Episode 50: The Most Profitable Way to Handle a Big Mistake
Manage episode 497531478 series 3647057
Ever totally dropped the ball and had to face it head-on? Rich Lennon forgot his breakfast meetup. Yup, the one he organized and promoted. But instead of hiding from the embarrassment, he turned it into a masterclass on how to handle mistakes in business and life in a way that builds more trust, not less.
In this episode, Rich Lennon shares a real-life failure and walks through the 4 simple but powerful steps that can turn a mess-up into momentum. If you’re an entrepreneur, investor, or just a human being who makes mistakes (so… all of us), this is a must-listen.
You’ll Learn How To:
- Own your mistakes without making excuses
- Apologize in a way that builds respect and credibility.
- Make things right—even when it costs you.
- Turn an embarrassing slip into a relationship builder.
- Handle private money mishaps like an actual pro.
Who This Episode Is For:
- Entrepreneurs who want to build a reputation of integrity
- Real estate investors manage relationships with lenders or partners.
- Anyone who’s messed up and wants to learn how to recover with grace
Why You Should Listen:
Mistakes aren’t the end, they're often the beginning of deeper trust. The way you handle failure says more about your character than the mistake itself. This episode gives you a straightforward, human-centered approach to handling those challenging moments so you come out stronger, not smaller.
What You’ll Learn in This Episode:
[00:00] The breakfast mistake that inspired this episode
[01:00] Why trying to cover up your mess-up only makes it worse
[02:00] Step 1: Own it (no excuses)
[03:00] Step 2: Apologize sincerely
[04:00] Step 3: Make it right—even if it costs you
[05:00] Step 4: When to take the financial loss (and why it pays off later)
[06:30] How owning your mistakes wins trust (and future deals)
Follow Rich Lennon here:
Website: https://richlennon.com/
Facebook: https://www.facebook.com/rich.lennon.121
Instagram: https://www.instagram.com/richlennon92/
59 episodes