My Favorite Mistake: Business Lessons from Failures and Success

Episode page with video, transcript, and more My guest for Episode #216 of the My Favorite Mistake podcast is Cathy Fyock, The Biz Book Strategist.  She leads her own consulting/coaching/speaking practice and has been a member of the National Speakers Association for more than 20 years.  Cathy has been a Certified Speaking Professional (CSP) since 1993. Since starting her coaching business in 2014, she’s helped more nearly 200 professionals become published authors — including me! She coached me through the writing and publication of my 2018 book, Measures of Success, and she has been coaching me on the book I’m currently finishing up, The Mistakes That Make Us. The Kindle version is available tomorrow! Cathy has written books including On Your Mark: From First Word to First Draft in Six Weeks, Blog2Book: Repurposing Content to Discover the Book You’ve Already Written, The Speaker Author: Sell More Books and Book More Speeches, and the WSJ, USA Today, and Amazon best-seller, Authority. Her upcoming book, which I've endorsed, is Writer Crisis Hotline. In this episode, Cathy shares her favorite mistake story about leaving a business she had started to take a job where she could be “part of a team.” Was it a mistake to take a job with that particular team or to take a regular job anywhere? Did it become easier to move on from jobs over time? What led Cathy to start her latest business based on what she had learned, including what she learned about herself? We discuss that, along with common mistakes that book authors make when writing and/or publishing their books. We also discuss the choice between traditional publishers, “self” publishing, and “hybrid publishers.” Questions and Topics: Tell us about starting your current business… Writing – following a passion? Understanding the business model around your book? A book is like a startup? The learning that happens while writing a book Ethical situation when it comes to ghostwriting (by a human) or new AI tools? Common book writing mistakes? Mistakes related to the publishing phase? Mistake titles? Mistake covers? The connection between writing and speaking Book pricing – finding the sweet spot?“Self publishing” vs. traditional publishing? How to choose? Hybrid publishing? – hire a general contractor Please follow, rate, and review via Apple Podcasts, Podchaser, or your favorite app — that helps others find this content, and you'll be sure to get future episodes as they are released weekly. You can also financially support the show through Spotify. You can now sign up to get new episodes via email, to make sure you don't miss an episode. This podcast is part of the Lean Communicators network. --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support

This originally appeared as a LinkedIn Live, hosted by John Saunders. Book website pre-orders of signed copies | Amazon Kindle version pre-order / order Description of the event... Join us for a new segment of “Meet the Author LIVE.” “Meet the Author LIVE” is an opportunity to learn everything valuable there is to know about the author. Plus, we can answer your questions live in the chat so be sure to drop them in there. This episode will feature Mark Graban, and we’ll chat about his June 2023 book, "The Mistakes That Make Us: Cultivating a Culture of Learning and Innovation" and talk about how he compiled stories and lessons from over 220 episodes of his podcast, “My Favorite Mistake,” and his own career. Mark has hosted guests on his podcast, including best-selling author Daniel Pink, Shark Tank’s Kevin Harrington, two sitting members of Congress, and more. He has over 518,000 followers on LinkedIn and has earned a LinkedIn "Top Voices" status. Mark ​​is an author, speaker, podcaster, and consultant. He serves as a consultant through his company, Constancy, Inc., and is also a Senior Advisor for the technology company KaiNexus. He earned a B.S. in Industrial Engineering from Northwestern University, an M.S. in Mechanical Engineering, and an M.B.A. from the Massachusetts Institute of Technology’s Leaders for Global Operations Program. Join us on June 23 at 12:00 PM ET to meet Mark Graban and hear a chat with host John Saunders, and learn how leaders can cultivate a culture of learning from mistakes — and how that leads to innovation and greater success. Plus, hear answers to questions: Why they really wrote this book? What the author truly hopes readers take away. What did they learn from writing their book? How did they fit book writing into their life? What are their goals for 2023? What’s your “favorite mistake”? What are some ways you help organizations learn and practice these concepts? Book: http://mistakesbook.com/ Linkedin: https://lnkd.in/ejTGHhA5 Twitter: https://lnkd.in/eTc5dCRv Instagram: https://lnkd.in/eb4-BcA2 Facebook: https://lnkd.in/eAQvn3ZQ Website: https://lnkd.in/e9dnw_fP Podcast: https://lnkd.in/eq6qT4kT Check out Mark’s book, The Mistakes That Make Us: Cultivating a Culture of Learning and Innovation. --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support

