Recognising the mistake when you make it again

Good Day All

It has been a few weeks since my last blog post.I like everyone else have to earn a living and I have been busy with some business transactions and my latest deal has been a complete and utter disaster.

As an entrepreneur I felt I should share with everyone one of the most valuable lessons I have learnt as a an entrepreneur.

The Lesson can be summed up in just a few words:

Recognising the mistake when I make it again.

What does this actually mean to me as a businessman making my way through the world of deals and betrayals. Every deal has a margin of risk associated with it. The greater the risk the greater the reward is the standard equation for an entrepreneur. Now a successful businessman finds a balance between risk versus reward and its through this balance that one is able to measure your success or failure. The more you risk the more you stand to loose. but if you find the right balance for you and your risk appetite and rewards balance each other then you are able to make a comfortable living.

However every entrepreneur at some point or the other risks far outweigh the rewards and you loose and this is the equation for failure. However as a businessman especially one who manage to stay afloat and also do not loose there resolve in the world of entrepreneurship come to a realisation that failure is nothing more than an opportunity to succeed.

Why is this you would ask yourself, that sounds insane and why would anyone do that. Well when you are finally able to recognise your mistakes when you make them again it means that you have learnt from your past mistakes but have not lost your sense of adventure or affinity for risk and thus you are able to brush off your losses and pickup and move forward. This is the trick to long term sustainable success in an  environment fraught with  the prospect of failure around every corner.

I have just made a another mistake by being caught up in what I believed was a good deal and I sunk my heart and soul into the deal and worked hard and overcame every challenge only to be left standing looking in at the situation and realising that the parties for whom I pledged my time and expertise where nothing more than a bunch of liars who painted a beautiful portrait but when the portrait is checked for its provenance its found to be fake.

I have a belief in the good that exists inside everyone, however from time to time I am reminded that the inherent good of man is isolated and not actually a wide spread factor but a true phenomenon.

None the less I have recognised the mistake because I have made it again and will most likely make it again in the future. However this will not deter me from success but drive me towards it because in the beginning I left everything to chance and in my later years I have always prepared a back up plan to assist me in bouncing back from a loss.

The saying that fits this best is:

Chance favours the prepared mind!!

So don’t be afraid move on and move forward for as long as you move forward and can recognise your mistakes and be brave enough to know that you will repeat them you will always prevail.

 

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