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Learning from Your Mistakes Will Help You Grow Your Business

Most entrepreneurs are perfectionists, which puts additional pressure on them. Trying to avoid making mistakes no matter what, can be exhausting and limiting. Risk takers are the ones, who succeed. These, who aren’t afraid to fail, are more likely to achieve growth.

Making mistakes isn’t the worst part – not learning from the mistakes you make is what you should avoid. But how can one learn to embrace failure and find the strength to move on after the lesson is learned?

Learning from your own experience and the experience of others and the way they handle failure are very powerful ways to forgive yourselves for making a mistake, to get your strength back and keep moving forward towards growing your business.

Here is how embracing your mistakes can help you grow your business:

Learn to take responsibility:

“If I have made a mistake in the design, then I’m the one who should pay for it. I certainly would not ask somebody else to fly a plane if I were afraid to do it myself.” Howard Hughes

Learn to make better-informed decisions, especially when it comes to building your team:

“The biggest mistake was that I didn’t hire all the right people. I should have done better reference checks. I should have defined the roles in a much more professional manner. I hired people who just couldn’t do the job.” Lilian Vernon

Learn to pay attention not only to what you are doing but also when you are doing it:

“Our shipment of mowers was lost at sea and while we waited, winter descended and covered our green lawns with snow. That taught me a key lesson, the importance of timing. The shipping company lost the lawnmowers! By the time they showed up no one wanted them, as you can’t cut grass when it’s covered with snow.” Terry Matthew

Read also: 7 Mistakes Entrepreneurs Make When Pitching Investors
Learn to be more humble – in the business world full of arrogance, humble entrepreneurs go a long way:

“One of the great things about being willing to try new things and make mistakes is that making mistakes keeps you humble. People who are humble learn more than people who are arrogant.” Rich Dad

Learn to accept and expect change:

“If you’re going to be a successful entrepreneur, you’re going to have to be somebody who can tolerate a high rate of change, you have to be willing to put a lot more hours into it, you have to tolerate the fact that you’re going to make more mistakes and have a culture that responds to that.” Trip Hawkins

What is the biggest mistake you have made so far? What did you learn from it?

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