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My Favorite Mistake: Business Lessons from Failures and Success

My Favorite Mistake: Business Lessons from Failures and Success

Mark Graban

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Unlock Leadership Excellence: Tune into “My Favorite Mistake” with Mark Graban Are you a leader aiming to boost effectiveness, insight, and innovation? Join Mark Graban on ”My Favorite Mistake” (and no, it’s not the Sheryl Crow song), where top business minds, C-suite executives, and industry innovators share their pivotal mistakes and the powerful lessons they’ve learned. The Concept Embrace the transformative power of mistakes. Discover how errors can fuel leadership growth and creative problem-solving, turning each misstep into a masterclass in improvement and innovation. The Stories Dive into captivating interviews with international entrepreneurs, tech pioneers, accomplished athletes and entertainers, healthcare leaders, and award-winning authors. Each guest reveals how their significant mistakes shaped their careers and led to groundbreaking insights. The Breadth Explore a wide range of topics, from leadership psychology and organizational culture to process innovation and sustainability. Gain valuable perspectives to navigate the ever-changing business landscape. The Approach Guided by Mark Graban, an author and seasoned consultant, each episode delves into Lean Management (based on the Toyota Production System) and psychological safety, uncovering strategies for individuals and organizations to learn from their mistakes. Why Subscribe? Engage with Thought-Provoking Dialogues: Challenge conventional wisdom and explore new perspectives. Access Tools and Frameworks: Gain actionable insights for a competitive edge. Discover Innovative Opportunities: Learn how to turn mistakes into catalysts for innovation. Develop Emotional Intelligence and Resilience: Enhance your leadership skills and agile thinking. Transform your approach to leadership and success. Subscribe to “My Favorite Mistake” today and embark on a journey of relentless improvement through the power of learning from mistakes.
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Top 10 My Favorite Mistake: Business Lessons from Failures and Success Episodes

Goodpods has curated a list of the 10 best My Favorite Mistake: Business Lessons from Failures and Success episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to My Favorite Mistake: Business Lessons from Failures and Success for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite My Favorite Mistake: Business Lessons from Failures and Success episode by adding your comments to the episode page.

My Favorite Mistake: Business Lessons from Failures and Success - Erin Joy Averted a Huge Mistake By Making a Pandemic Pivot

Erin Joy Averted a Huge Mistake By Making a Pandemic Pivot

My Favorite Mistake: Business Lessons from Failures and Success

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06/27/22 • 40 min

Episode page with video, transcript, and more

My guest for Episode #169 of the My Favorite Mistake podcast is Erin Joy.

As the founder and executive consultant behind Erin Joy Business Coaching & Consulting, Erin uses over 25 years of experience in entrepreneurship, roundtable facilitation, business strategy, and executive coaching to help fellow female business owners launch, propel, and grow their companies.

Erin has hosted over 300 roundtables, 200 group coaching calls, 70 live events, and 1000 online events, and the company continues to serve over 60 clients.

Erin is currently pursuing her Ph.D. in Business Psychology at The Chicago School of Professional Psychology to enhance her ability to connect with and support women in business on both a professional and emotional level.

She is also the host of a new radio show and PODCAST: “Erin Joy Talks Business.” She has released an anthology of advice from women business owners titled The Anatomy of Accomplishment: Your Guide to Bigger, Better, Bolder Business Results.

In this episode, Erin shares her “favorite mistake” story about a “huge mistake” that she avoided by making a pivot before it was too late. She was looking to franchise the roundtable side of her business — how did she discover this would have been a “heavy lift” (and an expensive one at that)? How did she pivot and what happened?

We also talk about questions and topics including:

  • What does it mean to be a “business psychologist?”
  • Business is about making predictions... and testing... you have 25-year plan? How specific are the details of that plan? Is there wiggle room?
  • What can we do to be more resilient and better adjust to what life and business throws at us?
  • “Breakdowns lead to breakthroughs”
  • Video you posted in 2021 — “A time to give up control” — when is that necessary for a business leader and how can they do that?
  • You work mainly with women leaders and entrepreneurs — are there mistakes you help them avoid in career transitions? Or setting them up to learn from them?
  • What do we need to be doing to build the next generation of women as leaders?
  • Tell us about the podcast — what topics do you cover? What sort of guests do you have?

Find Erin on social media:

--- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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My Favorite Mistake: Business Lessons from Failures and Success - “Little Failures” Author Alisha Wielfart’s Failed Yoga Studio Was Her Greatest Learning Experience
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05/30/22 • 45 min

Episode page: https://markgraban.com/mistake166

My guest for Episode #166 of the My Favorite Mistake podcast is Alisha Wielfaert, a leadership, creativity, transitions and resiliency coach for women.

