Turning Business Mistakes Into Opportunities to Fuel Growth  

business mistakes

Learning from mistakes can drive new small business strategies and best practices. 

 

In the midst of starting a business or embarking on a new venture, things may not always be perfect. But if it was easy everyone would do it, right?

We’ll take a look at three tips to help turn mistakes or mishaps into opportunities to learn, grow and develop.

Let’s face it. Sometimes things don’t go according to the plan (“stuff” has hit the proverbial fan). You make mistakes. You feel like you’ve let your team down. You wish you could hit the ‘redo’ button.

But the reality is this is inevitable — especially in the startup or new business world where you’re moving 100+ mph on what feels like a frequent rollercoaster. Moving between product launches, client meetings, business development and more. 

Truth is, without mistakes, how would we learn?

How would we discover what to change or improve? Or uncover something you’ve been missing for your business? 

As H. Stanley Judd said,

Don’t be afraid to fail. Don’t waste energy trying to cover up failure. Learn from your failures and go on to the next challenge. It’s OK to fail. If you’re not failing, you’re not growing.

Or Elbert Hubbard

The greatest mistake a man can ever make is to be afraid of making one.

Or Teddy Roosevelt…

The only man who makes no mistakes is the man who never does anything. Do not be afraid to make mistakes providing you do not make the same one twice.

While easier said than done, it’s important to try and look at mistakes as opportunities to:

Stop, reflect and realign
Let’s face it, everyone is busy.

Projects, proposals, deadlines, client meetings. The list goes on. We’re all moving so fast — and while exciting, it's inevitable something may slip through the cracks.

Take it as a reminder to pause. Is what’s top of mind actually the most important? Are you directing your energy on the most important things for your business?

Reflection and refocus are key.

Try this:

Take a look at your current list of priorities and activities.

Map out what can be done quickly, and knock those out. Better to cross them off the list then delay. Also map out the high impact activities that will require more of your time and attention.

Blocking off  “busy” time on your calendar can be a helpful way to carve out time to properly focus on the big ticket items. 

Next- Learn (try this) and Move Forward (try this)

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About the author

Dan Nieves

Dan is Chief of Staff at Frame.io, a video review and collaboration platform for the creative community. Prior to Frame.io, Dan headed up Market Engagement at Zinc, an enterprise startup transforming how we communicate in today's mobile workplace. Before his time in startups, he spent four years at Deloitte as a strategy consultant where he helped clients transform their organizations through the use of digital technology. Dan graduated summa cum laude from Loyola University Maryland. Born and raised in New York, he recently returned and is now residing in Manhattan. 

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