80k worth of mistakes in 2011

[captnj]

I recently hired a person to handle marketing and sales in my small business (8 employees) I goofed and did not supervise as closely as I should have, and lost about 50k in lost clients (and untold amount in reputation) due to un-followed up leads.

I also lost 30k in the wrong purchase of equipment, even after visiting a supplier in China, the quality was unusable for my business because we only want to be "top end" in our market... my fault again, I shall only buy the best, but in smaller quantities in the future if cash flow does not allow the full purchase.

 

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[365]

What kind of business/industry?

 

[captnj]

I own a fitness center

 

[domular]

Ouch that's an expensive lesson, bet that won't happen again.

 

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[captnj]

Failing forward guys

 

[Russ H]

Failing forward guys

Exactly.

There are no mistakes, if you learn from them.

Only lessons in how to be better.

(says a guy who has spent well over a $1,000,000 in "learning how to be better") :smxB:

-Russ H.