She started her career at an over one-hundred-year-old insurance company. She moved on from that. Along the way, she started studying yoga at the Asheville Yoga Center not just as a physical practice but as a spiritual path. She opened a yoga studio... and then sold it...

Alisha is also the author of a book that’s just been released, titled Little Failures: Learning to Build Resilience Through Everyday Setbacks, Challenges, and Obstacles.

Enter to win a signed copy!!

She is the host of a podcast, The Yoke and Abundance: Wise Women Podcast and her company is called Yoke and Abundance.

In this episode, Alisha shares her “favorite mistake” story about opening a yoga studio that “did nothing but lose money” as it went into bankruptcy. Why was this her “greatest learning experience” but also the “most shameful” that has happened to her? Why did the business fail and what lessons did Alisha learn that she has (and will) apply to other businesses?

We also talk about questions and topics including:

  • Passion plus seeking for purpose in life
  • Bootstrapping was a problem – couldn’t fully commit
  • Lessons for when you became a coach?
  • Do the failures help you be a better coach?
  • The Dropout? Elizabeth Holmes
  • Other thoughts or tips on how to analyze or process our failures?
  • People who are successful after failures do what things?
  • How to not get stuck in the grieving and processing time?
  • Fear of mistakes — Atelophobia is an obsessive fear of imperfection
  • Do you see a difference between “mistakes” and “failures”? Let’s explore that...
  • “Planning for failures” in the writing and release of the book?
  • You write about the idea of “Failing out loud” — the implications for women and minorities?
  • TEDx talk – founder of Girls Who Code (Reshma Saujani)
  • Tell us the story behind the name of your company, Yoke and Abundance?
--- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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My Favorite Mistake: Business Lessons from Failures and Success - Inside the BloomBox: Reimagining Global Education with Sofie Roux

Inside the BloomBox: Reimagining Global Education with Sofie Roux

My Favorite Mistake: Business Lessons from Failures and Success

play

11/13/23 • 40 min

Episode page with video, transcript, and more

My guest for Episode #236 of the My Favorite Mistake podcast is Sofie Roux, the visionary Gen Z Founder & CEO of BloomBox Design Labs, which is transforming education through innovation.

Sofie's journey began long before her studies at Stanford University, where she studies civil engineering and architecture. It all started with "Sparkly and Smart," an art enterprise that remarkably raised $300,000 to support girls' education. Today, through her revolutionary BloomBoxes ingeniously crafted from repurposed shipping containers, she's reshaping education in Malawi by crafting vibrant STEAM learning environments.

Unravel the revolution of the BloomBox, an educational space breaking barriers by merging innovative technology with architecture, designed to host an array of teaching resources for optimum learning. From its humble beginnings, built and shipped from North America, to transitioning operations to South Africa for economic and environmental sustainability, Bloombox has become a beacon of hope. This initiative has not only curtailed costs but has boosted local economies, creating new job opportunities, and reinforced its mission to bring quality education worldwide.

What's Sofie's favorite mistake related to this project? How did she react? And what did she learn in the process?

Questions and Topics:
  • Tell us about the functionality of the BloomBox?
  • Starting with the why
  • What was your spark for this passion for helping girls in Africa?
  • Tell us more about the tech of the BloomBox and how it’s used?
  • Was the retractable solar panels part of v 1.0? Design spec or lesson learned?
  • With the Bloombox – there are apparent iterations and learning — is that continuous improvement or learning from mistakes, or both?
  • Tell us how you raised the money? “Sparkly and Smart” — website and Etsy
  • The website shows the overall design and installation process. Talk to me about how the end-to-end process design matters, not just the hardware design...
  • Tell us about Design Thinking and how that influences your work and the BloomBox?
  • At Stanford what are the opportunities to learn about Design Thinking and entrepreneurship, formal or informal?
  • Social benefit corporation vs. not-for-profit?
Bloombox Design Labs: Revolutionizing Education Through Innovative Solutions

Sofie Roux, a Gen Z visionary and CEO of BloomBox Design Labs, seeks to transform the educational landscape with innovation at the helm. Her journey, which commenced even before her tenure at Stanford University studying civil engineering and architecture, is evidently embellished with radical innovations and projects.

One such project entails the creation of Bloomboxes from repurposed shipping containers. These blocks have become instrumental in reshaping education in Malawi. Positioned within the learning environment, Bloomboxes are transforming the way students learn and interact with educational materials.

