{"id":22868,"date":"2020-10-26T00:14:48","date_gmt":"2020-10-25T21:14:48","guid":{"rendered":"https:\/\/www.ibtdi.com\/?p=22868"},"modified":"2020-10-26T00:16:51","modified_gmt":"2020-10-25T21:16:51","slug":"how-do-you-learn-from-other-peoples-mistakes","status":"publish","type":"post","link":"https:\/\/www.ibtdi.com\/en\/how-do-you-learn-from-other-peoples-mistakes\/","title":{"rendered":"How to Learn from Others\u2019 Mistakes to Make Your Project a Success"},"content":{"rendered":"

\"How<\/p>\n

 <\/p>\n

There\u2019s a saying: \u201cLearn from the mistakes of others\u2014you don\u2019t have time to make them all yourself.\u201d It means that every mistake is<\/span><\/p>\n

a lesson that can teach us something new to add to our experience and skills, once we understand: Why did I make this mistake? Why did I fail? Mistakes <\/span><\/p>\n

teach us many things we didn\u2019t know. Sometimes, learning through mistakes can be especially valuable. You may start a project and invest <\/span><\/p>\n

time, effort, and money, expecting it to succeed and deliver the results you hope for\u2014then suddenly, it fails.<\/span><\/p>\n

At that point, the average person may feel frustrated and discouraged and give up on trying again. But an entrepreneur will investigate and analyze what went wrong.<\/span><\/p>\n

Where did things go wrong? By the time they recognize the mistake they made, they\u2019ve learned a lot\u2014enough to motivate them to start over, now that they understand why they failed. <\/span><\/p>\n

this time. So, since you don\u2019t have the time or a lifetime to make mistakes and learn from them, you should learn from other people\u2019s mistakes.<\/span><\/p>\n

But let me add a phrase to this saying: \u201cLearn from the ideas of successful people around you; you don\u2019t have time to discover every <\/span><\/p>\n

successful idea yourself.\u201d<\/span><\/p>\n

.<\/p>\n

How to Learn from Other People\u2019s Mistakes<\/span><\/strong><\/span><\/h2>\n

Of course, when one of us starts a new venture, after preparing the necessary feasibility studies and carefully reading about the project to understand all its details <\/span><\/p>\n

You may have some ideas of your own that you want to implement to give your project a distinctive edge\u2014and that\u2019s important. To succeed<\/span><\/p>\n

and thrive in the world of business, you need to stand out from other projects in your field. So, just as you try to <\/span><\/p>\n

learn from the mistakes your peers have made, you should also learn from the new ideas they\u2019ve put into practice and used to <\/span><\/p>\n

\u062a\u062d\u0642\u064a\u0642 \u0627\u0644\u062a\u0645\u064a\u0632.<\/span><\/p>\n

stand out. These successful, distinctive businesses may be in your field but in other countries, or they may be in your own country\u2014or even in the same area <\/span><\/p>\n

where you live. So set aside some time to study businesses in your field and learn about their methods of <\/span><\/p>\n

production, marketing, sales, collections, hiring, and more. Any one of these could be the reason they stand out. <\/span><\/p>\n

A competing business that outperforms yours and generates higher revenue and profits.<\/span><\/p>\n

.<\/p>\n

For example, suppose another business in your field is roughly the same size as yours, with a similar amount of capital and <\/span><\/p>\n

production capacity, asset base, and so on. Yet the other business achieves higher sales than yours and therefore makes greater profits, <\/span><\/p>\n

which contributes to its growth and long-term success. Why is that? Why does the other business keep growing while yours stays the same?<\/span><\/p>\n

The reason may be a simple strategy used by the competitor. For example, it may have a marketing policy that encourages customers to buy more <\/span><\/p>\n

products, such as offering lower prices when customers purchase a certain quantity, or giving customers gifts when they buy in bulk. <\/span><\/p>\n

of their choosing.<\/span><\/p>\n

\"Making<\/p>\n

.<\/p>\n

This may be because they have a creative team\u2014whether in production, sales, or marketing\u2014or an outstanding finance department; or because they add <\/span><\/p>\n

simple advantages to their products, such as paying attention to packaging and presenting them in an appealing way, as well as focusing <\/span><\/p>\n

on customers and providing after-sales service, along with many other simple ideas that drive higher sales.<\/span><\/p>\n

