Short YouTube video (Shorts) by Vince Reed arguing that you do not have to learn only from your own mistakes; instead, proactively study both successful and failed business owners and learn from their actions to avoid personal failures. The speaker references his own many failures (e.g., a software company) as background for the advice.
What I've learned, which I wish more people would talk about, is that you don't actually have to learn from mistakes. You can learn from other people's mistakes. And this is where people go wrong. So, like, for example, the world will look at someone who's failed at something and write them off and say, oh, that person's failed. Don't listen to them. You have to look at what they did in terms of how they failed and learn from it. So for me, what I've learned as I've gotten older is to find as many business owners as I can that have had success and the ones that have failed. And I try to learn from them so I don't have to learn from any more failures. Because as you guys can see from the dm, I've made a lot of them, like that software company. A lot of them. Yeah.
