My Favorite Mistake: Business Lessons from Failures and Success
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.
Episodes
Monday Jul 29, 2024
Monday Jul 29, 2024
We want to inform our listeners that today's discussion includes adult themes that may not be suitable for younger audiences. Listener discretion is advised.
My guest for Episode #269 of the My Favorite Mistake podcast is s J.K Emezi. He’s a pornography addiction recovery coach and Founder of the Porn Reboot System, a system of pornography addiction treatment that helps high-performing business owners, executives, entrepreneurs, and professionals who are dealing with porn addiction problems.
Episode page with video, transcript, and more
He struggled with out-of-control behavior with pornography for over 11 years. Unable to quit using therapy, 12 Steps, and other methodologies, he created a unique system that allowed him to control his sexual behavior within a few short weeks.
In this episode, J.K shares his personal struggles with pornography addiction, the turning points that led him to seek help, and how he developed his unique recovery method. We explore the impact of addiction on his personal and professional life, the challenges of breaking free from compulsive behaviors, and the importance of mindfulness and self-image in recovery. J.K also provides insights into the support systems available for those dealing with similar issues and emphasizes the importance of addressing shame and stigma in addiction recovery.
Again, this episode contains discussions of adult themes, so listener discretion is advised.
Questions and Topics:
When did you discover that you had waited too long to seek help, and were there earlier opportunities to do so?
Can you talk about the wake-up call and its consequences on your life and career?
How did you realize pornography was a coping mechanism for strong emotions?
Can you describe the impact of early exposure to pornography on your life?
How did your family background and expectations affect your behavior and recovery?
What methods did you try to overcome your addiction, and why did they fail?
How did you develop the Porn Reboot system, and what makes it effective?
What are the three pillars of ending compulsive behavior?
What led you to pivot from a successful sales career to running a porn addiction recovery company?
What challenges do you face in marketing your business, given the subject matter?
How do you address the shame component in your program?
How did the pandemic and work-from-home era affect people’s struggles with addiction?
How do compulsive behaviors impact business leaders and their companies?
What are the unique challenges faced by high-achieving individuals with compulsive behaviors?
Do women also face pornography addiction, and how does your approach differ for them?
Can your system be applied to other compulsive behaviors or addictions?
How does the relationship with technology contribute to out-of-control behaviors?
What impact does addiction have on a company when it involves founders or CEOs?
What advice do you have for those struggling with compulsive behaviors?
Monday Jul 22, 2024
Monday Jul 22, 2024
My guest for Episode #268 of the My Favorite Mistake podcast is Theresa Rose, a Brand and Business Crystallizer, Strategic Co-Creator, and Certified Speaking Professional who works with experts and their businesses to create one-of-a-kind visual brands they can draw on a cocktail napkin.
EPISODE PAGE WITH VIDEO, TRANSCRIPT, AND MORE
Using her Crystallization Process, Theresa helps thought leaders Clarify, Amplify, and Monetize their Brilliance as efficiently — and lucratively — as possible.
She has 20+ Years of consulting, marketing, and business management experience drives Theresa's strategic thinking, creativity, and sound foundational frameworks. Her career has included senior management roles in marketing and product development for a Fortune 100 company and high-growth startups.
Theresa is the award-winning author of several books, including Mindful Performance: How to Powerfully Impact Profitability, Productivity, and Purpose and Your Daily Dose of Mojo: 365 Days of Mindful Living and Working.
She has a degree in Business Management from Eckerd College, loves binge-watching The Great British Baking Show, and still has her Most Enthusiastic Award from Mr. Moseman’s second-grade class.
In this episode, Mark and Theresa discuss the journey of embracing mistakes and how they can lead to clarity and success. Theresa shares her experience as a brand and business crystallizer, emphasizing the importance of enthusiasm and authenticity in sales and marketing. They explore her favorite mistake of trying to follow in her mother's footsteps in direct sales, the lessons learned from it, and how it shaped her path. Theresa also delves into common marketing mistakes, the concept of triangulated sales, and her approach to stand-up comedy. Finally, they discuss the benefits of her ten-part video course on achieving cocktail napkin clarity for businesses.
Questions and Topics:
What are the three aspects of sales or persuasion that you feel strongly about?
What would you say is your favorite mistake?
