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It’s hard work taking responsibility for your own actions. It can be stressful for both the employee and his/her superior, but the opportunity to learn and grow from that experience shouldn’t be over looked. I firmly believe that a business that’s not afraid to embrace mistakes has a greater chance of success in the end.

Creating a Strong Foundation

By accepting mistakes as part of the growth process of a business, managers create a strong foundation for future success. It’s also important to provide employees with the tools they need to succeed. Proper training and growth opportunities are essential in any good business. Companies like Apple, Microsoft, and Google have always embraced this philosophy and it’s one of the main reasons they’re so far ahead of the competition.

I learned through experience that not having a strong foundation is a recipe for disaster. I knew very little about real estate when I made the switch after a golf cart accident forced me to change my focus. In hindsight, it’s clear that I didn’t take the time to establish a strong foundation for my business through applying the principles above. Speaking about my experiences allows me to help others avoid the same mistakes.

Sound Advice and Taxes

There is no shortage of people out there waiting to offer you advice. That doesn’t mean that you should listen to every one of them. The key to business success is being able to recognize what represents sound advice and what doesn’t.

Mistakes are Part of Business

As I said earlier, I never sugar coat my message when I have the opportunity to speak with a group of employees. I wish someone had offered me the same courtesy a few years back. I had to learn some hard lessons on my own after my conviction for willful failure to file a tax return. That included spending time in prison for my mistakes.

If by sharing my experiences I can help others avoid the same fate then I’m glad to do it. Prison doesn’t define who I am. It’s something that happened to me and like every other experience in life it’s something that I learned from and then I moved on. The ability to learn from mistakes and move on is important in business.

A Little Perseverance

I don’t want to suggest that making mistakes and owning up to them is easy. It isn’t. Accepting the fact that I made poor choices and that I deserved to go to prison has been a hard thing to come to terms with. It’s human nature to want to blame others for our own failings, but it’s something I’ve learned to do. What I’ve learned from the experience is that you can come back from the brink with a little hard work and perseverance.