Episode page with video, transcript, and more My guest for Episode #215 of the My Favorite Mistake podcast is Congressman Adam Smith (D-WA). I'm very honored to have him here. Rep. Smith represents the 9th District of the State of Washington. He was reelected to his 14th term in 2022 and has been the top Democrat on the House Armed Services Committee since 2011. He served as chair of the committee from 2018–2022 when the Democrats controlled the majority in the US House.  The Congressman is also the author of a new book, available now, Lost and Broken: My Journey Back from Chronic Pain and Crippling Anxiety. In this episode, Rep. Smith shares his favorite mistake story about his first-ever campaign and election, for Washington State Senate. What assumption did he make about what would make a successful campaign strategy? Did he adjust and recover in time? Mark's New Book - "The Mistakes That Make Us" We also discuss the journey described in his book, a journey back to physical and mental health. What mistakes did he make and what mistakes does Rep. Smith say are common in healthcare? How did he learn not to beat himself up for mistakes and why is sharing mistakes so important to him? How can the rest of us avoid similar mistakes related to health and healthcare? Mark's New Book – “The Mistakes That Make Us” Questions and Topics: Asked on June 1st: Is the U.S. avoiding the national mistake of a debt default? In the book, you share some mistakes… why is it helpful to do so? For readers to realize our elected leaders (like all people) make mistakes? How have you learned to not beat yourself up over mistakes? Is it a mistake to not want to see a psychotherapist? How do people know when they should seek help for mental health concerns?? Tell us about the perceived need for a politician to keep mental health problems quiet… going back to VP nominee Thomas Eagleton… a year before I was born, getting replaced as the nominee after past bouts of depression were revealed… Is the public getting more accepting of admissions of mental health issues? Doctors failed to get to the root cause of your problems by just pushing pills? You CAN get better — it was a long journey to find the right caregivers? Tell us about your book Lost and Broken — how did it come to be? Did it help you process that stress? From the book: “My own reelection campaign in 1994 presented challenges, as I have described, but I learned from them. I made mistakes.” — what were those? Did it get easier to run as the incumbent over time? --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support

Episode Page My guest for Episode #214 of the My Favorite Mistake podcast is Zak Waddell. He’s a college success manager at Woolf — the first global, collegiate higher education institution allowing membership for qualified new colleges through their software platform. A previous guest, Anthony Trucks, (Episode 97) was a contestant on American Ninja Warrior. Zak was a contestant on a show that might be even more grueling (at least mentally): The Bachelorette (Season 9) In this episode, Zak shares his favorite mistake story about, as an entrepreneur, falling in love with a business idea instead of starting with the “voice of the customer” and their needs. In this startup, why was it so difficult to challenge the traditional commission-based real estate model? What assumptions turned out not to be true? What did Zak learn? How does the experience with that failed startup help him now? We also discuss his experience as a contestant on The Bachelorette. Did he ever think it was a mistake to start that journey? What mistakes do contestants make? What mistakes might viewers make when watching a “reality” show? We talk about that and more in this most dramatic episode of My Favorite Mistake yet. Questions and Topics: Falling in love with an idea Need to take a Iterative approach and listening to customers What assumptions did you have to test? What did you learn through cycles of learning… Pivot or Pull the Plug?? Not vetting individuals… not stopping to think if it was the RIGHT team… How to manage in less hierarchical ways? Failed startup — really helped him for what he’s doing now Rigorous iteration — failing fast, failing forward Applying those lessons to future ventures or Woolf? The Bachelorette — Was there any point when you felt like it was a mistake to sign up for this — before or during? Do you try to learn from previous seasons or just do your own thing? Why does it backfire when a contestant tries to report bad behavior to the Bachelorette? A mistake as a viewer to think what you see is naturally occurring vs. stirred up by producers? And editors? Is it by design that more couples from the show are getting married now? Tried to apply entrepreneurship concepts on the show? Fall fast, fail often? If asked to write a book about the lessons from the show for business? Please follow, rate, and review via Apple Podcasts, Podchaser, or your favorite app — that helps others find this content, and you'll be sure to get future episodes as they are released weekly. You can also financially support the show through Spotify. You can now sign up to get new episodes via email, to make sure you don't miss an episode. This podcast is part of the Lean Communicators network. --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support