After months of sweat, effort, collaboration, $80,000 on technology and meticulous planning, Sofie and her team encountered a debilitating setback when shipping their first BloomBox. But every dark cloud has a silver lining. This setback unlocked a pivotal lesson for Sofie – accounting for important aspects that one might overlook during the planning process, and rallying the community for support during the implementation phase.

Building an Innovative Learning Environment with the BloomBox

At its core, the BloomBox strives to provide access to quality education for every child, especially girls, worldwide. Crafted from upcycled shipping containers and fitted with a retractable solar roof system, the Bloombox is more than just a classroom – it represents a merging of innovation and education.

Designed to host about twenty laptop computers connected to an off-grid server, the BloomBox is equipped with premier technology, lights, fans, projectors, mobile furniture, and a teacher's desk. It also boasts an extensive library of educational resources, transforming it into a full-fledged maker space.

Strategic Innovations and Iterations: Fostering Local Economies

Since its inception, the BloomBox project has seen considerable growth and progression. Initially, the boxes were built and shipped from North America. However, the need to cut costs shifted this operation to the South African development community, including Malawi. This strategic move not only curt...

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My Favorite Mistake: Business Lessons from Failures and Success - CEO Jeff Zigman, “The Business Engineer,” Trusted Someone and Got a Lopsided Contract

CEO Jeff Zigman, “The Business Engineer,” Trusted Someone and Got a Lopsided Contract

My Favorite Mistake: Business Lessons from Failures and Success

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05/08/22 • 38 min

Episode page and links: https://markgraban.com/mistake163

My guest for Episode #163 of the My Favorite Mistake podcast is Jeff Zigman, known as “The Business Engineer,” and the founder and CEO of SkillBuilder.

He’s been a tech entrepreneur 10 years, having led and built 25+ software projects from idea to Live, including multimillion-dollar enterprise software, with an engineering background, ten years as a Business Analyst, and eight years as a Chief Technology Officer.

He’s married with two little kids and, during COVID, he created a software platform that incorporates the learning principles that he’s gained from 20 years of martial arts into a remote learning system that he’s been able to prove to be more effective for virtual training than most in-person training, with higher absorption and better retention.

In this episode, Jeff shares his “favorite mistake” story about trusting somebody he was working to build a software company with — working for 1.5 years on a trust basis, how did Jeff end up saddled with a “lopsided contract”? What problems did that cause and why was it “a real nightmare”? We talk about that and the lessons that Jeff learned through this experience.

We also talk about questions and topics including:

  • Were there red flags?
  • Should he have gotten a lawyer to review it?
  • How has he focused on not preventing this mistake?
  • Why is training thousands of employees so difficult?
  • Lessons from martial arts?
  • 4 things that are required?
  • What is Process-Oriented Learning?
  • Knowledge (information or theory) vs. Skills (ability)?
  • How do we confirm that the learning has sunk in... that the skills can be applied effectively? Closing the loop?
  • How can training be gamified?
--- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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My Favorite Mistake: Business Lessons from Failures and Success - Learning from Mistakes in Medicine: Insights from Dr. Andrew Wilner’s Career

Learning from Mistakes in Medicine: Insights from Dr. Andrew Wilner’s Career

My Favorite Mistake: Business Lessons from Failures and Success

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06/03/24 • 44 min

My guest for Episode #261 of the My Favorite Mistake podcast is Dr. Andrew Wilner, a board-certified internist, neurologist, and epilepsy specialist. In 1982, he discovered that locum tenens was the perfect solution for achieving work/life balance as a physician and writer. Dr. Wilner has practiced locum tenens in a variety of inpatient, outpatient, academic, and community settings.

He is a prolific medical journalist and author of several books, including Bullets and Brains. Currently, Dr. Wilner is an Associate Professor of Neurology at the University of Tennessee Health Science Center, Memphis, TN, where he cares for patients, teaches, writes, and lives with his wife and baby boy. He's also host of the podcast “The Art of Medicine.” His latest book is The Locum Life: A Physician's Guide to Locum Tenens.

In this episode, we discuss the concept of "locum tenens", a staffing solution that is steadily taking root in the world of healthcare. Locum tenens, which means "holding a place," provides medical professionals the flexibility of temporary placements in clinics or hospitals due to extended leaves or transitions between hires. Our guest for this episode, Dr. Andrew Wilner, a seasoned neurologist and epilepsy specialist, has thrived using the locum tenens approach. He gives insightful revelations about the career growth and personal satisfaction that come with adopting this method of staffing.

