Mediocre Success Is Worse Than Failure

Recently I read intersting article and wanted to share my thoughs on. It’s my first content peace here. Wanted to remember it after awhile

If you've been following the business landscape for a while, you're probably aware of how our collective mindset puts a lot of weight on 'success' and 'failure.' But today, I'd like to dig into something that doesn't get talked about often: the peril of mediocre success.

I recently read an insightful piece on Every by Abraham Thomas, and it sparked some thoughts that are very much aligned with my own experiences and knowledge building companies and bootstrapping; I really like this statement - “being capitalist without any capital.”

Midjourney/prompt: "mediocre success"

Mediocre Success?

At first glance, let's define what we mean by 'mediocre success.' It's not about being average in a sea of competition; instead, it's about achieving just enough to get by but not enough to make a significant impact. It's like being Luke Skywalker without the Force; you're on the journey but not quite hitting the mark.

So Why is Mediocre Success Dangerous?

1. Complacency: It's easy to get complacent when you're somewhat successful. You're not failing, so there's no urgent need to pivot or shake things up. This stasis is the death knell for innovation.

2. Resource Drain: Mediocre success usually comes at a cost—a continuous investment of time, money, and resources without the ROI to justify it. It's like pouring water into a sieve, expecting it to hold.

3. Opportunity Cost: Every day spent in a state of mediocre success is a day not spent reaching for greater heights.

4. Mental. The mental aspect of mediocre success is subtly insidious. It's that quiet voice in the back of your head telling you that "it's not so bad" or that "you're doing okay." This comfort zone can be as addictive as any drug and equally stunting to your growth.

The Pivot

Now that we've defined the problem, what's the solution? Simple. Reflect, Realign, Re-strategize. Don't be afraid to go back to the drawing board. Companies like Slack weren't built in a day; they pivoted from less successful ventures. Have a think about Matthew McConaughey. The guy went from rom-com regular to winning an Oscar once he decided mediocre was not his jam.

Take-Aways

In the path of entrepreneurship, it's vital to aim not just for success but for meaningful success. Don't get stuck in the middle. If you're going to fail, fail spectacularly so you know what doesn't work. And when you succeed, make sure it's so big that it moves the needle, not just for you but for your industry.

I would also add the following: It matters in what circumstances you are defining your success. Sometimes, you need an outside perspective to see clearly. Consult mentors, peers, or even your team to understand if you're in a mental rut of mediocrity.

Until next time.

Vlad