How did trying to follow in your mother’s footsteps shape your journey?
Was direct sales your main focus right out of college, or was it a side hustle?
Looking back, what factors do you think led to the difference in outcomes between you and your mother in direct sales?
What are the most common marketing mistakes you see or help people recover from or even help avoid?
How did the failures or mistakes you encountered tee you up for something better?
When you say “unsupported,” do you mean marketing claims that aren't supported by the delivery of that service or product, or is it about not authentically representing the person?
What do you mean by “triangulated sales”?
How do you view a joke that bombs or a set that bombs in the context of performing comedy?
Tell us a little bit more about your experience with stand-up and improv.
Could you give a quick pitch or summary of why people should check out your ten-part video course and the benefits they will gain from it?
Thursday Jul 18, 2024
Thursday Jul 18, 2024
Welcome to a special bonus episode of "My Favorite Mistake" with your host, Mark Graban! In this episode, we're thrilled to reconnect with Terry Iverson, who has just released his second book, "Inspiring Champions in Advanced Manufacturing."
Terry joined us previously in Episode 74, and today he's back to share insights from his new book and his ongoing efforts to inspire the next generation in manufacturing. We delve into the details of his innovative two-sided book and his exciting initiatives for middle schoolers.
Tune in to hear about:
Terry's new book, "Inspiring Champions in Advanced Manufacturing," and its unique two-sided format for parents and students.
The concept of advanced manufacturing and the evolving technologies shaping the industry.
The critical importance of skilled labor in modern manufacturing and the benefits of pursuing these careers without incurring college debt.
Terry's Manufacturing Inspiration Camp for middle school students and how it's designed to spark interest in manufacturing careers.
The necessity of tailored education paths to fit individual learning styles and career goals.
Don't miss this enlightening conversation! Check out Terry's new book and discover the promising opportunities in advanced manufacturing.
📘 Get the book: https://amzn.to/4bTQO9i
🔗 Previous Episode with Terry Iverson (Episode 74): https://markgraban.com/mistake74
🔔 Subscribe to My Favorite Mistake Podcast: http://myfavoritemistakepodcast.com/
📱 Connect with Mark Graban:
Website: LeanBlog.org
Twitter: @MarkGraban
LinkedIn: Mark Graban
📱 Connect with Terry Iverson:
Website: ChampionNow.org
Email: Terry@ChampionNow.org
LinkedIn: Terry Iverson
#MyFavoriteMistake #AdvancedManufacturing #InspiringChampions #TerryIverson #MarkGraban #Podcast
Monday Jul 15, 2024
Brian Biro Shares Timeless Wisdom from John Wooden and Pat Summit
Monday Jul 15, 2024
Monday Jul 15, 2024
Episode page with video, transcript, and more
My guest for Episode #267 of the My Favorite Mistake podcast is Brian Biro, author of the new book Lessons from the Legends: New Applications from the Timeless Wisdom of John Wooden and Pat Summitt.
After graduating from Stanford, Brian’s first career was as a swimming coach. He received the prestigious United States Swimming National Coaching Excellence Award, in recognition of his team’s Top 10 National Performance. After gaining his MBA from UCLA, he subsequently rose rapidly to become the VP of Performance Planning for a major transportation company, helping to turn the business around, and quadrupling revenues in record time. He has written 16 books, including bestsellers like Beyond Success! and It’s Time for Joy!
In today's episode, Brian shares his personal story of learning to be fully present with his family, a lesson that profoundly impacted his professional life and leadership approach. We explore the leadership principles of legendary coaches John Wooden and Pat Summitt, emphasizing humility, presence, and the avoidance of blame. Brian also reflects on modern leaders who embody these values, the importance of storytelling in leadership, and the influence of characters like Ted Lasso in promoting these timeless principles.
Questions and Topics:
You mentioned your daughters asking if you loved your phone more than them. How did that moment transform your approach to being present?
Can you explain how being fully present affects both personal and professional life?
Could you share a story about how presence impacted your professional relationships, like with your director of operations?
What can we learn from the leadership styles of John Wooden and Pat Summitt?
How did you first get connected with John Wooden?
Can humility and confidence coexist in leadership?
Are there current coaches or leaders you admire who exemplify the principles of Wooden and Summitt?
