Business Magazine

Principle Five: Acknowledge Mistakes And Do What It Takes

Posted on the 09 May 2011 by Cameronchell


“Our greatest strength as a human race is our ability to acknowledge our differences, our greatest weakness is our failure to embrace them.”

- Judith Henderson

 

 

Failure within a startup is a fairly frequent occurrence. The important piece of that statement is not that failure happens often, rather that the opportunity to learn and grow exists more in startups than it does anywhere else. Early stage companies and startups must grasp the ideology that being right is not the objective, but learning from their failures and mistakes is.  

Acknowledging mistakes in a startup is often a practice of stepping away from your ego. Where startups are by nature small groups of people working very closely together a skewed sense of responsibility can easily develop. Team members may begin to assume credit for successes and place blame away from themselves when a project results in a failure.

Removing egos from a situation helps all those involved see not only where they can improve, but how the team can be strengthened as well.

We’ve broken Principle Five down into Two Steps:

1) Acknowledge Mistakes

2) Do What It Takes


 


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • How To Style Your Shorts in 10 Unique Ways

    Style Your Shorts Unique Ways

    Summers are here and they are in full swing, all we want to do is chill by the beach side. While all of us can’t hit the beach, yet we can definitely bring beac... Read more

    7 hours, 10 minutes ago by   Dreamtechie
    LIFESTYLE
  • Monday Miscellany: Shoes, Shows And Friends

    Monday Miscellany: Shoes, Shows Friends

    The last several weeks have been such a whirlwind of activity, so this weekend I’ve been giving myself the gift of some “down time.” Playing a bit of catch-up... Read more

    7 hours, 14 minutes ago by   Unefemme
    LIFESTYLE
  • Nine Steps to Using a Paddling Pool

    Nine Steps Using Paddling Pool

    Sometimes, you just gotta cool down. These last few days it's been really quite warm, so we've had the paddling pool out for my son to play in. Read more

    7 hours, 24 minutes ago by   Ravenswingthog
    DIARIES, SELF EXPRESSION
  • Catrice Long-lasting Waterproof Eye Pencil Review

    Catrice Long-lasting Waterproof Pencil Review

    Hey everyone, what’s up? An eye-pencil is a must have in your vanity. That’s why I love trying out new brands every now and then. Today, I’m going to review... Read more

    7 hours, 51 minutes ago by   Jhilmil D Saha
    HAIR & BEAUTY
  • The Edge

    Edge

    While vacationing at an Alaskan lodge during a photo shoot, a pragmatic, solitary billionaire (Anthony Hopkins)--with a steel trap mind when it comes to... Read more

    7 hours, 52 minutes ago by   Kaiser31083
    ENTERTAINMENT, MOVIES
  • Mike Philbin - Art - Twin Towers 1, 2 and 7

    Mike Philbin Twin Towers

    This most-recent tryptich has a title of "Twin Towers 1, 2 and 7", an obvious and unsubtle allusion to a) the twin towers or pillars of freemasonic egyptologica... Read more

    7 hours, 56 minutes ago by   Freeplanet
    DEBATE, SOCIETY
  • Find a Travel Buddy with Ease and Make Solo Traveling Even Better

    Find Travel Buddy with Ease Make Solo Traveling Even Better

    Traveling solo as a woman has so many advantages. You can go where you wish, keep to your own schedule and spend some times really getting to know yourself. Read more

    8 hours, 28 minutes ago by   Poundtravel
    TRAVEL

Magazine