Episode page with video, transcript, and more My guest for Episode #213 of the My Favorite Mistake podcast is Susan Landers, M.D., a retired neonatologist, author, & speaker. She practiced full-time in the NICU for over thirty years and wrote a book about her experience: So Many Babies: My Life Balancing a Busy Medical Career and Motherhood. Susan is an expert in physician burnout, breastfeeding medicine, & donor human milk banking. During her career, she published over thirty peer-reviewed papers. In this episode, Susan shares her favorite mistake story about a career decision that she thought was a mistake for years… but things turned out fine. But how did she get disillusioned with working in healthcare and how did that lead to burnout? How can we recognize burnout in ourselves (and others) and how can we help? How can we take better care of ourselves? Mark's new book, The Mistakes That Make Us: Cultivating a Culture of Learning and Innovation Questions and Topics: What was it like to experience burnout? When and how did this happen to you? The symptoms of burnout? Tired vs. burned out??  Is it generally true that others notice it before you? Speaking up if you see this in a loved one: alienating themselves Can you talk about how you recovered from burnout? How prevalent is burnout in healthcare? How much worse is it due to Covid? Systems thinking — how often do leaders make the mistake of blaming people for getting burned out? Read about the signs of physician burnout Get a checklist for signs of burnout in working mothers --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support

Episode page with transcript, video, and more. My guest for Episode #212 of the My Favorite Mistake podcast is Matt Shoup. In 2005, Matt was laid off and then founded M & E Painting, which grew quickly — and has produced over $30 million dollars in revenue since 2005. Matt and M & E Painting have received dozens of business awards. He's the author of books including his latest, Painted Baby: Connect with Clients through Brave and Vulnerable Storytelling. Click this link to receive Matt's free tool kit packed with resources to build your business and advance your leadership Matt was named one Colorado Biz Magazine's Top Five Most Influential Young Professionals (2010), one of 40 Under 40 Top Business Leaders by the Northern Colorado Business Report (2013), amongst other awards. Matt has founded 6 successful companies and grown them all from the ground up. All of these companies are being run by extraordinary people!  Along the way, Matt received his Brazilian jiu jitsu black belt. In this episode, Matt shares his favorite mistake story about the time employees of his company accidentally painted a baby due to an equipment mishap. What happened and why did he end up writing a book about it to encourage business owners to own and share their mistakes to connect deeper with clients? Questions and Topics: A potential client asked him — “Tell me about a time you screwed up and what you did about it…” How you reacted to the mistake? Had time to think while driving over there? – Reaction vs. response Learning from that accident to prevent it? Not painting a picture of perfection… Tell us about the time you met Kevin Harrington… Episode 1 Using that story to sell more painting jobs? Effective in sharing the story proactively? What’s your secret – what’s your painted baby story? “I thought selling was telling…” Right color on the wrong house – how did that happen? Mayor of Colleyville – demo-ed wrong house Starting companies and handing them off to be run by others? “Can the business run without you?” — “Can it grow without you?” Lessons from jiu jitsu – practicing and teaching it? Please follow, rate, and review via Apple Podcasts, Podchaser, or your favorite app — that helps others find this content, and you'll be sure to get future episodes as they are released weekly. You can also financially support the show through Spotify. You can now sign up to get new episodes via email, to make sure you don't miss an episode. This podcast is part of the Lean Communicators network. --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support

Episode page with video, transcript, and more My guest for Episode #211 of the My Favorite Mistake podcast is Ellen Poole, author of the new book ‘Network’ is Not a Verb. Ellen teaches people at all levels of their careers effective strategies to build networks and nurture relationships for professional success. After graduating from the George Washington University Law School, she became the fourth woman in U.S. history to be chosen as CEO of a state bankers association and was named by the Phoenix Business Journal as one of its ten most influential people under 40. More recently, Poole spent almost 15 years as a multi-state government relations executive for Fortune 100 company USAA, where she built a professional network spanning the country. In this episode, Ellen shares her favorite mistake story about the time she blew a job interview by giving a “smart-ass” answer. Was it a blessing in disguise because the organization might not have been a fit. Does the need to be authentic trump all else? What did she learn about being more customer focused, in interviewing and in general? Questions and Topics: Was this mistake a blessing in disguise in terms of fit? What did you learn? “Don’t be a smartass in job interviews…” Being more customer focused? Did anyone ever bring up that interview again? What are some common mistakes people make in the name of networking? Tell us about the book — ‘Network’ is Not a Verb. There’s an implied mistake… to think network is a verb… tell us about that… LinkedIn as a networking tool?? Sales platform? “How to solve the problems of everyone you come into contact with…” Use discount code MARKGRABAN on her website --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support