So, think up and develop new ideas, while also learning from the ideas of successful people around you and putting them into practice so you can succeed as they have. <\/span><\/p>\n

Here\u2019s a real-world example of a business owner who achieved great success with their venture in a short time, despite being in <\/span><\/p>\n

An area with many similar businesses, by applying a new and distinctive idea.<\/span><\/p>\n

 <\/p>\n

The business was a stationery shop, but its owner decided to price its products lower than other stationery shops by a <\/span><\/p>\n

significant margin. The difference between the purchase price and the selling price was no more than 5%. At the same time, the owner decided to sell accessories, gifts, children\u2019s toys, and perfumes in the shop, <\/span><\/p>\n

displaying them in an attractive, eye-catching way. This enabled the business to achieve great success. <\/span><\/p>\n

The lower prices of the stationery attracted many customers, especially students\u2014a group whose ages range from <\/span><\/p>\n

6 to 22. At this stage, their purchasing preferences change: they are drawn to toys first, and then to accessories and gifts. <\/span><\/p>\n

and perfumes based on age, so most of his customers were drawn to gifts, accessories, perfumes, and children's toys <\/span><\/p>\n

presented elegantly.<\/span><\/p>\n

His idea proved successful, and he was able to earn good profits thanks to the high inventory turnover. His business grew, and he opened additional branches based on an <\/span><\/p>\n

innovative, simple idea that he had researched and successfully implemented. So learn about and ask successful people about their methods and ideas, then put into practice those that suit your circumstances.<\/span><\/p>","protected":false},"excerpt":{"rendered":"

  \u0647\u0646\u0627\u0643 \u062d\u0643\u0645\u0629 \u062a\u0642\u0648\u0644: \u062a\u0639\u0644\u0645 \u0645\u0646 \u0623\u062e\u0637\u0627\u0621 \u0627\u0644\u0622\u062e\u0631\u064a\u0646 \u0641\u0644\u064a\u0633 \u0644\u062f\u064a\u0643 \u0627\u0644\u0648\u0642\u062a \u0644\u062a\u062e\u0637\u0626 \u0643\u0644 \u0627\u0644\u0623\u062e\u0637\u0627\u0621\u060c \u0648\u062a\u0639\u0646\u064a \u0647\u0630\u0647 \u0627\u0644\u0645\u0642\u0648\u0644\u0629 \u0623\u0646 \u0643\u0644 \u062e\u0637\u0623 \u0647\u0648 \u062f\u0631\u0633 \u064a\u062c\u0628 \u0623\u0646 \u064a\u062a\u0639\u0644\u0645 \u0645\u0646\u0647 [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":22869,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ibtdi_aa_focus_keyword":"","_ibtdi_aa_secondary_keywords":"","_ibtdi_aa_audience":"","_ibtdi_aa_tone":"","_ibtdi_aa_summary":"","_ibtdi_aa_reviewer_name":"","_ibtdi_aa_reviewer_bio":"","_ibtdi_aa_reviewer_url":"","_ibtdi_aa_reviewed_date":"","_ibtdi_aa_service_id":"","_ibtdi_aa_related_ids":"","_ibtdi_aa_human_reviewed":"","_ibtdi_aa_disable":"","_ibtdi_aa_disable_links":"","_ibtdi_aa_sources":"","_ibtdi_aa_update_notes":"","footnotes":""},"categories":[491],"tags":[22695,22696,22697,4497,22698,22699],"class_list":["post-22868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-491","tag-22695","tag-22696","tag-22697","tag-4497","tag-22698","tag-22699"],"_links":{"self":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/22868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/comments?post=22868"}],"version-history":[{"count":0,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/22868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media\/22869"}],"wp:attachment":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media?parent=22868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/categories?post=22868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/tags?post=22868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}