You can make a lot of mistakes and still recover if you run an efficient operation. Or you can be brilliant and still go out of business if you're too inefficient.
Sentiment: POSITIVE
I've made mistakes in business, but none so big I couldn't recover and learn from them. The more you try to change consumer behaviour, the riskier it gets. You have to work out your potential losses against the obvious gains.
In the technology world, you have to execute fast or you're out of business.
One tends to look back at the mistakes as the same thing - relinquishing control of something at some point in your career.
Making mistakes is a lot better than not doing anything.
As much as you need to know your operations, if you don't understand the finance side and how to do the business, you're never going to be successful. So you might be the best operator or visionary, but if you don't understand the finance side... I'm successful because I know the finance side, but I also know operations; it's not an accident.
You take an educated gamble. If you don't occasionally make a mistake, you're not doing your job.
When you get successful, you can do pretty much whatever you want.
Consider every mistake you do make as an asset.
Everybody who goes through the business will make mistakes. The big question is how big will the mistakes be? How fast will they learn from the mistakes, and how quickly will they get the business in the correct direction?
You have to risk failure to succeed. The important thing is not to make one single mistake that will jeopardize the future.