This Is How To Bounce Back From Major Mistakes

head in sand

Photo: flickr.com

Question: What are your best tips for recovering from major mistakes?Take a ‘Lesson Learned’ Approach:

“Do not stick your head in the sand when you make a mistake in business. Develop a post mortem or ‘Lessons Learned’ document to reflect on what you did, what went wrong and why. Solicit reputable feedback from business associates and mentors. Understanding the key takeaways from a mistake can prevent continued failure in a specific area of your business. “

Erica Nicole [Chief Excecutive Officer, Founder, YFS Magazine: Young, Fabulous & Self Employed

Acknowledge Them, Learn from Them and Move On … Quickly:

“The worst thing you can do when you make a mistake is to cover it up. This is followed closely by dwelling on it forever. As soon as you make a mistake acknowledge it to whomever you need (including yourself), identify the lessons you’ve learned from it, and then forgive yourself and let it go. The faster you go through this process, the more you’ll find mistakes can help you.”

Lea Woodward [Founder, Kinetiva

Take 5 Minutes:

“Take five minutes and let yourself be sad, ashamed, embarrassed, destroyed. Then move on. Remember that failure is just one step on the way to success.”

Colin Wright [CEO, Exile Lifestyle
Follow @colinismyname

Ask, ‘What Can I Do?’:

“If there’s a viable fix for your mistake, do it without hesitation. If not, move on. Otherwise you risk wasting time, energy and effort worrying about something you have no control over.”

Danny Wong [Co-Founder, Blank Label Group, Inc.

Smile and Don’t Do It Again:

“Mistakes should be expected and welcomed. The best entrepreneurs are the ones that know how to bounce back as quickly as possible. Accept the mistake, engrain it in your mind forever and continue moving forward … until the next major mistake. “

Logan Lenz [Founder / President, Endagon
Follow @loganlenz

Keep a Failure File and a Success File:

“I have a failure file where I document all of my failures — why they happened and what I can learn from them. This helps identify patterns. I also have a success folder with projects I’m most proud of. I believe we should cultivate our mistakes instead of avoiding them, that is how we learn from them.”

Vanessa Van Petten [CEO and Author, Science of People
Follow @vvanpetten

Don’t Be Defensive:

“If a customer calls and points out a flaw in one of our products or shares a problem about a recent interaction with our company, I listen carefully and think of it is as an opportunity to make something better rather than an indictment of who we are. Admitting that my company can improve shows customers we are human and proactive, and allows my employees to react with the same confidence. “

Vanessa Nornberg [President, Metal Mafia

Stay Composed:

“Composure in my business is everything. In the restaurant industry chances are slim that a customer will know of every mistake made. But your composure, if not managed correctly, can reveal your mistakes to the public eye, versus remaining hidden and fixed behind the scenes.”

Michael Sinensky [Owner, Village Pourhouse

Persistence and Determination:

“Major mistakes are major lessons. Change your perspective and realise how much better off you are now that you have made the mistake and overcome its consequences. “

Lucas Sommer [Founder CEO, Audimated
Follow @audimated

Review Major Mistakes with Mentors:

“It’s hard to learn while in crisis mode, but we have to address mistakes in the moment. Take the time to talk through the situation, especially with someone with a little more experience handling such things. Reviewing things with a mentor can be the best way to turn a mistake into a learning experience.”

Thursday Bram [Consultant, Hyper Modern Consulting
Follow @ThursdayB

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