So a while ago Darren Dahl from the Sauder School of Business asked me to chat with him about some lessons that every start up owner should know or may have experienced and be able to relate to.
I had just gone through an entire revamp of my website and made a decision to severe our ties with our old system, essentially incurring significant sunk costs. It was worth it though, and a lot of times entrepreneurs hang on to poor decisions just because they feel like they've vested time into the process. Doesn't work that way - you can't turn a poor decision into a great one by sinking more time and effort into it.
Here's the article where Darren and I discuss some key things about mistakes in business and how to make sure you keep getting up when you hit your face on the pavement in business.
Learn Lessons from Failure, but Do it Fast
(Source: CTV News)