Mistakes are certainly an unavoidable part of life, and small business owners are likely to experience more than their fair share from time to time. While I just noted that “mistakes are unavoidable”, it is more accurate to say the following:
- Mistakes are inevitable.
- Some mistakes are avoidable.
- Individuals should always try to learn from their mistakes.
Learning from mistakes is of course easier said than done. I have reviewed a wide variety of books about mistakes, and I have published a concise summary of what I found and recommend based on my findings. In the recent chaotic financial and economic environment, we have seen some new sources and causes of mistakes that require a closer look by small businesses so that they can be avoided whenever possible.