What are your thoughts on Ted Lasso as a character and how he connects to Wooden and Summitt’s coaching styles?
How can leaders teach humility without relying on humbling experiences?
Why do you think blame is so destructive in teams, and how can leaders avoid it?
How does your book ‘Lessons from the Legends’ apply to non-sports contexts like business or parenting?
Monday Jul 08, 2024
Monday Jul 08, 2024
My guest for Episode #266 of the My Favorite Mistake podcast is D. Lynn Kelley, the author of Change Questions: A Playbook for Effective and Lasting Organizational Change (with John Shook).
Episode page with video, transcript, and more
Lynn currently serves as a senior advisor to BBH Capital Partners. Following a career highlighted by leadership roles in engineering, supply chain, and continuous improvement in various industries, Kelley retired from Union Pacific Railroad in 2018.
At Union Pacific, she was senior vice president of supply chain and continuous improvement. She was also the executive co-owner of the company’s innovation program.
Before joining Union Pacific, Kelley was vice president of operational excellence, an officer and a member of the executive leadership team at Textron.
Kelley holds a PhD in evaluation and research and taught undergraduate and graduate statistics courses. Before becoming a professor, she held the positions of executive vice president and chief operating officer of Doctors Hospital in Detroit.
In this episode, Lynn discusses her journey of learning from mistakes, the importance of change management, and how fostering a culture of psychological safety can drive innovation and continuous improvement. Lynn also reflects on her experiences in healthcare and manufacturing, highlighting the critical role of effective leadership and communication in successful organizational change.
Questions and Topics:
When you mentioned it was before it was referred to as lean, were people calling it the Toyota Production System or just Japanese management practices?
As Textron integrated these companies, did they standardize or adjust the metrics for the French plants to include quality and safety?
What were your other key takeaways from your experience in France, especially regarding metrics and relationship building with plant managers?
Could you share your experiences as a leader in healthcare and how they compare to your roles in other industries, particularly in terms of change management?
What prompted you to write "Change Questions," and what was the inspiration behind it?
How would the methodologies in your book have helped you during your time at Textron or Union Pacific?
How do you cultivate psychological safety to encourage people to ask questions, push back, or bring new ideas during change initiatives?
How did you change your approach to giving feedback to make it more effective, and were you ever coached on this?
How do you compare continuous improvement and innovation? Are there different ways to manage change for larger-scale innovations?
What are some of your thoughts or experiences on cultivating an environment where people feel safe to suggest changes or improvements?
What lessons did you learn about balancing the need to fit into an environment versus realizing it might not be a good fit for you?
How do you intentionally manage change when it comes to bigger innovations?
Monday Jul 01, 2024
Monday Jul 01, 2024
My guest for Episode #265 of the My Favorite Mistake podcast is a conversation with Doug C. Brown, CEO of CEO Sales Strategies, about his journey from coaching people for free to becoming a renowned sales growth expert. Doug shares the story of his favorite mistake—coaching people for free—and how it taught him the importance of charging for his services to ensure clients take action and achieve results.
Episode page with transcript, video, and more
Doug delves into his impressive career, highlighting key moments like increasing division sales by 684% and boosting close rates by 62% for Tony Robbins' team. He discusses the critical aspects of demonstrating value, understanding the right fit buyer, and why discounting is detrimental to business. Doug also explains the importance of human-to-human connections in sales and how empathy plays a vital role in building lasting relationships.
Listeners will gain insights into Doug's systematic approach to doubling sales, the significance of segmentation, and his new software tool designed to track and optimize sales processes. Whether you're a sales professional, coach, or entrepreneur, this episode is packed with actionable advice and inspiring stories that can help you elevate your sales game.
Doug's “favorite mistake” of coaching for free led to the realization that people value and act on advice more when they have skin in the game. This lesson not only transformed Doug's approach to coaching but also laid the foundation for his successful career in sales strategy and consulting.
Tune in to hear Doug's fascinating journey, his strategies for sales success, and learn how his favorite mistake led to incredible opportunities and growth. Don't miss out on this engaging and insightful conversation!
Questions and Topics:
What would you say is your favorite mistake?
Why was it a mistake to coach for free?
How do you decide what to charge for your services?
How do you make sure you don't sell yourself short?
