• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

I’m a Professional Reseller. Here Are My 11 Best Tips for Shopping Estate Sales.

December 15, 2025

This $9.97 Windows 11 Pro Deal Lets Small Teams Standardize Without Overspending

December 14, 2025

He Grew His Side Hustle to 25 Locations, $15M in Revenue

December 14, 2025
Facebook Twitter Instagram
Trending
  • I’m a Professional Reseller. Here Are My 11 Best Tips for Shopping Estate Sales.
  • This $9.97 Windows 11 Pro Deal Lets Small Teams Standardize Without Overspending
  • He Grew His Side Hustle to 25 Locations, $15M in Revenue
  • How My Surgery Recovery Revealed an Entrepreneurial Goldmine
  • Master AI Automation Skills for $20 and Become Invaluable
  • How to Give Netflix, Hulu, and Other Streaming Services as Gifts
  • Get a Lifetime of Microsoft Office Pro 2021 and Windows 11 Pro for Just $40
  • Jamie Dimon Says Mastering These Skills Will Lead to ‘Plenty of Jobs’
Monday, December 15
Facebook Twitter Instagram
Micro Loan Nexus
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Micro Loan Nexus
Home » I Burned Down My House — and Learned a Leadership Lesson I’ll Never Forget
Make Money

I Burned Down My House — and Learned a Leadership Lesson I’ll Never Forget

News RoomBy News RoomJuly 14, 20255 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

Entrepreneur

Among the milestones of childhood — your first lost tooth, first bike ride, first day of school — burning down the family home doesn’t usually make the list. But growing up on a farm in Idaho, my childhood wasn’t exactly typical.

I was eight. I hadn’t done anything intentionally reckless — just left a lampshade-less reading lamp resting on a pillow. On my way downstairs to breakfast, I left the light on. A little while later, my dad smelled smoke. By the time help arrived, the fire had consumed everything. Our home was gone.

What amazes me most now isn’t the fire — it’s what my father chose to do afterward.

The weight of a mistake and the wisdom of timing

I didn’t find out it was my fault until I was 16.

Apparently, the fire chief had advised my father not to tell me right away. The emotional weight of responsibility at that age could’ve been damaging. I’m grateful my dad waited. His decision wasn’t just kind — it was strategic. It allowed me to grow up without carrying a burden I wasn’t ready to process.

Looking back, I see this now as a masterclass in leadership. Not the kind they teach in business school — but the kind that matters most when you’re running a company, managing people and deciding how to handle failure.

Related: From Pain to Power — How to Understand the Link Between Childhood Trauma and Entrepreneurship

How you handle mistakes shapes your culture

As a small business owner, your team is smaller, your margin for error thinner and your influence bigger. That means every misstep can feel amplified. But it also means that how you respond to mistakes doesn’t just fix a problem — it defines your culture.

The best leaders don’t respond to every mistake the same way. They know when to be firm and when to give someone the grace to grow.

Here’s what I’ve learned about finding that balance:

1. Not all mistakes are created equal

Some errors are innocent, caused by inexperience, unclear instructions or bad luck. Others are rooted in carelessness, repeated oversight or a disregard for values. Learn to spot the difference before you react.

For example, a new employee sends a wrong invoice once? That’s a teaching moment. An experienced team member sends wrong invoices every month? That’s a pattern.

2. Grace builds loyalty

When people feel safe owning their mistakes, they grow faster and become more loyal. Correct gently. Ask questions. Share how you’ve screwed up in the past. Turning a mistake into a learning opportunity builds stronger teams and better humans.

You might say, “Let’s walk through what happened and figure out how to make sure it doesn’t happen again.”

3. Consistency builds accountability

If someone keeps making the same mistake, or it’s something that could hurt your business or brand, be direct. Set clear expectations. Communicate consequences. Your team needs to know that while you’re kind, you’re also serious about standards.

