American Idol 2008 – Illinois author offers lesson about humility
Illinois author offers lesson about humility
PEORIA – Illinois business consultant Barry Moltz noticed people loved it when he talked about his business failures. So he wrote a book about it.
“Bounce” is a book Moltz said “is about accepting failure as a normal part of the process, even when there isn’t something to learn.”
Moltz cites a number of high-profile business failures. “Simon Cowell suffered so much financial trouble in England, he had to move in with his parents before striking it rich with ‘Pop Idol,’ the British show that Fox adapted for ‘American Idol,’” he said.
“J.K. Rowling wrote ‘Harry Potter’ while struggling with depression and living on state welfare. Now she’s the richest woman in England – including the queen,” said Moltz.
Not all the business failures Moltz recounts have happy endings. “Roy Raymond, who founded Victoria’s Secret, sold the company for $4 million. Tragically, he lost all the money, declared bankruptcy and wound up jumping off the Golden Gate Bridge at the age of 47,” he said.
The point of “Bounce” is that it doesn’t matter how many times we fail, only that we succeed once, said Moltz in a telephone interview from Chicago.
“People are always saying that there’s something to learn from failure but sometimes there’s nothing to learn. Sometimes, you need to just take another action. You need to bounce,” he said.
“People in Peoria are no different than others around the country. They need to learn to bounce, especially during these recessionary times,” said Moltz. “If we can let go of our last great business result, we can take an action that will give us the confidence for our next great success.”
Sometimes the problem is a person’s ego, said Moltz. “Humility means admitting that you don’t have the Midas touch,” he said.
Moltz said Americans have to remember that they live in a country that’s more permissive than other cultures. “We allow people to come back from failure in this country,” he said.
As to his title, it’s bounce, not bounce back, said Moltz. “You don’t always come back to where you were. Be ready to adjust to where you are,” he said.
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