Mistakes are inevitable – in life and business. No one likes to be the progenitor of a faux-pas, but the fact is, the aftermath of a mistake creates some of the most fertile soil for experience and growth.
In my own professional experience, I made a decision to step away from my established, flourishing business to take an executive position with a Fortune 500 organization. Actually, the plan was to keep my hands in both, but my newly assumed role soon proved to be too much to share with my company.
I did great while I was there and I thrived for two years in that role. Everything was great…until the leadership structure changed and I decided it was time to go back to being an entrepreneur. The time away devastated my business and I found myself coming back to an infrastructure that was a shell of its former glory. It took a fairly long time to re-establish my firm and in hindsight, it was a terrible decision! But, it taught me valuable lessons that helped me to make better decisions to this day and that is invaluable. What mistakes have you made in business that made you better or stronger afterward?
*Bonus: For great insight, check out this article by Cory Crosby and Sean Spence (Columbia Tribune, 2018).