You could say, “We’ve talked about this before. I need to know you’re taking it seriously — and what you’ll do differently next time.”

4. Correct the behavior, not the person

You can be tough without being cruel. Focus on the behavior, not the character of the person. Never shame. When employees feel respected, even hard feedback is easier to receive and more likely to be applied.

5. Set the tone from the top

How you handle mistakes teaches your team how to handle their own. If you hide failures, blame others or explode under pressure, you create fear. If you own your mistakes and respond with clarity, you model what growth looks like.

Your people will copy you, for better or worse.

Related: Resentment Has No Place in Business. Here’s Why Leaders Must Learn to Forgive and Forget.

The takeaway

The fire I accidentally started taught me a lesson I never forgot: some truths are better delivered with wisdom than with speed. The same goes for leadership.

Every mistake is a crossroads. Handle it wrong, and you create fear or resentment. Handle it right, and you build loyalty, maturity and trust. That’s not just better leadership — it’s a better business.

Ready to break through your revenue ceiling? Join us at Level Up, a conference for ambitious business leaders to unlock new growth opportunities.

Among the milestones of childhood — your first lost tooth, first bike ride, first day of school — burning down the family home doesn’t usually make the list. But growing up on a farm in Idaho, my childhood wasn’t exactly typical.

I was eight. I hadn’t done anything intentionally reckless — just left a lampshade-less reading lamp resting on a pillow. On my way downstairs to breakfast, I left the light on. A little while later, my dad smelled smoke. By the time help arrived, the fire had consumed everything. Our home was gone.

What amazes me most now isn’t the fire — it’s what my father chose to do afterward.

The rest of this article is locked.

Join Entrepreneur+ today for access.

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

I’m a Professional Reseller. Here Are My 11 Best Tips for Shopping Estate Sales.

Burrow December 15, 2025

This $9.97 Windows 11 Pro Deal Lets Small Teams Standardize Without Overspending

Make Money December 14, 2025

He Grew His Side Hustle to 25 Locations, $15M in Revenue

Investing December 14, 2025

How My Surgery Recovery Revealed an Entrepreneurial Goldmine

Make Money December 14, 2025

Master AI Automation Skills for $20 and Become Invaluable

Make Money December 14, 2025

How to Give Netflix, Hulu, and Other Streaming Services as Gifts

Burrow December 14, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

This $9.97 Windows 11 Pro Deal Lets Small Teams Standardize Without Overspending

December 14, 20252 Views

He Grew His Side Hustle to 25 Locations, $15M in Revenue

December 14, 20252 Views

How My Surgery Recovery Revealed an Entrepreneurial Goldmine

December 14, 20251 Views

Master AI Automation Skills for $20 and Become Invaluable

December 14, 20251 Views
Don't Miss

How to Give Netflix, Hulu, and Other Streaming Services as Gifts

By News RoomDecember 14, 2025

Prostock-studio / Shutterstock.comLooking to give the gift of streaming TV to your favorite people this…

Get a Lifetime of Microsoft Office Pro 2021 and Windows 11 Pro for Just $40

December 13, 2025

Jamie Dimon Says Mastering These Skills Will Lead to ‘Plenty of Jobs’

December 13, 2025

How I Used 4 AI Tools to Build a 7-Figure Business While Working From Home

December 13, 2025
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

I’m a Professional Reseller. Here Are My 11 Best Tips for Shopping Estate Sales.

December 15, 2025

This $9.97 Windows 11 Pro Deal Lets Small Teams Standardize Without Overspending

December 14, 2025

He Grew His Side Hustle to 25 Locations, $15M in Revenue

December 14, 2025
Most Popular

Forget Fast Exits, Here’s What It Takes for a Company to Last

December 11, 202510 Views

Personal finance expert explains how to prepare for the end of the federal student loan pause

August 13, 20239 Views

This 5-Stock Value Portfolio Yields 4X The Market

August 13, 20236 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Micro Loan Nexus. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.