• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Arkansas Capital Corporation

  • Facebook
  • Instagram
  • LinkedIn
  • Google My Business
  • Impact
    • 2021 Impact Report
    • 2019 Impact Report
  • About
    • Meet Our Team
    • Company History
    • Success Stories
    • Honors & Awards
  • Products & Services
    • Lending Services
    • Lending Partners
    • Entrepreneur Education Foundation
    • Community Development Finance
    • EB 5 Regional Center
  • News
    • Blog
  • Careers
  • Contact

Jul 16 2018

Secrets to Managing Your Business Mistakes

Secrets to Managing Your Business Mistakes | Arkansas Capital Corp.

Whether you forgot to attach an important document on an email, you lost a client, or you allowed private user data to be shared with third parties (we’re looking at you, Zuckerberg); mistakes are inevitable. Sure, you may feel embarrassed or even ashamed, but with these insider secrets, you can turn your business kink into customer loyalty.

Keep Things in Perspective

Unless you’re a pilot, surgeon or President of the United States; any mistake that you make at work can likely be quickly corrected. So don’t sweat it! Take a deep breath, count to ten and keep things in perspective by not responding in a way that’s bigger than your blunder. As Psychology Today writer, Dr. Suzanne Gelb, puts it, “On the freeway of life, [your mistake] is a parking ticket, not a multiple car pile-up.”

Immediately Admit the Mistake

In work and in life, the true test of character comes out in chaos. After all, how you respond to messes and mistakes could convert a potential business loss into a loyalist. But first, you have to own up to it. Being as swift and concise as possible, start with supervisors and any parties involved, and explain your mistake honestly and thoroughly. Recognize where you went wrong, and explain how you’ll recover from the situation. Your boldness will show your team the importance of remedying problems.

Consider the Customer

Take a walk in your customer’s shoes, and consider what would exceed your expectations if roles were reversed. Yes, you should absolutely apologize, but then follow it up with a “wow” factor. Your customers should leave the experience feeling more than satisfied– they should be excited.

Actions Speak Louder than Words

It’s a cliché because it rings true. The best way to earn back people’s trust and admiration is to be consistent at delivering great work. Take necessary precautions to avoid your past mistakes, and in the meantime, do your very best. With a strong work ethic, any occasional “oops”-inducing issues will be quickly forgiven and forgotten.

Call the Pros

The truth is, there’s nothing you can do to stop problems from popping up. Your response though? That’s in your control. And if you ever have any questions, don’t be afraid to call on professional help. Our staff at Arkansas Capital has provided lending expertise and support to Arkansas businesses for over six decades, so no matter what your inquiry is, we have the information to help.

Categorized: Arkansas Capital Corporation Group News>Lending News Tagged: 504 lending, 504 loans, arkansas business, Arkansas entrepreneur, arkansas entrepreneurship, arkansas lenders, arkansas lending, arkansas small business, arkansas small business help, arkansas small business lending, arkansas small business loans, arkansas startups, business plan, entrepreneur, little rock lending, memphis entrepreneur, memphis small business, memphis startup, Small Business, small business lending, startups, student entrepreneurs

Primary Sidebar

Recent Posts

  • Why New Market Tax Credits from Our CEO, Sam Walls
  • Entrepreneur Loans: The Lending Assistance Options Available to You
  • Arkansas Capital Corporation’s Commitment to Community Engagement and Development
  • New Market Tax Credit vs. Opportunity Zone: Pros and Cons
  • What Does It Mean To Be NMTC Qualified?

Footer

Contact Information

Little Rock
200 River Market Avenue, Suite 400
Little Rock, AR 72201
800-216-7237 or 501-374-9247

Fayetteville
2928 North McKee Circle, Suite 113
Fayetteville, AR 72703
479-251-1732

  • Facebook
  • Instagram
  • LinkedIn
  • Google My Business
CDFI
  • About
  • Products & Services
  • Blog
  • Contact Arkansas Capital

Copyright © 2023 Arkansas Capital Corporation

Cleantalk Pixel