How did you transition from your other businesses into CEO Sales Strategies?
What was the impact of increasing division sales by 684% and boosting close rates by 62% for Tony Robbins' team?
How do you demonstrate value to potential clients?
How important are human-to-human connections in sales?
How did your experience in the US Army influence your career?
What was your instrument or focus at the Berklee College of Music?
How did you end up in nuclear medicine?
Can you tell us about your new program on how to double sales and what that entails?
How can people learn more about your new program and software tool?
Thursday Jun 27, 2024
Bonus: Phebe Trotman's Update: Author of "Never Quit on a Bad Day"
Thursday Jun 27, 2024
Thursday Jun 27, 2024
Welcome to another special bonus episode of "My Favorite Mistake" with your host, Mark Graban! In this episode, we're delighted to welcome back Phebe Trotman, who has just released her second book, "Never Quit on a Bad Day: Inspiring Stories of Resilience."
Phebe previously joined us in Episode 233, and today she's here to share more about her new book. We discuss the incredible stories from decorated athletes, the lessons of resilience, and how these insights can be applied to everyone's life, not just athletes.
Tune in to hear about:
The journey of creating "Never Quit on a Bad Day" and how it fits into the series.
How athletes from diverse backgrounds overcame their challenges and what readers can learn from them.
The feedback and positive reviews the book has received so far.
Phebe's personal experiences and challenges while writing the book and caring for her mother.
The future plans for the "Never Quit on a Bad Day" series and what to expect next.
Don't miss this inspiring conversation! Check out Phebe's new book and find motivation to overcome your own challenges.
📘 Get the book: https://amzn.to/4c2nYDO
🔗 Previous Episode with Phebe Trotman (Episode 233): https://markgraban.com/mistake233
🔔 Subscribe to My Favorite Mistake Podcast: http://myfavoritemistakepodcast.com/
📱 Connect with Mark Graban:
Website: LeanBlog.org
Twitter: @MarkGraban
LinkedIn: Mark Graban
📱 Connect with Phebe Trotman:
Website: NeverQuitOnABadDay.com
Instagram: @PhebeTrotman
Twitter: @PhebeTrotman
Monday Jun 24, 2024
Monday Jun 24, 2024
My guest for Episode #264 of the My Favorite Mistake podcast is Joyce Nethery, the master distiller and CEO of Jeptha Creed Distillery.
Episode page with video, transcript, and more
With a rich background in chemical engineering and a unique journey through teaching and distillation, Joyce brings a wealth of knowledge and passion to the world of Bourbon.
In this episode, Joyce shares the inspiring story of how a family dream, combined with her expertise and a fortunate mistake, led to the creation of Jeptha Creed's unique and beloved spirits. Join us as we explore the challenges and triumphs of running a woman-owned distillery in Kentucky and the innovative spirit that drives their success.
Joyce also discusses the critical mistake that led to the development of Jeptha Creed's signature mash bills, the unique challenges of being a woman-owned and operated distillery, and the importance of family and tradition in their business. Tune in to hear how Joyce’s expertise and a serendipitous error turned into a flavorful success story in the world of Bourbon.
Questions and Topics:
Can you tell us about your daughter's role?
How rare is it to be a woman-owned and woman-run distillery in Kentucky or elsewhere?
Why did you end up in Wisconsin instead of working with a Kentucky distillery?
Can you explain the malting process and its impact on flavor?
How has your chemical engineering background and industrial experience helped with distillation and process methods?
How long did you have to wait to see the impact of different barrels on your bourbon?
As the master distiller, how do you predict what's going to age best?
How do you approach blending different barrels to achieve a consistent product?
How unusual is it to use malted wheat in bourbon?
Can you describe your experimental batches and how you finalized your products?
What is a mash bill?
Can you tell us more about bloody butcher corn and why you chose it?
How do you manage the ground-to-glass process at Jeptha Creed?
What does the name Jeptha Creed mean and how does it reflect your values?
How can people learn more about Jeptha Creed and visit your distillery?
Monday Jun 17, 2024
Monday Jun 17, 2024
My guest for Episode #263 of the My Favorite Mistake podcast is John St.Pierre, an entrepreneurial strategist, business growth advisor, and co-host of the “Entrepreneurs United Podcast” — with Rich Hoffman. They recently had me as a guest.
