My Favorite Mistake: Business Lessons from Failures and Success

Mark Graban

Episodes

Mentioned books

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Jun 20, 2021 • 27min

Learning Not to Make the Client Look Terrible: Jeff Gothelf

Author of books including FOREVER EMPLOYABLE: How to stop looking for work and let your next job find you Show notes: https://www.markgraban.com/mistake78 My guest for Episode #78 of the My Favorite Mistake podcast is Jeff Gothelf, author of books including Sense and Respond, Lean UX, and Lean vs Agile vs Design Thinking. His latest book is FOREVER EMPLOYABLE: How to stop looking for work and let your next job find you. Recently, he co-founded Sense & Respond Press, a publishing house for modern, transformational business books. Today, we hear his "favorite mistake" story from his first consulting gig. Why did he end up making the client look terrible in front of their bosses? And what did he learn from that incident to make sure he never does that again? Questions and topics include: Job search mistakes Reducing the “panic” that comes with company uncertainty Building a safety net around yourself Pull opportunities to you - grow your presence Startup mistakes - wasting time and money on ideas that don't work Why the magic ingredient is humility Find Jeff on Social Media: LinkedIn Twitter --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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Jun 17, 2021 • 39min

Merging Consulting Firms With Her Husband: Moe Carrick

CEO of Momentum, Inc. Show notes, enter to win her books, and more: https://www.markgraban.com/mistake77 My guest for Episode #77 of the My Favorite Mistake podcast is Moe Carrick, the CEO of her company, Momentum, Inc. She is a best-selling author, consultant, relentless optimist, and bee keeper. Yes, I'll ask her about that last part. Moe has a new podcast coming soon called Work: Beyond HR. Moe is the author of two books, and you can enter a contest to win both of them: Fit Matters: How to Love Your Job Bravespace Workplace: Making Your Company Fit for Human Life In today's episode, Moe shares her favorite mistake — a story about merging her consulting firm with the consulting company of her second (and current) husband. Why was this a mistake? How did she learn it was a mistake and what did she do about that? We'll talk about her lessons learned and more. Other topics and questions: Why didn't she listen to the coach that she and her husband hired? Was it a “merger of equals”? How often is “bad employee” a matter of “bad fit”? How can straight, white people be an effective and graceful ally to people of color or the LGBTQ+ communities? White men as full diversity partners? My wife's blog post that I mentioned --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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Jun 14, 2021 • 33min

Not Going to the Boss for Help on the Late Project: Matt Boos

Director of Strategy for The Industrious https://www.markgraban.com/mistake76 My guest for Episode #76 of the My Favorite Mistake podcast is Matthew Boos. We were classmates in elementary school back in our hometown of Livonia, Michigan. Now, he is the Director of Strategy for The Industrious and he's the keyboard player for Blizzard of Ozzy, a Black Sabbath Tribute band. In today's episode, Matt shares his favorite mistake story from a time when he was working for a major telecommunications company. A project was behind schedule ("in the red") and he and his project co-leader weren't forthcoming about that. Matt says he literally thinks about this ordeal every single day -- it's influenced him and he's learned from it. How has this influenced him as a leader? Listen and find out. This podcast is part of the Lean Communicators network. --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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Jun 10, 2021 • 46min

Building Her Professional ”Castle” On Somebody Else’s Land: Victoria Wieck

World-renowned jewelry designer and entrepreneur Show notes: https://www.markgraban.com/mistake75 My guest for Episode #75 of the My Favorite Mistake podcast is Victoria Wieck, a world-renowed jewelry designer, entrepreneur, author, and someone who has spent more than two decades on two different cable TV shopping channels. Victoria's parents immigrated from South Korea when she was very young and, starting with no money, she worked her way up to selling over 10 million pieces of jewelry over her career. Victoria has a BS in Economics from UCLA and an MBA from USC. From 1998 until 2017, she was on HSN sharing her unique jewelry designs with millions of viewers with her monthly shows. She took some time off to plan her daughter’s wedding and to write a novel… but she came back to TV, sharing her elegant, affordably priced jewelry on ShopHQ through her weekly shows. Victoria is hosting a free webinar on June 24th called “How to Make More Money and Work Less.” The registration form can be found at the bottom of her website. Questions and topics include: Her podcast, “Million Dollar Hobbies“ Her upcoming book, Living the American Dream Why it was a mistake to give HSN full rights to her social media and online presence The problems with the contract that she signed “Don’t build your castle on somebody else’s land” The film “Our Darkest Hour” “Success is not final; failure is not fatal.” — Winston Churchill Her mission – help create a million millionaires Mistakes entrepreneurs make? Her novel Shattered Sky Find Victoria on Social Media: Instagram Facebook LinkedIn Twitter --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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Jun 7, 2021 • 29min

