Learning from mistakes and moving forward

shutterstock_244632910We’ve all done it and not just when it comes to decisions. No-one is perfect and making mistakes is part of life’s tapestry. It’s not the mistakes you make but how you deal with them. If you don’t make mistakes, particularly in business, you won’t learn lessons that will help you to progress and improve how you do things.

Making mistakes in business is part of the learning curve

Don’t be afraid of making mistakes. Many individuals are so afraid of this that it deters them from starting a business in the first place. It’s how you tackle the mistakes that will make the difference between success and failure.

Recognising the mistake and accepting responsibility is the first step

Are you the type to recognise the mistake and accept fault or will you blame others and try to brush it under the carpet? The first important step is actually realising the mistake that has been made and why it occurred.

Imagine you have placed an order for 500 envelopes and 5,000 arrive. Now this isn’t a major mistake but it is 10 times more than you needed and 10 times more than you intended to spend. How will you deal with this? Will you blame the supplier or perhaps a member of staff or will you accept the blame and ensure that you have final sign off next time?

Now ordering too many envelopes is a fairly small mistake in the grand scheme of things but it will help you to avoid making a bigger mistake in the future. Some mistakes will be a lot larger. You may make a bad choice when making an investment or you may hire the wrong member of staff for an already small team. These mistakes take a lot more to deal with and will cause more worry and anxiety but they are not insurmountable.

If you spend time worrying about making mistakes how will you achieve your potential?

It takes all sorts to make a successful business. Those who like to take risks without worrying will have different problems to those that worry too much and don’t take risks. Of course we are not suggesting that you throw caution to the wind and start taking risks. Perhaps you could challenge yourself to take a small risk and accept that it could go either way. If you are measured and approach it with caution the benefits could surprise you. If it doesn’t go your way what is the worst case scenario?