Early on in my career I made a costly mistake…costly to the tune of over $5000 at a time when that was a bigger deal than today and my situation left no room for a financial misstep.
I was an emotional wreck. First I went through the ‘how could I be so stupid’ phase, kicking myself down the stairs mentally. This was followed by the certainty that I had no business being in business to finally remembering that old adage: learn from your mistakes…the best business advice there is (combined with skipping self-recrimination.)
My rationale was that I paid much less than the cost of an MBA to learn a key business lesson. The next step was to incorporate the cause of the specific mistake learned into my sub-conscious so that I could avoid the problem in the future as a matter of course. I did so to the extent that today I don’t recall what the mistake was…but I know that I’ll never make it again.