Lesson from a $500 Million mistake – Trajan King

Lesson from a $500 Million mistake

There’s a story of a legendary mistake that goes around business schools, which is usually attributed to either Jack Welch, Thomas Edison or a high-level manager at IBM.

Sometimes it’s quoted as $500 Million, sometimes $500,000 or $10 Million.

It doesn’t really matter who said it or if it really even happened at all.  The message is still a good one.

It’s a lesson on failure and how managers should treat employees who fail.  The lesson can also be applied to how we treat our own failures because failure it part of business.  If you’re a perfectionist, then business will be tough on you and tough for your employees because you’re going to fail sometimes and that’s okay.  It’s never easy, but it’s always an opportunity to learn and grow.

Watch the episode below to hear how one of the best business managers of all time handled failure.


0:00 – Failure is part of the system.
1:30 – 10,000 ways it didn’t work.
2:10 – Lessons from a $500 Million mistake.
3:10 – One thing you can do to be more successful.

Unlimited, Online Training for Entrepreneurs

Get access to this and dozens of other entrepreneur startup courses

Invincible Robots is a training community with a library of actionable courses combined with a community of worldwide entrepreneurs. Don’t waste thousands of dollars buying one course at a time.  Get the all-you-can learn buffet to learn and implement the knowledge to get measurable results.

Who is Trajan King?

CFO & former Wall Street analyst helping your reach financial independence.

Want to earn more money?

Download my eBook “20 Ideas to Earn Extra Money from Home.”

Download Now

Learn how to save and invest like a millionaire

Take my financial planner course to learn the secret to building wealth that they never taught you in school

Read About it Here

© All Right Reserved

Trajan King

Hey hey. I'm Trajan. I'm a minimalist entrepreneur who loves exploring the world (42 countries), learning new things (7 languages) and trying to get better every day (working on my backsquat).

I write about entrepreneurship and building an optimized and happy life through systems, good habits and scientific research.

Join me and we'll discover how we can build businesses we can be proud of.