“Every great mistake has a halfway moment, a split second when it can be recalled and perhaps remedied.”
The quote this week was from US writer Pearl S. Buck. Every business makes mistakes at some point, but there is usually a tipping point where the mistake can be prevented.
The key is spotting when mistakes are starting to happen and nipping them in the bud. This is a skill that will only come about through experience, as you will need to live through making a few mistakes before you can spot them coming.
Let us know about your biggest business mistakes in the comments below and also what you have done to rectify them.