key Takeaways

• Failure has been identified as something bad, something to avoid.
• Failure is an element necessary for growth.
• Comfort and growth can't coexist.
• True failure is if we never tried in the first place.
• The entrepreneurial mindset can be taught.
• Failure is necessary for learning and growing.
• Continuous improvement means we're never going to fully arrive.
• Redefining failure means moving away from perfection as the goal.
• Wisdom comes from evaluated experience, not just experience.
• Using growth mindset language creates a culture for redefining failure.

In this episode, I include the full audio from my breakout session at the CESA Symposium where I discuss how the entrepreneurial mindset offers a transformative approach to education that takes students from "surviving" to "thriving" in face of volatility, uncertainty, complexity, and ambiguity. This talk focuses on how schools can engage in meaningful entrepreneurial education on their K-12 campuses in order to truly engage students.