Have you made a lot of mistakes running your small business? Don’t worry…you are not alone in that regard. Small business owners make plenty of mistakes starting and running their businesses, but it’s the ones who learn from their mistakes who prosper.
If you are afraid to make mistakes, you probably won’t be successful. Not everything you do is going to work out the way you wanted. Making mistakes is part of the process of running a small business, and learning from your mistakes gives you an opportunity not to make them over and over again. Dale Carnegie once wrote that “the successful business person will profit from their mistakes and try again in a different way.”
So what are you learning when you make mistakes?
It’s never easy to admit you’ve made a mistake, but it is a critical step in learning and improving your small business. Smart small business owners admit their mistakes easily and know that improvement can only come from learning from their mistakes.
The larger your ambitions, the more dependent you will be on your ability to overcome and learn from your mistakes. Stop thinking of your mistakes as failures, they’re not. Look at mistakes as gaining valuable information that will help you make better decisions in the future. Recognize you made a mistake, pinpoint the cause, and then apply what you have learned when making business decisions in the future. Learning from your mistakes will help your small business prosper.