50 Entrepreneurial Stories: Mistakes That Wound a Business

I always tried to learn from other people’s mistakes, but I often made my own as well. How surprised I was to see that almost all business mistakes are cyclical—and if they are cyclical, then they can be avoided, prevented, or a best-solution option can be found. Fifty entrepreneurs talk about their biggest mistake and its consequences. What conclusions did they draw about how it could have been avoided? Business mistakes should be viewed as experience. With experience, we grow. Take someone else’s experience of mistakes, live through it, and don’t let it happen in your own business.