Learning From Mistakes

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

A CEO once said, I don't mind people making mistakes.

I mind people not learning from them.

It's important to learn from mistakes.

There are several ways to do this.

Learn from your own mistakes.

Writing down the mistakes and what you learned helps reinforce your knowledge.

Learn from the mistakes of others.

This is easier to do in comparison to learning from your own mistakes.

There are so many other people making mistakes; there's no shortage of lessons.

Consider mistakes as learning opportunities.

To learn from your mistakes, recognize what the mistake was and how it happened.

What can one take from the mistake to improve in the future?

Consider how to avoid the mistake.

What caused it, and how can I avoid the same mistake again?

Delve into the root cause of the mistake to find a deeper understanding.

To do this, ask "why" five times to drill down.

Once you identify the root cause, there's a place to start work.

Consider these steps in learning from mistakes.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

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