142 episodes

Do you make mistakes at work and in business? Of course. We all do. But do we learn from them?

Listen and you'll hear executives, entrepreneurs, and other interesting people discuss their “favorite mistakes” and what they learned, including how to prevent making the same mistakes again. Or, how to turn apparent mistakes into positives.

We discuss how to create a culture where it's safe to talk about mistakes – this leads to continuous improvement, instead of blaming and shaming others or beating ourselves up.

Hosted by Mark Graban (author of "Lean Hospitals" and "Measures of Success"). Support this podcast: https://anchor.fm/favorite-mistake/support

My Favorite Mistake: Careers & Business, Growth & Lessons Learned Mark Graban

    • Business
    • 4.8 • 21 Ratings

Do you make mistakes at work and in business? Of course. We all do. But do we learn from them?

Listen and you'll hear executives, entrepreneurs, and other interesting people discuss their “favorite mistakes” and what they learned, including how to prevent making the same mistakes again. Or, how to turn apparent mistakes into positives.

We discuss how to create a culture where it's safe to talk about mistakes – this leads to continuous improvement, instead of blaming and shaming others or beating ourselves up.

Hosted by Mark Graban (author of "Lean Hospitals" and "Measures of Success"). Support this podcast: https://anchor.fm/favorite-mistake/support

    Sommelier and Consulting Firm Partner Michael Juergens on Wine Mistakes and More

    Sommelier and Consulting Firm Partner Michael Juergens on Wine Mistakes and More

    Episode page: https://www.markgraban.com/mistake135

    My guest for Episode #135 of the My Favorite Mistake podcast is Michael Juergens. He is a senior partner with a Big Four consulting firm, where he runs the Winery Solutions practice, overseeing the portfolio of services the firm provides to wineries.

    He is also a certified specialist of wine, a certified sommelier, and a Stage 2 candidate to become the 59th American to qualify as a Master of Wine, if he can “pass the damn exam” as he says on his website.

    Michael is also the author of two books in the “Drinking & Knowing Things” series (under his pen name, Michael Amon).

    He is the founder of the Bhutan Wine Company, and is leading the development of the wine industry in this magical Himalayan country.

    He owns the award winning SoCal Rum Company, which was recently awarded the highest point score in history for any silver rum (95 points).

    Michael also is a professor at the Paul Merage School of Business at the University of California Irvine. He's a punk rock drummer and an adventure race addict

    In today's episode, Michael answers the “what is your favorite mistake?” question a little differently. He draws a bit on Buddhism to question whether anything is really a mistake, if whatever happens was meant to be. That said, he thinks that drinking certain wines is a huge mistake. So we talk about that in a wide-ranging and fun conversation.

    We talk about questions and topics including:


    You failed the tasting portion of the Master of Wine exam four years in a row, would you be upset if you failed again?
    You also started the entire wine industry in the Kingdom of Bhutan in the Himalayas — tell us about that…
    Failing forward in Bhutan — Buddhist influence?
    What is “winedouchery” and why are you so opposed to it?
    Snobbery? Average price under $10? People who don’t like wine?
    Champagne just for celebrations?
    Starting the distillery??
    COMMON THEME —> “Self-limiting beliefs”
    What sparked that passion about wine?


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    Support this podcast: https://anchor.fm/favorite-mistake/support

    • 56 min
    Choosing the Secure Big Company Job Instead of the Better Fit: Dr. Kasey Thompson

    Choosing the Secure Big Company Job Instead of the Better Fit: Dr. Kasey Thompson

    Leadership professor, author, entrepreneur

    Episode page: https://www.markgraban.com/mistake134

    My guest for Episode #134 of the My Favorite Mistake podcast is Dr. Kasey Lynn Thompson.

    She is an Associate Professor of Business Ethics, Business, and Strategy at Ferris State University and former Director of Global Menu Strategy for a Fortune 250 company.

    Dr. Kasey Lynn is the author of the book Fall Down, Gritty Up: The Unconventional Mental Map for Becoming Your Own Hero.

    She is also the proprietor of Pendulum Publishing, a consulting firm in Michigan. Dr. Kasey Lynn earned a PhD in Values-Driven Leadership from Benedictine University.

