Tuesday, April 26, 2016

Learning from Failure




Learning from Failure 


“Failure is part of the process of success. People who avoid failure also avoid success.” - Robert T. Kiyosaki


Learning from our failures, both personal and professional, is no easy task, especially when we’re frustrated, disappointed or demoralized. It can be embarrassing to fail and we all do it. It is a natural part of growth and risk.

Every business leader experiences roadblocks in the daily course of events. Understanding failure as opportunity can often set the course for new successes, strengths and can be the most important factor in going forward in a positive way from a business failure. For example, business leaders that belong to a peer group typically have members of that group who have been through some type of business failure. Belonging to a peer group can help you learn from those type of experiences and enable you to grow as a leader. 

To benefit from a business failure, the best and brightest often set a long-term goal incorporating the strategies learned from the false step in order to understand how to correct the course and avoid repeating mistakes. Many people in business and in life ignore and try to forget mistakes which are not productive. That long-term goal includes the time and effort it takes to educate and include a team approach to accomplish this goal and reach that ongoing successful attitude. We should all learn that perfect moments may never come and we could end up losing the opportunity to fix our failures.

Understand that being open about a failure leads to improvements in your professional and personal life.  Success comes from failure, and fearing failure can only make you unsuccessful. Tackle your business failures with persistence and understanding while setting a long-term goal for future achievements. 


Kelly D. Scott
Chairman/CEO
Vistage Florida 

Wednesday, April 20, 2016

Peer Advisory Groups ~ Kelly Scott, Vistage Florida



Peer Advisory Groups

From billion dollar corporations to small local businesses, associates and owners can benefit from the collaboration of professional peer advisory groups. Peer advisory groups allow professionals to connect with other entrepreneurs from different industry backgrounds to share alternative ideas and solutions to challenges and opportunities. The purpose of a peer advisory group is to cultivate the wisdom and imagination among the group, creating a mixture of routes to making better decisions.
Teamwork among a peer advisory group allows members to grow their circle of contacts from a diverse pool of industries and organizations. Not only do members usually see an increase in annual revenues while lowering overhead costs but, this teamwork creates a problem solving and an opportunity atmosphere that builds more effective leaders.
One of the most valued assets in a peer advisory group is the trusting relationships built among its members. In the groups, individuals count on each other’s integrity to keep secure data and solutions confidential. Building trust in the decision making process requires the group to be open, professional, unbiased and attentive to the needs and concerns of all parties participating. 
Peer advisory groups are a way for startup entrepreneurs as well as senior leaders to be part of a positive integrative process that advocates growth and champions a joint effort to grow each individual business. Over time, peer advisory groups establish an alliance for effective growth and trust leading to future business success. 

Kelly D. Scott
Chairman/CEO
Vistage Florida