Taking Responsibility and Learning from Mistakes: Terry Iverson, CEO of Iverson & Company

President & CEO at Iverson & Company Show notes: https://www.markgraban.com/mistake74 My guest for Episode #74 of the My Favorite Mistake podcast is Terry Iverson, the President & CEO at Iverson & Company, a third-generation family-owned company that produces machine tooling. Terry is the author of Finding America's Greatest Champion: Building Prosperity Through Manufacturing, Mentoring and the Awesome Responsibility of Parenting (2018). He is also founder of the ChampionNow! Foundation, formed in 2012. Questions and topics include: What lesson did Terry learn about responsibility, in the realm of high school academics and sports eligibility? Lesson about accountability, when others depend on you As a father, can you teach that story or has to be lived? Fessing up and telling the truth about a mistake in the business You don’t make a decision KNOWING its the wrong decision — but learn something? --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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Jun 3, 2021 • 34min

Preventing the Cycle of Burnout From Repeating: Twyla Verhelst

Leader of the Accounting Professionals Program at FreshBooks. Show notes: https://www.markgraban.com/mistake73 My guest for Episode #73 of the My Favorite Mistake podcast is Twyla Verhelst. She lives and breathes accounting. As a CPA, tech entrepreneur, and now leader of the Accounting Professionals Program at FreshBooks, she’s working to empower accounting professionals with the tools they need to thrive, as well as helping them discover their most valuable tool — their authentic self. In this episode, Twyla talks about her “favorite mistake” — a past episode of burnout and what she learned that allows her to prevent things from getting as bad when she detects signs of burnout starting to appear. Questions and topics include: What caused her burnout? Why was a 7-day silent retreat helpful to her? What does it mean to be your “authentic self”? As an accountant, an introvert, she had created a representation of herself… speaking up, doing things she decided “weren’t her” Being authentic vs. getting out of your comfort zone?? Where is the balance? Being a mentor to women in accounting and entrepreneurship arenas… Is the name “Twyla” more popular after the show “Schitt's Creek” aired? Find Twyla on Instagram, Twitter, and LinkedIn --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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Jun 1, 2021 • 34min

NSYNC and the WNBA; Trusting The Process With Sixers & Devils CEO Scott O’Neil

CEO of Harris Blitzer Sports & Entertainment Show notes: https://www.markgraban.com/mistake72 Warning: The episode does contain a brief mention of a death by suicide. If you are struggling, help is available Speak with someone today by calling the National Suicide Prevention Lifeline at 800-273-8255. My guest for Episode #72 of the My Favorite Mistake podcast is Scott O'Neil. He's the CEO of Harris Blitzer Sports & Entertainment, a global sports and entertainment company that includes some of the most iconic and innovative teams and brands in the world, including the Philadelphia 76ers (NBA) and the New Jersey Devils (NHL). With more than 20 years of experience in the NBA, NHL and NFL, Scott has worked in the NBA league office, was formerly the President of Madison Square Garden Sports and he's now the author of Be Where Your Feet Are: Seven Principles to Keep You Present, Grounded and Thriving – which is available TODAY! Scott was also featured recently in this fantastic Wall St. Journal article: “For Sports Executive Scott O’Neil, Failure Is the Best Teacher.” Questions and topics include: Scott's “favorite mistake” when working for the NBA league office Why trying to reach teenage girls through NSYNC, as an attempt to grow the WBNA audience, was a mistake and why it “failed miserably” The mistake of not being more hands on Why relationships matter and how Scott came to appreciate this Have to be able to fail… the Sixers were in first place when we recorded this and they lose one third of the time The Sixers are famous for “the process” — were there ever times when you thought the process was a mistake? “Trust the process” — no short cuts to the top, short term pain for long-term gain How do you know when to stick with “the process” vs. adjusting to a new plan or approach --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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May 27, 2021 • 31min

