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How to Develop a Healthy Relationship with Failure with Miha Matlievski

Dec 28, 2020

In 2009, Miha Matlievski had four companies go bankrupt overnight. Consequently, he was $5 million in debt. Contemplating suicide to escape the pain as he looked over the balcony, he had a life-saving AH-HA moment. In this moment, Miha realized that failure was a normal part of life. Also, he admitted to himself that he failed. In addition, he recognized he needed to stop blaming others and circumstances. 

Ultimately, this was the turning point. He made a choice to learn from his failures so he could do things differently in the future. Also, he wanted to help others. Since then, Miha has climbed back to create a business and scaled it to 8 figures in less than a year. Finally, his life mission is to help people develop a healthy relationship with failure. Especially entrepreneurs.

 

Episode Highlights:

  • First Miha explains what happened to his businesses in 2009.
  • He unexpectedly lost 4 companies. 
  • Also, he was $5M in debt and his marriage ended in divorce.
  • He received threatening phone calls.
  • Miha thought about how to solve his problems.
  • Then he slipped into depression. 
  • In early spring of 2010, Miha contemplated suicide.
  • Then his ah-ha moment came. 
  • Next Miha explains his thoughts about failure.
  • Establishing a healthy relationship with failure is important to success.
  • Furthermore, Miha wants us to break the taboo that failure is bad.
  • The more you embrace failure the faster you'll achieve success.
  • How does Miha recommend someone start changing their mindset around failure?
  • Get comfortable with being uncomfortable.
  • Meditation and reflection is important too.
  • Miha and Emily talk about the importance of reflection and journaling.
  • Then Miha explains we must take the next step after journaling.
  • The crucial step is to make an action plan.
  • Set a goal - establish a process aligned to achieving that goal.
  • Also, look online for help or invest in a coach.
  • You must know yourself and the emotional WHY behind what you're trying to accomplish.
  • An emotion more painful than the pain of not doing it.
  • Find a positive emotional connection - the stronger the better.
  • Failures Anonymous and his work with Animal Rescue are Miha’s  two whys.
  • Next Emily gives an example of what some people might think is a failure but she thinks it's a pivot. She asks what Miha thinks about it.
  • Miha shares his thoughts on Emily's example.

 

Resources Mentioned: