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  • Writer's pictureLindsey Spurway

What do your business mistakes say about you?

"One thing is certain in business, you will make mistakes" - Richard Branson

As a business owner, I'm sure you agree with this statement, right?

It's likely you have made a mistake - big or small - very recently. I know I have.

But making mistakes is ok, because you are likely to learn more from your mistakes than your victories (or i could have just stolen that sentiment from Liverpool FC Manager Jurgen Klopp ... [and no, I am not a Liverpool supporter]).

If you keep winning, there's no incentive to focus on improving. Eventually everyone will catch up and overtake you. You'll be losing business wondering what the hell is happening, why and how you can change things.

But if you lose a few projects or customers, it keeps you on your toes. You'll want to know why you lost. And if you're any good at all, you'll dig into the reason why - was it pricing, services, products, approach, behaviour or something else? Once you understand the why, you will then work to improve things so it doesn't happen again, or at least less frequently.

If you win everything, you will never be prepared to lose, and will struggle to change to turn things around.

If you lose here and there you will always be looking at how you can improve.

And with this I come to today's business tip: Learn from your mistakes.

The best of us will admit to making mistakes, and then be prepared to learn from them. That's the key thing with mistakes. They're ok to make, as long as you learn from them. If you don't, they could tally up to spell the end.

Best, Lindsey

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