My Most Expensive Mistake

4 Thoughts

1. Every business owner pays tuition.
   Some pay with time. Others pay with money.

2. The most painful lessons are usually the ones you remember forever.
   They change how you operate.

3. Success hides weaknesses.
   Challenges expose them.

4. Setbacks reveal what your business is really made of.
   Including you.

4 Lessons

1. Not every good opportunity works out.
   That is part of business.

2. Risk never disappears.
   You learn how to manage it better.

3. Experience is earned through action.
   Not observation.

4. The lesson is only valuable if you apply it.
   Otherwise it was just an expensive mistake.

4 Challenges

1. Think about the biggest financial hit you've taken in business.
   What did it teach you?

2. Identify one lesson you learned the hard way.
   Would you make the same mistake today?

3. Look at a current challenge differently.
   What is it trying to teach you?

4. Go back to the email and hit reply.
   Tell me the most expensive lesson your business has ever taught you and what you learned from it.

Quote of the Week

"Success is a lousy teacher. It seduces smart people into thinking they can't lose." - Bill Gates

Every successful entrepreneur has scars.

The difference is some people hide from them.

Others learn from them.