Episode page with video, transcript, and more
John has over 25 years of experience co-founding and growing successful businesses across various industries including co-founding and growing two companies to over 50 million dollars in revenues each.
John is currently the majority owner and chairperson of Rhombus Group, a private holding company formed in 2003 comprising several small businesses. His mission is to help entrepreneurs, intrapreneurs, and their companies achieve their goals and dreams.
He’s also the author of The $100M Journey: Your Guide To Growing The Business Of Your Dreams Without Going Off The Cliff!, a book that shares my proven strategies and insights on how to scale your business while avoiding costly pitfalls.
In this episode, John shares his profound insights on the pitfalls of trying to grow a business too fast. John recounts his journey of co-founding and expanding a company to over $50 million in revenue, only to face the harsh consequences of rapid, unsustainable growth. He shares his mistakes, such as
taking on excessive bank debt,
making poor hiring decisions, and
losing equity control,
which ultimately led to him being fired from the very company he built. Through this candid reflection, John emphasizes the importance of patient ambition, protecting equity, and aligning business strategies with personal life goals, offering invaluable lessons for aspiring entrepreneurs.
Questions and Topics:
What's your favorite mistake?
Did you take time off to reflect, recover, and reset?
Did previous opportunities lack alignment in purpose, best-in-world potential, and economic value?
Did board members or executives push back on your growth decisions, or was everyone all in?
What advice do you have for founders on when to take money, how much to take, and who to choose as investors?
How was the news of your firing delivered?
Are there specific growth points that are particularly risky, like 10 million or 50 million?
How can founders ensure they don't have blinders on and miss potential pitfalls?
What's the common theme for the businesses within Rhombus Group?
Tell us about the Entrepreneurs United podcast and how you and Rich Hoffman decided to start it.
The book's website
Thursday Jun 13, 2024
Bonus: John Rossman's Update, Author of "Big Bet Leadership"
Thursday Jun 13, 2024
Thursday Jun 13, 2024
John was a guest in Episode 242 in January 2024. That episode: https://markgraban.com/mistake242
Welcome to a pecial bonus episode of "My Favorite Mistake" with your host, Mark Graban! In this episode, we're catching up with John Rossman, who has just released his latest book, "Big Bet Leadership: Your Playbook for Winning in the Hyper-Digital Era."
John joined us previously in Episode 242, and today he's back to share insights from his new book. We discuss the critical lessons learned from industry giants like Jeff Bezos, John Legere, Elon Musk, and Satya Nadella. John breaks down the essential habits for successful transformations: creating clarity, maintaining velocity, and accelerating risk and value.
Tune in to hear about:
The foreboding prediction of the hyper-digital era.
Key strategies for transforming organizations.
Feedback from readers and insights into the book's reception.
The unique "three futures memo" tool for better alignment.
The importance of focusing on valuable problems and customer needs in the AI era.
The challenges of upfront decision-making processes and governance.
John also shares a candid moment about the audiobook production and thoughts on potential additions for future editions.
Don't miss out on this insightful conversation! Check out the book, "Big Bet Leadership," and enhance your playbook for thriving in the hyper-digital era.
📘 Get the book: https://amzn.to/3xgoBdz
🔔 Subscribe to My Favorite Mistake Podcast: http://myfavoritemistakepodcast.com/
📱 Connect with Mark Graban:
Website: LeanBlog.org
Twitter: @MarkGraban
LinkedIn: Mark Graban
About Mark Graban
Mark Graban is an author, speaker, and consultant, whose latest book, The Mistakes That Make Us: Cultivating a Culture of Learning and Innovation, is available now.
He is also the author of the award-winning book Lean Hospitals: Improving Quality, Patient Safety, and Employee Engagement and others, including Measures of Success: React Less, Lead Better, Improve More.
He serves as a consultant through his company, Constancy, Inc, and is also a Senior Advisor for the technology company KaiNexus.
Mark hosts podcasts, including “Lean Blog Interviews” and “My Favorite Mistake.”
Education: B.S. in Industrial Engineering from Northwestern University; M.S. in Mechanical Engineering, and M.B.A. from the Massachusetts Institute of Technology’s Leaders for Global Operations Program.