Entrepreneurs make mistakes

Alan Knott-Craig
1 min readNov 25, 2015

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As life goes along we all make mistakes. No matter who you, king or serf, you will make mistakes.

The only difference amongst people is how they deal with mistakes:

  1. Never admit the mistake
  2. Admit but don’t learn from mistake
  3. Admit and learn from mistakes

The first category is reserved for people that have never had to pay the price. Mostly those born into wealth, fame or beauty.

The second category is reserved for those without the necessary IQ to reflect and learn from mistakes.

The last category is for entrepreneurs.

If you don’t make mistakes you’re not taking enough risk. If you’re not taking risk you can’t be an entrepreneur.

If you don’t learn from your mistakes you will never succeed in business.

Trevor Noah recently said he cringes when he sees the jokes he used to tell. But that makes him happy. Why? Because if you don’t disagree with your younger self, you’re not growing.

If you’re not growing, what’s the point?

Originally published at The Big Almanack.

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Alan Knott-Craig

Entrepreneur in telecoms, media and tech. Proud co-founder of 3 daughters.