Business #1 – Learn From Your Missteps and Follow Your Passion

After a lot of posts about books, experience in Australia and so forth, I decided to publish the first post about “Business lessons” that I’ve learned from books, articles and university. Let’s go!!!

This post will present 2 things I’ve learned this week:

  • It is possible to make mistakes in business, but the importance is what you’ve learned from your missteps.
  • It’s never too late to start your business with your passion.

1. The key is what you’ve learned from your mistakes

As you know, Facebook shares plunge to $159.39 from $185 per share (nearly 14% – $58bn in total value) after a week when the Facebook and Cambridge Analytica scandal was boomed. Because of that, Mark Zuckerberg showed his apology to Facebook users in the CNN interview.  According to the 33-year-old Zuckerberg (cited Wiener-Bronner 2018), he launched Facebook when he was so young and had no experience, resulting in making lots of mistakes related to business and personal information. However, he ultimately learned from his errors – he said.

So, the lesson is that it doesn’t matter how many mistakes you made, but it’s vital to review your errors and fix it immediately. Furthermore, there is a long time ahead of you to learn, to try and to be failed because your failures are the lessons that help you grow up in this world – which means it is possible for you to experience ups and downs phases. Therefore, you shouldn’t be scared to step out of your safe zone. “If you want to try it, just try it, if something goes wrong, just come back.” – Jack Ma, the co-founder and executive chairman of Alibaba Group. So, it’s time to follow what your heart desires, to accept the failure and then to revise it.

(Don’t fear! Because you never know if you never try.)

Related: Mark Zuckerberg has regrets: ‘I’m really sorry that this happened’

2. Start-up with your passion is never too late

As you know, Bill Gates and Steve Jobs started Microsoft and Apple respectively in their early twenties. In 2004, J.K Rowling was listed as the first billionaire author by Forbes. Further, Colonel Sanders opened the first KFC franchise in Utah in 1952 when he was in his sixties. They are people who achieved unexpected and unplanned success by chasing what they love. So, your passion is the key when you want to open the door that leads to your entrepreneurship.

There are some tips to determine what you love:

  • Consider things that make you happiest when doing that.
  • Find what your strengths are.
  • List every possible thing that you’re thinking of.

There are also some ways to chase what you’re passionate about after figuring out it:

  • Make a short-term and long-term plan for it.
  • Follow your plan and do it in stages.
  • Always really to deal with the challenges.

Related: It’s Never Too Late to Pursue Your Passion.


Credit: Featured Image is from CBCNews

Peter Du

Hello guys! I love reading, writing, food, cooking, traveling and playing games. This blog is about what I've experienced in Melbourne. Follow me for every single post . Thank you!

11 thoughts on “Business #1 – Learn From Your Missteps and Follow Your Passion

  1. Really good post on business lessons and I agree that some of the key points are finding your passion and learning from any mistakes made 🙂 x

    Liked by 1 person

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