2009 Review Part 1: FailureBefore writing my goals for the next year, I make it a habit to review the current year.  This helps me to take stock of what worked and what didn’t.  It also provides useful points of comparison over several years that reveal longer-term progress, or lack of.  Here’s a simple but effective framework to help your annual review.

Article Version: 1.1, 29th December 2009

A framework for your annual review

The framework I use is very simple.  It’s presented as four key questions:

1. What were my worst failures?

2. What were my biggest lessons?

3. What were my sweetest wins?

4. What were my greatest moments?

Although I usually apply these four questions firstly, to my life overall, and secondly, to my business overall, because this is my first year on-line, I have decided to focus this post on my experiences on-line. I will post my answers to all four questions as a series of articles over the next few days.

Part 1: My 10 worst failures on-line in 2009

1. Failing Marketing 101

I have failed to identify my target audience.  Coming from a sales and marketing background, not being crystal clear on who the RADSMARTS target audience is has been a source of on-going frustration.  I have been flying blind and this has resulted in this blog being essentially invisible in a vast ocean of over 200,000,000 blogs.  Please note that I write this with the greatest respect to the people who have visited RADSMARTS.

2. Failing financially

I have failed to make a single cent on-line.  One of my main reasons for going on-line was to monetize the huge amount of intellectual property I have developed and accumulated over the past two decades.  It is now obvious to me that I have completely underestimated what it will take to do that.  Clearly, it’s going to take more than 6 months (I started on-line in late May 2009).

3. Failing to niche

I have failed to decide on a single-minded niche for this blog.  Currently, it seems to be stuck at the intersection of ‘business development’ and ‘personal development’ – two very different worlds.  Although I’ve experimented with various tag-lines for RADSMARTS, they have been far too general for my liking.  The current line: ‘business development ideas that boost your performance’ is just an interim step.

4. Failing to focus

I have failed to focus the content offered on this blog.  Currently, it’s a scatter-gun approach with posts across a range of unrelated categories and topics including communication and selling skills, business and financial management, innovation and creativity, and personal productivity to name a few.  This ‘trying to be all things to all people’ approach is anathema to my mantra of ‘have a diamond-tipped focus’.

Obviously, this point is related to Failures 2 and 3 above.

5. Failing sustainability

I have failed to develop a sustainable approach to blogging on RADSMARTS.  My rate of posting has ebbed and flowed as I have experimented with different ideas.  Just as I started building up a bit of an audience, my output dropped off, and the audience disappeared with it.  With a goal of building up a livelihood on-line, I will need to find an approach that can be sustained long-term.

6. Failing to learn SEO

I have failed to learn a thing about SEO.  My reasons for ignoring SEO are related to Failures 1, 3 and 4 above.  I rationalized that there was no point in implementing a search term strategy if I wasn’t clear on my audience, niche and content focus.  After talking to SEO professionals, I now realize that this was a flawed assumption that has probably cost me dearly.

7. Failing to stop tweaking

I have failed to stop fiddling with the look, feel and functionality of this blog.  Call it perfectionism, ignorance or the curious infatuation that comes with having a new and exciting project, I have spent far too much time and cash tweaking RADSMARTS at the expense of other key priorities, such as those listed above.

8. Failing at Social Media

I have failed to develop an integrated on-line approach using key Social Media sites (excluding Twitter).  My attempts to make effective use of Flickr, Friendfeed, Facebook, Posterous and Stumbleupon have all flopped – primarily because of my inability to get them working properly individually, and as a part of my overall on-line strategy.

9. Failing at Linked-in

I have failed to achieve any benefit from Linked-in.  Yes, I have set up an account.  Yes, I have completed my profile, and even joined some groups.  However, for the time and energy invested, I’m still not sure why I’m even using it.  The key reason for this is that I have not made it a priority to learn how to get the most out of Linked-in.  This would be the same situation for the Social Media sites mentioned in Failure 8 above.

10. Failing at failing

I have failed to fail enough!  As a trained scientist, I have always respected the value of failure as a fast-track to success.  Whilst preparing this list of failures, it became painfully obvious to me that I had in fact played it safe and not really risked at a level that could have delivered some serious results – successes and failures.

In summary…

I can’t reiterate the value of taking an honest and open failure-review as part of your goal setting process.  It not only helps you focus on the key issues, but also helps minimize your personalization of failure – a very healthy side-benefit.

Your experience and opinion

  • What’s your response to the idea of reviewing and critiquing your failures?
  • What are some of your worst failures of 2009?
  • Have you played it safe, or pushed the failure envelope way too hard?

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