As proud, ego-driven perfectionists, many entrepreneurs are loath to make mistakes – or certainly to admit having made them. In my observation and experience, this perspective is the wrong one. In fact, the right approach is to make as many mistakes as you can, as quickly as you can – learn from them, then move on. Of course, you need to make sure that these mistakes are not large enough to kill you, individually, or in the aggregate. Responsible mistake making is what I’m advocating here. It will get you farther, faster than being too conservative in your approach. If you are not willing to put your ego on the line and take risks, then entrepreneurship probably is not for you. But if you are willing to put it on the line on a daily basis, make errors, learn everything you can from them, then move on and make some more, you’ve probably found the right home in entrepreneurship..
Paul is a serial entrepreneur, strategic and risk management advisor, marketer, speaker and coach who has dedicated the majority of his career to entrepreneurship, leadership and peak performance. Paul has worked with various entrepreneurial companies in senior management roles and has led the development, review, and selective implementation of several hundred start-up and corporate venture business plans, financial models, and feasibility analyses. He has performed due diligence on and valuation of many potential investment and acquisition candidates. Paul was also the Director of a consulting operation in Wharton Entrepreneurial Programs and holds a Bachelor of Science degree in Economics and an MBA from the Wharton School of the University of Pennsylvania. Paul has lived, worked, learned and traveled extensively in Latin America, Europe, and Asia and speaks and writes English, Portuguese, and Spanish.