Have you ever come across a leader who acts and commands with no regards to the consequences? And when something does go wrong he doesn’t accept responsibility for the mishap?
He’s a leader who is unwilling to pay the price for being wrong.
This type of leader can be the most dangerous. He’ll go full throttle. Throwing caution to the wind. Allowing every idea to be played out.
But a real leader knows that there’s a price to be paid when he is wrong.
He may be reserved. Restrained. Or cautious.
And yet he knows action must be taken to succeed. Risks must be taken. Mistakes will be made.
He’s willing to take the calculated risks. Ones that have at least a chance to succeed.
Because he knows this, he knows his decisions must be examined.
Here are the areas that must be examined and you must be willing to pay the price for being wrong.
- Morals: When you leave your morals in the dust, there will be consequences. A price will have to be paid. It may be your marriage, your reputation, or your career. Ditching your morals is a sure-fire way have having to pay the price.
- Business Decisions: Most wrong decisions will not bring your business down. But there are a few bad business decisions that can destroy it. Be sure you’re making wise choices or be ready to pay the piper.
- Partnerships: Teaming up with the wrong people can harm your reputation in the long run. Are you willing to pay the price for partnering with someone that offends your customer base? Think it through before you partner with the wrong person.
It’s not necessarily wrong or bad to make a wrong decision. That will happen more often than any of us will like to admit.
The true test is whether or not you’re willing to pay the price for being wrong.
It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.
— Thomas Sowell
Question: How have you had to pay the price for being wrong? How did it make you feel? Please share your thoughts in the comment section below.