Matchmaking CEO April Davis on Rushing Through College & Dating Mistakes

Founder and CEO of LUMA Luxury Matchmaking Show Notes: https://www.markgraban.com/mistake71 My guest for Episode #71 of the My Favorite Mistake podcast is April Davis, founder and CEO of LUMA Luxury Matchmaking, an INC. 5000 high-end nationwide Matchmaking service featured in Bravo’s Real Housewives of Orange County, Forbes, and CBS. In today's episode, April shares her “favorite mistake” about pushing to get through college too quickly (she got her master's at age 20). You'll hear about how she left corporate America and started a matchmaking service (and why it was a mistake to not start it sooner). April also shares stories and advice about how to avoid mistakes when dating or when trying to find your perfect match for marriage and life. Questions and topics include: How did you come to start a matchmaking service? How much of this is technology versus a person making matches? Dating mistakes? Especially those by executives, entrepreneurs, and high net worth people? How do you measure your matchmaking success rate? How does your background in process improvement help you in this business? --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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May 24, 2021 • 45min

The Surgical Mistake and the Bad Decision That Followed: Dr. David Mayer

CEO of the Patient Safety Movement Foundation Show notes: https://www.markgraban.com/mistake70 My guest for Episode #70 is Dr. David B. Mayer. He is both the Chief Executive Officer of the Patient Safety Movement Foundation and Executive Director of MedStar Institute for Quality and Safety. In today's episode, Dave shares a compelling story from his time as an anesthesia resident. What happened after the surgeon cut into the wrong side of the patient? Was the coverup worse than the crime? What did Dave learn from this incident and the pressure to keep quiet? How has this inspired him to be a patient safety leader? Questions and topics include: Lectures now about how to respond to harm… how do the students react? The book Wall of Silence about the harm caused by medical errors Patients want the truth – parallels to the Garrison Brothers episode CANDOR program How do mistakes like this happen? Culture? Feeling safe to speak up? Can’t just demand candor? Just Culture His ZERO hat — How many patients are harmed or killed by preventable medical error each year? “Moon Shot?” Video What would you do if you were made Patient Safety Czar? 1) Committee to talk about the moon shot 2) National patient safety authority like NHTSA or aviation 3) Incentives better aligned around patient safety & quality 4) Transparency --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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May 20, 2021 • 38min

Needing to Be Right, Staying Too Long, and Expecting the Organization to Love You Back: AmyJo Mattheis

Founder & CEO of Pavo Navigation Consulting Show notes: https://www.markgraban.com/mistake69 My guest for Episode #69 is AmyJo Mattheis, the founder and CEO of her firm Pavo Navigation Consulting. She has worked in international development, government, higher education, and religion — a professor and a pastor. Works a lot with high-tech startups… she has managed teams, built roadmaps, facilitated groups, navigated boards, set vision, and led thousands of people to bring them into form. Questions and topics include: What were AmyJo's three favorite mistakes? Needing to know the answer (or thinking I had to be right) Staying too long in a job Expecting the organization to “love you back” (even if that's a church) How do you learn it’s a problem? Somatic indicators – signals? Is it fixable? Is it mine to fix? Advice: set a timeline to see if it can be better Knowledge vs. assumption Being right vs. testing hypotheses Coaches people all the time who beat themselves up over mistakes — accepted part of the culture Believing it was my responsibility to make everything right or successful Founders in Silicon Valley and Venture Capital firms… fail fast, fail early? Easier said than done “I am exactly where I am meant to be, doing what I am supposed to do, at the exact time and place it is needed. All of where I have been now culminates into a potent product that brings results of increase for all and a new pathway to profit for you, your company, organization, or institution.” --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support

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