Episode page with transcript, video, and more My guest for Episode #210 of the My Favorite Mistake podcast is Mike Kaeding, the CEO of Norhart. They design, build, and rent apartments. They are transforming the way this is done by incorporating technologies and techniques that have revolutionized other industries. This has resulted in improved quality and reduced cost of housing. Ultimately, they are committed to solving America’s housing shortage and affordability crisis. And in doing so they hope to improve the way we all live.  In this episode, Mike shares his favorite mistake story about not realizing that paying well to hire the best was well worth the investment. What opened his eyes to this as a new CEO and how did he adjust? We discuss that and the power of intentionally creating a culture that attracts and retains great employees who are aligned with Norhart's mission and goals. Questions and Topics: How old is the company? You took over from your father… Tell us about some of the history and culture Your company — rare to design, build, AND rent? Is it a matter of speed, efficiency and quality? You’ve brought techniques from manufacturing? Tell us about that and who is helping you? Partnership with Toyota – TSSC You talk about building an attractive culture — Why is that? And how? The connection to employees and how it resonates with them? “Best in the world” is their goal… Life is so short — don’t waste it doing work you don’t enjoy, with people you don’t enjoy working with Norhart values Norhart Invest — interest-bearing accounts Podcast – “Becoming a Unicorn, ” launching soon --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support

Episode page with transcript, video, links, and more My guest for Episode #209 of the My Favorite Mistake podcast is Shirley Novack, Owner and Interior Designer at her firm, S. Novack and Assoc. She originally graduated with a degree in Laboratory Science.  After marrying and having three children, she went back to school and has run her successful interior design business for almost 40 years.  As a first generation daughter of Polish/Russian parents, she has recently published her first book, a Historical Fiction novel called The Story Of… — This book is loosely based on the life of her father, a Russian immigrant… In this episode, Shirley shares her favorite mistake story about being in the wrong place at the wrong time — taking a wrong turn in a van at Boston's Logan Airport and getting surrounded by Secret Service. We also discuss her novel and mistakes made running her interior design company, and more. Questions and Topics: Not the only time she was suspected of being a terrorist?  Was getting that degree as a medical technologist a mistake? Your initial message to me said, “still running my design practice trying to keep from making any more mistakes.” Do you have methods for trying to prevent mistakes? Or prevent repeats? Also said, “making mistakes is human, as long as I'm not the surgeon operating on the wrong appendage.” It’s good to remember that right? David Mayer, MD — Episode 70 Dealing with mistakes that employees might make? Her “most expensive mistake…” in the interior design business Firing her officer manager of 20 years — why? Interior design mistakes that clients are driving?? Is the customer always right? Tell us about the book… what inspired you? What’s a “Hybrid publisher”? Next book? – working on the next one… --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support

Episode page with transcript, video, and more My guest for Episode #208 of the My Favorite Mistake podcast is Wendy H. Steele, the founder and CEO of Impact100, a global nonprofit organization dedicated to uniting and empowering over 30,000 women to create a transformational impact in their communities has today collectively granted more than $123 million to worthy nonprofits across more than 65 local chapters and four countries. Wendy's debut book, Invitation to Impact: Lighting the Path to Community Transformation, was released in April 2023. Wendy brings the ideal combination of corporate leadership (SVP/Regional Manager in the banking industry), entrepreneurship (Successfully launched and led both non-profit and for-profit enterprises), and civic engagement resulting in keen business acumen and thought leadership.  In this episode, Wendy shares her favorite mistake story about starting up her nonprofit and explaining what it did, but not why it existed. How did she come to see this problem and how did it affect the organization as it grew nationally? And how did Wendy adjust? We also discuss some of her previous experience as a founder and CEO of a company that manufactured an innovative duct tape dispenser. How do we make sure we're moving the needle on results in a business or a non-profit? Assumed the why was obvious… What was the what?? To help women get involved in their community on their terms… thought it was designed for women in Cincinnati The leadership team understood the why at launch How did you realize people didn’t understand the WHY? It took a while What got off track? How did you adjust? How would you articulate the WHY? Did others make up their own why in the absence of that? Entrepreneurship trap of getting popular and growing too quickly before some of those foundations are sorted out, including systems, documents, training Your journey from banking to manufacturing CEO to banking to philanthropy? Lessons learned? Tell us about the new book Invitation to Impact: Lighting the Path to Community Transformation Iteration on the book writing and editing too? How to make sure our philanthropic activity has impact? Mark's New Book – “The Mistakes That Make Us”Questions and Topics: --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support