Why Mistakes Are Essential To Business Growth

Sep 5, 2019 | 0 comments

In business, mistakes tell us a lot about our company and ourselves.

They can steer your project in the right direction and help you build new systems when old ones fail. They change your perspective and challenge you to see the bigger picture.

Here are the reasons why mistakes are often the gateway to success.

Mistakes Teach Us A Lot 

When doing something for the first time, it’s normal to make mistakes. They tell us what works and what doesn’t.

Through analyzing our mistakes, we can learn:

  • Why certain mistakes occur
  • What we can do to prevent them
  • How we can handle the same mistakes in the future
  • Where our vulnerabilities are

The answers to questions like these are essential to growth and if addressed correctly, will lead to fewer mistakes in the future.

Mistakes Tell Us To Take Our Time

Rushing, procrastinating, and attempting to multitask are some of the most common reasons for errors in business.

“When you slow down, you allow yourself more time to absorb information and process ideas and concepts. Knowing a bit more info in any situation might prevent you from making a potential error…or two!” – The Order Expert

So when mistakes happen, it’s time to slow down and take a step back.

Mistakes Challenge Us To Be More Understanding

Whether it is self-compassion we’re lacking or the inability to see from another’s perspective, mistakes help us understand ourselves and our peers.

If you or someone on your team is making repeated mistakes, you can investigate and learn. Why? Because good workers, especially the ones you respect and have worked with for a long time, have good intentions.

“If we look closely at our own past, we realize that most mistakes have pretty good explanations. Who hasn’t done something stupid in a moment of panic, overwhelm, or fear?” – Jonathan Vieker

Mistakes help you to look at problems in a compassionate way.

Mistakes Humble Us 

When we make a mistake in business, we are put in a position to question our methods at a deeper level. In simple words, it humbles us.

Following a mistake, “we land in a place of teachability, a place in which we’re more receptive to new influences and perspectives. Call it necessity or humble pie.” – Mark’s Daily Apple

Humility is an important part of being able to conduct good business. It forces us to realize our limitations and cope with them.

Mistakes are often symptoms of larger issues. Some mistakes are due to carelessness. Others are an inevitable part of learning a new skill. But whether it’s a product, policy, or person that’s gone awry, mistakes always demand a closer look.

As is often stated, in business and in life, we learn more from our failures than our successes. Mistakes help us gather useful information. Information that is necessary for our continual growth and the growth of our business.

If you have questions or would like more information, I’d be happy to help. Please send an email, and my team will get in touch with you!

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Written By Cameron Herold

Written By Cameron Herold

Cameron Herold is known around the world as THE CEO WHISPERER. He is the mastermind behind hundreds of companies’ exponential growth. Cameron’s built a dynamic consultancy: his current clients include a “Big 4” wireless carrier and a monarchy. What do his clients say they like most about him? He isn’t a theory guy—they like that Cameron speaks only from experience. He earned his reputation as the CEO Whisperer by guiding his clients to double their profit and double their revenue in just three years or less. Cameron is a top-rated international speaker and has been paid to speak in 26 countries. He is also the top-rated lecturer at EO/MIT’s Entrepreneurial Masters Program and a powerful and effective speaker at Chief Executive Officer and Chief Operating Officer leadership events around the world.