Do you make mistakes in your business?
Of course we all make bad decisions or get distracted from time to time after all we are human!
What I really mean is do you think of them as mistakes or opportunities to learn?
The biggest and best businesses have made thousands of mistakes, what they have over the many businesses that don’t succeed is the ability to recognise it, put it down to experience then move on to bigger and better.
It isn’t the mistake that matters but the way you handle it.
Bill Gates (Microsoft) says “you can learn a lot from failed endeavours.” If world famous billionaire Bill Gates had given up at his first mistake we wouldn’t have microsoft!
He started ‘Traf-O-Data with his friend Paul Allen which was meant to be a way to automatically read local Government traffic paper tape counters. They had an unfortunate issue though when the Washingotn State government made a decision which wiped out the need for their software. But together they saw it as an opportunity to learn, and went on to develop a new software which they called ‘Micro-Soft’. And the rest as they say is history!
Anita Roddick (The Body Shop founder) says “Don’t let minor setbacks throw you off course.” If she had then she would have given up at her first shop!!
In 1976 Anita Roddick opened her first shop in Brighton, calling it simply ‘The Body Shop’. She faced big objections and problems because to neighbouring funeral directors wanted her to change her name, making her start up far from smooth. The name choice could have been a mistake. She could have given in to pressure but instead she fought back, using the local media to highlight the problems and used the publicity to increase footfall to her shop. By the early 1990s she had more than 700 outlets.
I know these are BIG business examples, but they weren’t big when these issues happened.
So next time you discover a problem, or you make a mistake, or you are getting frustrated. Stop and look at is as an opportunity to reassess.
Everyone makes mistakes or bad calls, so it is very likely that someone else has already made those mistakes – so you don’t have to!
So use this to your advantage! Make sure you network, talk to others in your industry, share experiences; surround yourself with people who have been where you have been, or are doing what you want to do and learn from them.
In all honesty the road to success is paved with mistakes and failure. And this is not a bad thing, in fact it is fantastic!
Why fantastic? Because the best lessons are learnt from errors!