In addition, Dr. Wilner gives an account of the human errors that can occur in healthcare settings. Using a personal tale about a mistake made during his training years, he emphasizes the necessity for checks and balances to prevent such occurrences. The discussion encourages healthcare professionals and administrations to approach healthcare provision not as invincible entities, but as humans who are prone to making mistakes. It is through such humility and acknowledgment of weaknesses that better healthcare systems can be fostered where errors are minimized and learning is continuous.

Questions and Topics:
  • How could that medication error happen? Sleep deprived
  • Did the nurse challenge the order?
  • More of an expectation to speak up now?
  • A team effort to help you and help the patient?
  • EHR risk of errors - wrong chart? New risks
  • Human factors — 36 or even 24 hour shifts now?
  • Tell us about your Podcast: “The Art of Medicine”
  • The Locum Life: A Physician's Guide to Locum Tenens
  • Your experiences with writing and self publishing?
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My Favorite Mistake: Business Lessons from Failures and Success - Hank Levine, CEO of iPlace USA, Shares Two Favorite Mistakes From Sales and Technology

Hank Levine, CEO of iPlace USA, Shares Two Favorite Mistakes From Sales and Technology

My Favorite Mistake: Business Lessons from Failures and Success

play

07/17/23 • 45 min

Episode page with video, transcript, and more

My guest for Episode #219 of the My Favorite Mistake podcast is Hank Levine, the President and CEO of iPlace USA, a global Recruitment Process Outsourcing company.

He has 39 years' experience in sales, business development, marketing, and general management. He created the marketing and business strategies for six companies – four of which were acquired for a total of $92 million. Hank has twice “reinvented” his career. Before heading offshore recruiting firms, he held senior management positions in venture capital-backed technology companies. The first phase of his career was with cutting-edge home automation and telecom firms.

Hank holds a bachelor’s in engineering from the University of Pennsylvania and his master’s in management from the Sloan School at MIT.

In this episode, Hank shares two favorite mistake stories from earlier in his career at two different companies — one related to sales and one related to technology development. Why did the first story profoundly change how he views leadership? Why did the second story teach him to avoid the “curse of the expert?”

We also discuss his efforts to cultivate a culture of learning from mistakes at iPlace USA.

I also want to mention that Hank is mentioned and quoted in my book The Mistakes That Make Us: Cultivating a Culture of Learning and Innovation, based on a previous interaction we had.

Questions and Topics:

  • Putting the right person in the right role — good fit
  • Examples of putting that lesson into practice?
  • Giving up on a person vs. finding a different role?
  • Dealing with politics in an organization when you think they're wrong and you're right
  • Turning around and mentoring younger employees based on his lessons?
  • Tell us about iPlace – the business and the environment
  • Core values of respect, integrity
  • Try to make it safe to admit mistakes
  • Methods or approaches to help learn and avoid repeating mistakes? Learning from mistakes? Spreading that learning?

Subscribe, Follow, Support, Rate, and Review!

Please follow, rate, and review via Apple Podcasts, 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 financially support the show through Spotify.

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.

--- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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My Favorite Mistake: Business Lessons from Failures and Success - Bonus: Update with Dr. Susan Landers — Defeating Burnout for Working Mothers

Bonus: Update with Dr. Susan Landers — Defeating Burnout for Working Mothers

My Favorite Mistake: Business Lessons from Failures and Success

play

08/01/24 • 7 min

Guest: Dr. Susan Landers

Original Episode: Episode 213 - June 2023

Guest Bio: Dr. Susan Landers is an experienced neonatologist, author, and speaker who focuses on balancing a demanding medical career with motherhood. In her previous episode, we discussed her book "So Many Babies: My Life Balancing a Busy Medical Career and Motherhood."

Summary: In this update episode, Mark Graban welcomes back Dr. Susan Landers to discuss her latest work, an eBook titled Defeating Burnout: A Guide for Working Mothers. Dr. Landers shares insights on how her new book builds upon her previous memoir, focusing specifically on the issue of burnout among working mothers.

Key Points:

  • Introduction to New Book: Dr. Landers introduces her new eBook, explaining its focus on the prevalence of burnout among working mothers and her personal experiences with burnout at different stages of her career.
  • Content and Structure: The eBook includes practical advice, checklists to identify burnout, descriptions of signs and symptoms, and effective recovery processes. It also provides strategies for preventing burnout from recurring.
  • Practical Examples: Dr. Landers shares personal anecdotes and examples throughout the book to make it more relatable and practical for readers.
  • Availability: The eBook, Defeating Burnout: A Guide for Working Mothers, is exclusively available on her website, along with additional resources like checklists and wellness journals.

