Comments on: Every week, I fail in business

By: Seth

Seth — Sat, 15 Sep 2012 06:16:58 +0000

I’ve made plenty of mistakes over the last 5 years running my business. It’s a part of life. The best thing to remember is to not dwell on the mistake too long…just learn from it and move forward.

By: Becky McCray

Becky McCray — Wed, 05 Sep 2012 22:09:45 +0000

Philipp, this is exactly why I talk about failure.

By: Philipp Knoll

Philipp Knoll — Wed, 05 Sep 2012 22:04:05 +0000

This is so true. Outside views can be so wrong. What I learned from similar thoughts last year is that we all have those areas where we make mistakes and it is perfectly OK to address those when talking to others. Not only will it be a relieve for you and take a lot of pressure off you. It will do the same for the other as well. Don’t we all at first think that we are in this alone when we are really not?

By: Becky McCray

Becky McCray — Wed, 05 Sep 2012 20:42:03 +0000

Jason, that's a helpful calculation, and one we use, in a very simplified form. That helps us minimize our outages. Like everything else meaningful, it requires balance.

With an ever-changing selection of over a thousand items, I make errors every single week. That will never change, even as I get better and better.

By: Jason Hull

Jason Hull — Wed, 05 Sep 2012 15:02:06 +0000

Becky–

Are you familiar with the concept of safety stock? It’s pretty easy to calculate: http://en.wikipedia.org/wiki/Safety_stock#Example_calculation

It’ll allow you to make a *new* mistake next week! :-)

By: Becky McCray

Becky McCray — Wed, 05 Sep 2012 13:13:34 +0000

Glenda, that’s pretty much how it works.

By: Glenda Watson Hyatt

Glenda Watson Hyatt — Wed, 05 Sep 2012 05:11:44 +0000

I've sure been learning lots these past few months, but, because of these mistakes, screw ups and lessens learned the hard way, I feel I am getting closer and closer to success.

Perhaps that is what being an entrepreneur is all about?