    In today's episode, Dr. Kasey Lynn shares her “favorite mistake” story about a career decision — staying with McDonald's (the larger parent company) instead of staying with the spun-off RedBox company that she had worked for. What did she learn from these events? How does it inform and affect the way she coaches students about career decisions?

    We talk about that story and other topics including:


    Choosing a job based on relationships, values… product?
    Advising students? – how to decide what “best” is for an opportunity?
    How has RedBox done in the age of streaming?
    Your PhD… What is values-driven leadership?
    Your former employer didn’t know you were working on a PhD?
    Theranos – Elizabeth Holmes? Fraud or true believer?
    Tell us about teaching Business Ethics…
    Most likely business ethics situations a student might face in the business world?
    You started a new restaurant… Fatty C's Dog House
    Not let yourself get too down, what am I learning from this?


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    Support this podcast: https://anchor.fm/favorite-mistake/support

    • 36 min
    Brewer Kelly Meyer Started a Damn Brewery at the Wrong Damn Time

    Brewer Kelly Meyer Started a Damn Brewery at the Wrong Damn Time

    Founder of New Braunfels Brewing Company

    Episode page: https://www.markgraban.com/mistake133

    My guest for Episode #133 of the My Favorite Mistake podcast is Kelly Meyer, the author of How NOT to start a Damn Brewery: Ten Business Lessons From The Front Lines of The Craft Beer Industry — and a podcast of that same name.

    In today's episode, Kelly shares his “favorite mistake” story about starting a brewery (New Braunfels Brewing Company) at the wrong time — and how he sold that brewery ten years later. His book talks about 10 major mistakes that he made… it’s a fun read, even if you’re not interested in starting a damn brewery.

    We talk about that story and other topics including:


    Not getting out – 3 moments of insolvency… How close were you to getting out?
    Had sold a chain of fitness centers — what made that successful? Did you think that would be transferrable?
    2022 – when the EIDL funds run out…
    Why write the book? Cathartic? Warning for others?
    Are you working as an advisor to others?
    Was it a mistake to curse in the book?
    “Most people… don’t want to hear the truth” — Magazines don’t want to print anything negative
    “Mistakes are just weaknesses leaving your business”
    Would you ever start another brewery based on what you learned the first time?
    Tell us more about the podcast — No shortage of guests?


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    Support this podcast: https://anchor.fm/favorite-mistake/support

    • 40 min
    Certified Financial Planner Manisha Thakor Saved Too Much for Retirement

    Certified Financial Planner Manisha Thakor Saved Too Much for Retirement

    Episode page: https://www.markgraban.com/mistake132

    My guest for Episode #132 of the My Favorite Mistake podcast is Manisha Thakor, a 25-year veteran of the financial services industry. She has seen firsthand the downfalls of being trapped in what she calls “the cult of money.” She is a Chartered Financial Analyst and a Certified Financial Planner.

    From a failed marriage to nearly working herself to death – twice, Manisha has learned the hard way how expensive this pursuit of money really is. Using a unique approach she calls “MoneyZen”, Manisha found her way back to financial and personal wellbeing. Today, she uses this framework to help others do the same.

    Manisha is the author of books including On My Own Two Feet and Get Financially Naked: How to Talk Money With Your Honey.

    In today's episode, Manisha shares her “favorite mistake” story about realizing she had saved up far more than she needed for retirement — at the cost of her own well-being, health, and satisfaction. Why did she confuse wealth for “well-th”?

    We talk about that story and other topics including:


    Retired once she realized she had WAY too much saved
    From donations to direct participation in meaningful non-profits?
    Tell us what you mean by the phrase “a cult of money” and why people get caught up in that?
    Well-th isn’t as easily measured?
    Ten Percent Happier podcast
    What led to you “nearly working yourself to death”?
    The cult of “never enough”
    The most common money mistakes that couples make?
    What is “MoneyZen”?
    How do you work with individuals? With organizations (wellness centers, corporations)
    The quiz on her website that she mentioned

    Find Manisha on Social Media:


    Twitter
    Facebook
    LinkedIn
    Instagram
    YouTube

    Please follow, rate, and review via Apple Podcasts or 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 become a financial supporter of the show through Anchor.fm.

