Success Need Mistakes

Plans and strategies exists because “everything was figured out. They are based on findings. You have useful and strong facts that establish them. Most of them are structured in a manner that minimize mistakes. However, this does not necessarily eliminate all errors. The best thing that could happen to your business is not mastering plans and strategies. But also mistakes you make. You all know everything is in executions. This is also the place where the best thing that could happen to your business lies.

An example was the Case of a real estate Company that was sued in the US, because of too much debts. The company’s CEO argued that the situation has never happened before. “It was not like people lose their jobs, or fell ill – they simply just left their residences“. These kind of mistakes are huge, but they symbolize how unforeseen problems can jeopardize business’ structures. Even though the real-estate branch causes so much inflation in the world, the problem started earlier than 2008. This was when accommodations became too expensive, and nobody could notice that the “balloon” could burst at any time.

Everyone at the top knows how to lead. But, it does not mean they’d know how to manage. There are consistencies in business – and it is impossible to improve without finding flaws. For example we paid 110 dollars for something we could have gotten for free. We only notice it after auditing and investigating. It is a small amount of money, but if we keep thinking like that, it could become a habit that lead to making a bad decision about larger amount of money.

This mistake reminds us about a previous blog titled “Decision-Making: Critical Key Concept to Success”, where we clearly states that we have to be very careful when purchasing anything. We also say there should be a KPI for it. Unfortunately, the person who paid that amount of money missed the memo. Mistakes help business to learn and improve. It could be noticeable before or after they were made. Without that mistake, we would not have remembered the previous topic, and its usefulness to business. The mistake put more pressure on our abilities to improve our internal infrastructure in making better decisions in the future.

If we cannot be skeptical and handle mistakes – we might not have the abilities to take our business to greatness. It is crucial to be vigilant. Being vigilant allows us to notice potential problems a lot sooner. Mistakes do not condemn us, nor do they prevent us – they strengthen and improve us in ways we might have never thought before. Try to minimize mistakes by learning from it. Don’t let today’s mistakes interrupt your tomorrow’s productivity – use it to improve it.