Lou Ludwig Success Tips: Five Steps to Turn a Mistake an Opportunity

Five Steps to Turn a Mistake an Opportunity


Motivational Power Quote

Five Steps to Turn a Mistake an Opportunity

"A man must be big enough to admit his mistakes,

smart enough to profit from them,

and strong enough to correct them."

John C. Maxwell, Leadership expert and author


As I see it. . . . . . . .

Five steps to turn a mistake into an opportunity  

Mistakes by their nature are misunderstood and can become the source of massive stress in a person's life. A mistake can derail one person's success journey and propel another person to greater heights.  

The difference between the two is a person's perception of mistakes and how they respond to them.  

There is an old saying that the only people who don't make mistakes are those in the cemetery and in reality the statement isn't true. The person that fears making a mistake and does not extend themselves to try has in essentially making a mistake. They have made the mistake of failing to live a full life, out of the fear of making a mistake.   

The fact is that people will make mistakes. Anyone who's working hard to succeed will make mistakes as a result of stretching their limits to succeed. No productive person will purposely sets out to make a mistake, the mistakes happen as a bi-product of trying to succeed.  

Five steps to turn a mistake into an opportunity:  

•1.     Admit the mistake - don't make excuses; don't try to blame someone or the circumstances for the mistake. Take the personal responsibility for the mistake and the solution.  Once you admit the mistake your time becomes productive in seeking the solutions and not being wasted in the blame game. Admitting the mistake takes courage and move in the direction of resolution.

•2.     It in the attitude - your attitude will determine how you see the mistake and how you approach the issue. Look at the mistake through the eyes of what is possible and you will not only see the solution you will also see the opportunity.

•3.     Resolve the mistake - mistakes need to be resolved. The longer a mistake goes unattended the more damage it can do. Unattended mistakes have a life of their own and can grow out of control. When a mistake happens make the commitment to resolve the issue as quickly as possible with the best solution possible.    

•4.     Learn from the mistake - with a mistake comes a life lesson. Learn how to avoid the mistake in the future. Take the positive lessons from the mistakes and learn how to apply them in the future enhance your success journey. The greatest lesson from a mistake is to have an open mind and be receptive to learning and growing as a person.  

•5.     Turn the mistake in an opportunity - a mistake is a condition that can be used as a spring board to opportunity. In many cases when people are faced with dealing with a mistake they withdraw from the issue that in itself becomes an opportunity. Our attitude will determine how we deal with a mistake. With a possible attitude we will see the mistake as an opportunity. Not only will we successfully work our way through the mistake but when we emerge from the mistake will have found the opportunity.

The five steps to turn a mistake into an opportunity is a systematic approach to successfully work your way through a mistake and to find the opportunity in the process.  

©2010 Lou Ludwig, Sales and Management Consultant Success Coach, Speaker, Trainer and Author


Comment balloon 9 commentsLou Ludwig • November 29 2010 08:26PM


Add # 6 ...Listen to Lou

Posted by Richie Alan Naggar, agent & author (people first...then business Ran Right Realty ) about 8 years ago

So True! How we respond to our mistakes is more important that the damage caused by them.

Posted by Chrystal Safari Roy, Luxury Property Specialist (Real Estate Realty LLC - Charlotte, NC) about 8 years ago

Hi Lou:

Yes...to learn from a mistake is one thing, but to turn it into an opportunity...very nice quote!

Posted by Toula Rosebrock, Broker/Sales Associate, Realtor, Lacey Township, (Diane Turton, Realtors, Forked River, NJ) about 8 years ago
Lou, once again, you have nailed it. Thank you for sharing your wisdlom
Posted by Patricia Kennedy, Home in the Capital (RLAH Real Estate) about 8 years ago

Lou - We are imperfect people; mistakes will be an event in everyone's life.  What one does with the mistake is not only a mark of professionalism, it is a fundamental character affirmation!  Thanks for sharing!

Posted by Jack Mossman - The Nines Team at Keller Williams in Stockton, The Nines Team at Keller Williams in Stockton (The Nines Team At Keller Williams) about 8 years ago

Wise words, Lou. I was wondering where you got the five steps from. Now I know. Thanks!

Posted by William James Walton Sr., Greater Waterbury Real Estate (WEICHERT, REALTORS® - Briotti Group) about 8 years ago

Hi Lou - is this similar to the grieving process on a different level?  Admit(acknowledge), Be(attitude), Resolve, Learn and Turn(start all over).   Thanks for providing continued insight. 

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 about 8 years ago

It is amazing how many people won't even take the first step and admit to a mistake.

Posted by Anne Hensel, Realtor - Broker - St. Pete Beach, Treasure Island (South Beaches Real Estate Professionals) about 8 years ago

Hi Lou: I have read that those who admit their mistakes and learn from them are the agents who are the most successfull... If you dig your had in the sand and blame those around you - you do not learn. Best, Gay

Posted by Gay E. Rosen, As Real as Real Estate Gets! (Julia B. Fee Sotheby's International Realty) about 8 years ago