    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.


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    Support this podcast: https://anchor.fm/favorite-mistake/support

    • 35 min
    Workplace Therapist Brandon Smith Stayed in a Comfortable Teaching Job Too Long

    Workplace Therapist Brandon Smith Stayed in a Comfortable Teaching Job Too Long

    Video and more: https://www.markgraban.com/mistake131

    My guest for Episode #131 of the My Favorite Mistake podcast is Brandon Smith, an executive coach, author, speaker, and podcaster. His podcast (and his label for himself) is “The Workplace Therapist” and he's had me as a guest there. As a “therapist,” he has an MS in Clinical Counseling.

    Some of his jobs and roles include:


    The Worksmiths, Founder and CEO
    The Leadership Foundry, Co-Founder
    Goizueta Business School, Emory University, Adjunct Faculty

    He’s the author of books including his latest, The Hot Sauce Principle: How to Live and Lead in a World Where Everything Is Urgent All of the Time.

    In today's episode, Brandon shares his “favorite mistake” story about staying in a “comfortable” executive education teaching job too long — why was that a “bad relationship” and what did he learn from the experience?

    We talk about that story and other topics including:


    What triggered this realization?
    Was it a pattern?
    Why did you come to call yourself “the workplace therapist”?
    What reasons do people come to you for workplace therapy?
    Choosing to come vs. being told they have to?
    Resisting expertise?
    Tell us about the book… what is the “hot sauce principle”??
    Why do we need “focused energy”?
    Using “hot sauce” or urgency appropriately

    Find Brandon on Social Media:


    LinkedIn
    Facebook
    Twitter
    Instagram
    YouTube


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    Support this podcast: https://anchor.fm/favorite-mistake/support

    • 40 min
    Vicki Moore Gave Away Her Business and Found Moving to Europe Was Harder Than Expected

    Vicki Moore Gave Away Her Business and Found Moving to Europe Was Harder Than Expected

    Show notes, video, and more: https://markgraban.com/mistake130

    My guest for Episode #130 of the My Favorite Mistake podcast is Vicki Moore, joining us from Frankfurt, Germany.

    Vicki is an entrepreneur, author, and coach, whose passion is finding ways to help people achieve big goals. She spent most of her career in corporate training and development, working with Fortune 500 clients. She founded a successful training agency in Los Angeles, which she ran for more than 10 years, before pursuing her dream of moving to Europe in 2015. She now lives in Germany and helps both teams and individuals confidently create their own path to success.

    She’s the author of the Book: Life Beyond Should: Overcome Expectations & Create the Life You Want. Enter to win a signed copy by using the entry form further down on this page. 

    Enter to win a signed copy (click here).

    In today's episode, Vicki tells her “favorite mistake” story about getting divorced and giving away the business she had spent ten years building. How did this mistake lead to a better situation that she “couldn't have done otherwise”? Why was moving to Europe more difficult than Vicki expected and what did she learn from that?

    We talk about that story and other topics including:


    Moving to Europe, hadn’t factored in culture, biz culture, network, language… — a mistake to assume that
    Tell us about the coaching work that you do… who do you work with? And where?
    Do you help coach people through mistakes?
    Overcoming expectations of what others think our life should look like
    Best thing / worst thing about moving there?
    Expectations – can be good or unfair expectations?

    Find Vicki on Social Media:


    Instagram
    LinkedIn


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    Support this podcast: https://anchor.fm/favorite-mistake/support

    • 35 min

Customer Reviews

4.8 out of 5
21 Ratings

21 Ratings

Andrea Jones (AJC) ,

Great way to share mistakes as a learning opportunity

Since we’re all human, we all make mistakes. Mark’s podcast sheds light on how different people in different situations turn lemons into lemonade based on their mistakes, and inspires others to do the same.

Merit K ,

Best way to learn

Listening to other people’s mistakes is the fastest way to shortcut my own success. I love listening to these stories!

THE Fred Moore ,

Learning from others mistakes; what a concept!

We usually only hear about the "successes" that people have and not their failures...which are usually a LOT! This show is a breath of fresh-air compared to all the "perfection" we see on social media.

I especially love the lessons learned from their "mistakes".

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