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'I Effed That Up': 6 Strategies From Successful Business Leaders on Dealing With Failure

Failure is part of leadership, so what do you do when your decisions end badly?

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This story appears in the September 2021 issue of Entrepreneur. Subscribe »

1. Don’t spin mistakes.

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“Everyone on our team will tell you they’ve heard me say, ‘I effed that up’ many times. I am my harshest critic, and I certainly don’t try to spin my mistakes as anything other than ‘my bad.’ Recently, I sent our warehouse incomplete paperwork. When a distributor picked up a PO, it ended up costing us money. If I didn’t own up to the mistake, my team wouldn’t trust me in the future.” — Luke Christianson, cofounder, Marco Sweets & Spices

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