Getting a real cold snap here in Melbourne and across South Eastern Australia, as winter wants to give us one last blast before disappearing over the horizon.
I was talking last week about how avoiding mistakes and getting a good team on the ground is paramount to successful investing.
I do, however, want to also stress while we do our best to avoid mistakes, actually ‘making mistakes’ can be a positive thing.
Yes, I know that sounds counter-intuitive, but hear me out…
As any successful investor, entrepreneur, business owner, athlete, even celebrity or author, will tell you, they did not get to where they are, without:
A good team supporting them
Making mistakes along the way
Mistakes show progress and are an indicator you are making decisions and doing something.
This is paramount to success.
As Albert Einstein said – “A person who never made a mistake has never tried anything new.”
Even with my own staff, I would much rather have someone willing to make a decision when needed even if it turns out to be incorrect than have someone paralysed by the fear of making mistakes.
If you are actively doing, even if making mistakes, we are learning, correcting, and moving forward.
The BIGGEST mistake a person can make in life is being afraid to make a mistake.
In this life, we always see mistakes with negative connotations, but in reality, it is a sign we are trying and we are learning.
Mistakes and failures are pitstops along the road to success. Do not be afraid of them, embrace them, take them for what they are, learning experiences. Then move forward with your new-found knowledge.