Recover from Mistakes

Some Entrepreneurs are just too much of perfectionists. But, they can’t afford to be so!

Entrepreneurs often try not to make mistakes. Sometimes they try too hard. Is this a good thing? Not making mistakes is good, but trying too hard not to make them could be counterproductive. Trying too hard to avoid mistakes often causes them.

Instead learn to recover, somewhat quickly, from mistakes. If one accepts that mistakes will happen, then the correct mindset should be to develop a process to recover from mistakes.

For Entrepreneurs this is even more important. First, they need to recognize that a mistake was made. If not, they might proceed too far down the wrong path costing them time and resources. Second, Entrepreneurs should train their people to recognize mistakes. Finally, they need to develop a well thought-out process to not only recover rapidly from mistakes, but also to learn from such mistakes and implement internal controls to avoid such faux-pas in the future.

Do the Right Things by recovering quickly and learning from mistakes.

Ravi Patel

http://www.patelCFOservices.com

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4 CommentsLeave a comment

  1. Awesome lesson learned thanks for the insight was really helpful.

    I totally agree that the surest way to be making progress while learning to become an entrepreneur is to realize your mistakes and learn from it right away and carry on.

    • Thanks Andrew. A lot of Entrepreneurs learn your point of view the hard(and long) way.

      • Lol I am not surpirsed, because I run into them all the time while I am out there building relationships.

        anyway I understand where you are coming from and anyone who will give your post an honest look into it will learn something insightful to their future.

  2. We are a bunch of volunteers and starting a brand new
    scheme in our community. Your web site provided us with helpful information to work on.
    You’ve done an impressive process and our entire neighborhood will be thankful to you.


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