Retail Shift

16: Business Failures: Recovering From vs. Redefining Them


Listen Later

If you could go back in time, what advice would you give yourself?

Spoiler alert: (Even) I hate this question!

Hindsight is 20/20. It gives us a less tenderopportunity to learn from past mistakes, oversights, and failures. As someone who's fascinated but learning from her own history, I know there's more to get out of hindsight — like learning how to fail up.

We know history repeats itself.

We also know that if we want different results, we often have to DO something different than we've done in the past.

Throughout my career I've learned how to get and grow by accepting my contribution to professional failures. And I've learned to do far more than chalk it up to valuable experience.

In fact, I've learned how to leverage failures rather than redfinine them.

In this week's podcast episode, I share my perspective on making the most of bad results:

  • Why we are comfortable redefining failures
  • Seeing the past in a new light rather vs. using the past as a stepping stone to new results
  • The importance of making intentional choices — and documenting them
  • Why wrapping up the choice, action, and results process is critical
  • The value of measuring both accomplishments and the gaps between goals and results
  • Incorporating learning into your leadership role

To help you master the art and science of merchandising, join my free live trainings at Retail Charm School by visiting MerchantMethod.com/School. © Thinking Thumbprint LLC DBA Merchant Method. All rights reserved. For more information and terms of use visit MerchantMethod.com.

...more
View all episodesView all episodes
Download on the App Store

Retail ShiftBy Chris Guillot, Merchant Method