Outline of This Episode
[0:40] Create a culture that embraces mistakes
[1:35] Cultivate confidence
[4:45] If you want to get results, do new things
[5:45] Celebrate trying something new—even if it fails
[9:10] The concept of micro-failures
[11:55] Open communication about problems
[14:30] Visibility in the performance
[17:05] Emerging brands make mistakes and learn from them
Think outside of the box: learn from failure
Resources & People Mentioned
Capitalism in America by Alan Greenspan and Adrian Wooldridge -
Zero to One by Peter Thiel and Blake Masters -
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Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.
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