Business Quote by Carlos Slim
“All businesses make mistakes. The trick is to avoid large ones.”
About This Quote
Source Interview: Business Insights, 2015
Mistakes are inevitable; the key is to manage risk and prevent small errors from becoming catastrophic.
In simple terms: Avoid big mistakes by learning from small ones.
Key Takeaway
Focus on risk mitigation and learning.
Themes
risk management
learning
business strategy
Mood
analytical
pragmatic
Type
business
motivational
When to use this quote
- startup planning
- financial decisions
- product launches
Key Concepts
error analysis
preventive measures
Questions to Reflect On
- How do you identify which mistakes could become large?
- What systems do you have to catch errors early?
A Different Perspective
Small errors can still accumulate into larger problems if ignored.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)