255: My Biggest Mistakes in Business, So You Don’t Have to Make Them

While it’s true that sometimes you need to make mistakes to learn, hopefully they don’t have to be YOUR mistakes! This means that you can learn from the mistakes of others, through books, podcasts, and mentors.

Today I am talking about the biggest mistakes that I made in business, so that you don’t have to make the same ones. These mistakes were costly, and if someone had told me this I probably could have saved millions of dollars.

So learn from my mistakes, and avoid them in your own business ventures!

Key Takeaways:

  • Learn how to be a “business-person” as soon as you can. Educate yourself!
  • Instead of listening to music to kill time, educate yourself with podcasts and audiobooks
  • If you just listen to educational material while working out instead of listening to music, you could be ahead of most people by about an hour a day!
  • Knowledge is not power. Applied knowledge is power. Do it!
  • Take action! Take the first step. Getting started is so essential, and too many people don’t do it
  • Don’t procrastinate!
  • When you have a thought about something you want to do, take immediate action. Otherwise, you risk procrastination over the long-run
  • Don’t take on too many partners, especially early on in business
  • Assign deadlines to projects, and put them in your calendar



  • Justin Hertzell

    James, I want to thank you for doing what you do. You’ve inspired me to start my own podcast. I am on a journey to locate the most interesting and successful folks that I can and ask them “what makes you tick?” I want to learn what gives people that inner fire, from where do they draw that mental focus and clarity? I want to discover the overarching themes, the underlying currents, I want to find the frequency that these incredible folks are operating at and through cobbling together all of this experience and wisdom learn to dial in the frequency myself. Hence the name of my show: Find the Frequency with Justin Hertzell.

    All the best, mate.


    • http://www.jamesswanwick.com/ James Swanwick

      Sounds great Justin! Go get ’em!