Learning from Business Failures and Mistakes

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How would you feel to learn your financial planner came close to bankruptcy five times? Maybe I should have considered that question before I told the world about my business mistakes in an interview with Morey Stettner that was published July 18, 2022, in MarketWatch.com.

I’ve often told clients that I’ve made several business mistakes, which means I can help them avoid making the same ones. Still, as open as I am with clients and others about my past mistakes, I realized I had omitted important parts of the story.

Some folks might conclude from the article that I went bankrupt. I did not. A Certified Financial Planner who did so could lose the right to use the CFP designation. Readers also might assume that I could still be struggling financially, something any client of a financial planner would be wise to be concerned about.