While I’ve had my fair share of successes across two businesses, I’ve also made plenty of mistakes along the way.
In this episode, I want to talk about a crucial skill every firm owner needs—and explain why ignoring it can lead to costly missteps.
Listen below.
0:34 Some of the mistakes I’ve made were due to my lack of experience in specific technical aspects of the business.
0:55 I’ve made mistakes by ignoring something I shouldn’t have—my gut. It’s essential for firm owners to trust their instincts and not overlook this critical skill.
1:29 An insightful article from Harvard Business Review, When to Trust Your Gut, explains that we’ve evolved to experience emotions that help us protect ourselves and avoid danger.
1:47 Sometimes a decision may seem appealing on paper, but if it doesn’t feel right, that’s your gut speaking—and it’s important to NOT ignore it.
2:00 Early in my business career, I often ignored my gut because it felt easier to proceed with the decision than to consider the alternative.
3:14 Trusting your gut is never easy. As I’ve mentioned, it’s often simpler to ignore it.
4:14 I want you to focus on not ignoring your instincts. While it’s challenging, especially in the quantitative world of accounting, sometimes we need to look beyond the numbers.
