Learn how to take losses quickly and cleanly. Don’t expect to be right all the time. If you have made a mistake, cut your losses as quickly as possible.
December 18, 2012
The man sitting across the table suddenly stood up unable to contain his excitement. “Look,” he said. “We know how to open and run restaurants! We did it for years at Bennigan’s Steak and Ale. Only this time we will be doing it for ourselves.” Chris Sullivan was telling the story of how he started Outback Steakhouse, and...