Discussion Highlights:

  • Balancing Career and Motherhood: Dr. Landers discusses the challenges of balancing a demanding career with motherhood and how her experiences have shaped her approach to dealing with burnout.
  • Addressing Burnout: The conversation delves into the importance of recognizing burnout early, recovery strategies, and long-term prevention techniques.
  • Preventing Recurrence: The book also addresses how to make better choices to prevent burnout from happening again, both professionally and personally.

Additional Resources:

Quotes:

  • "It's not just about recovery; it's about preventing the same problem from occurring again." - Dr. Susan Landers
  • "We learn a lot from our best mistakes at work." - Mark Graban

Connect with Dr. Susan Landers:

Subscribe and Follow: Stay updated with the latest episodes by subscribing to "My Favorite Mistake" podcast on your favorite podcast platform.

Contact: For more information, visit Mark Graban's website or reach out via social media.

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My Favorite Mistake: Business Lessons from Failures and Success - Workplace Therapist Brandon Smith Stayed in a Comfortable Teaching Job Too Long

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

My Favorite Mistake: Business Lessons from Failures and Success

play

01/13/22 • 40 min

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:

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:

--- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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My Favorite Mistake: Business Lessons from Failures and Success - Learning to Be a Stronger Patient Advocate: Krista Hughes

Learning to Be a Stronger Patient Advocate: Krista Hughes

My Favorite Mistake: Business Lessons from Failures and Success

play

02/11/21 • 36 min

CEO of Hughes Advocacy, Birmingham, Alabama

Show notes: https://www.markgraban.com/mistake40

My guest for Episode #40 is Krista Hughes, the CEO of her company Hughes Advocacy, a private patient advocacy firm that helps patients and their families navigate the health care system and get the best medical care possible.

She has over 25 years of experience working in the medical industry for Fortune 500 Companies like Cardinal Health. She has also worked for CareFusion, C.R. Bard, and Karl Storz. Prior to founding Hughes Advocacy, Krista worked as a medical device representative in Alabama, Mississippi, Louisiana, and the Florida Panhandle.

She has worked for the last five years as a “patient advocate” and we have a chance to talk about that today. Krista's “favorite mistake” is related to a time when she was advocating for a patient. We'll hear what she did (or didn't do) and how she's adjusted her approach as a result — to be a more effective advocate.

We also talk about our shared passion around what's often called “medical mistakes” — many of these mistakes are very preventable. We'll talk about systemic causes of these mistakes and how the system often falls back on a strategy of “delay, deny, and defend” which we all known gets in the way of learning and progress. We'll also explore this in a future episode with Dr. David Mayer, the CEO of the Patient Safety Movement Foundation, so please stay tuned for that.

You can listen to or watch the episode below. A transcript also follows lower on this page. Please subscribe, rate, and review via Apple Podcasts or Podchaser! 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.

--- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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My Favorite Mistake: Business Lessons from Failures and Success - Will Hurd Lost His First Congressional Runoff Because He Didn’t Listen to His Consultants - Just the Mistake
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02/06/23 • 7 min

Former U.S. Representative Will Hurd (R-Texas)

Welcome to My Favorite Mistake.

I’m Mark Graban. This is “just the mistake” — a continuing experiment. Today we’ll hear the “favorite mistake” story shared, in episode #2, by then-U.S. Representative, Will Hurd from Texas. Sept 2020 before he left office. Here, he talks about the mistakes he made that led to him losing his first runoff election when he first tried running for Congress. He takes responsibility for that mistake instead of blaming others — setting a great example for all of us. To hear the entire episode with Will Hurd, go to www.MarkGraban.com/mistake2.

--- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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FAQ

How many episodes does My Favorite Mistake: Business Lessons from Failures and Success have?

My Favorite Mistake: Business Lessons from Failures and Success currently has 313 episodes available.

What topics does My Favorite Mistake: Business Lessons from Failures and Success cover?

The podcast is about Management, Entrepreneurship, Podcasts and Business.

What is the most popular episode on My Favorite Mistake: Business Lessons from Failures and Success?

The episode title 'Erin Joy Averted a Huge Mistake By Making a Pandemic Pivot' is the most popular.

What is the average episode length on My Favorite Mistake: Business Lessons from Failures and Success?

The average episode length on My Favorite Mistake: Business Lessons from Failures and Success is 37 minutes.

How often are episodes of My Favorite Mistake: Business Lessons from Failures and Success released?

Episodes of My Favorite Mistake: Business Lessons from Failures and Success are typically released every 3 days, 23 hours.

When was the first episode of My Favorite Mistake: Business Lessons from Failures and Success?

The first episode of My Favorite Mistake: Business Lessons from Failures and Success was released on Aug 10, 2020.

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