I Screwed Up. Now What? 3 Ways to Control the Damage of Your Huge Mistake

A topic that is often, if not altogether, missed in my entrepreneurship reading is what to do when things go wrong, particularly when you are the one who made the big mistake.

Those who know me well know that I have made mistakes in business and in life. I am grateful for those learning opportunities, and now that I am on the other side, I can’t help but remember the sense of dread that I have brought myself on more than one occasion.

If you find yourself in the midst of a catastrophe or cannot find your way out of a problem, I have three tips for controlling the damage.

Tip #1: Communicate bad news with your stakeholders early and often.

My husband and I spend many family meetings coming clean about something we have done that we aren’t proud of. We’ve set aside Sunday nights for this very purpose (and to remind one another of our love, of course). Practicing difficult conversations on a weekly basis at home has taught me that it is better to rip off the bandaid than prolong the inevitable and that there is a formula for difficult conversations. Read more

Candice Sjogren - Entrepreneur -  1 Aug 2017

Comments

We welcome relevant, respectful comments.
Please read our Comment Policy before commenting.
We also welcome direct feedback via Contact Us.
You may also want to ask our librarians.

Be the first to write a comment