EPISODE · Jun 7, 2021 · 28 MIN
The Cost of Not Owning Your Mistakes — and the Power of Telling the Truth (Terry Iverson)
from My Favorite Mistake: Learning Without Blame in Business and Leadership · host Mark Graban
President & CEO at Iverson & Company Show notes: https://www.markgraban.com/mistake74 My guest for Episode #74 of the My Favorite Mistake podcast is Terry Iverson, the President & CEO at Iverson & Company, a third-generation family-owned company that produces machine tooling. Terry is the author of Finding America's Greatest Champion: Building Prosperity Through Manufacturing, Mentoring and the Awesome Responsibility of Parenting (2018). He is also founder of the ChampionNow! Foundation, formed in 2012. Questions and topics include: What lesson did Terry learn about responsibility, in the realm of high school academics and sports eligibility? Lesson about accountability, when others depend on you As a father, can you teach that story or has to be lived? Fessing up and telling the truth about a mistake in the business You don’t make a decision KNOWING its the wrong decision — but learn something? --- Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
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What this episode covers
Terry Iverson, President & CEO of Iverson & Company, shares two pivotal mistakes that shaped his approach to leadership, accountability, and mentoring. From a high school academic setback that threatened his sports eligibility to an early-career business mistake working for his father, Terry reflects on how responsibility extends beyond yourself when others depend on you. In this episode, we discuss why telling the truth matters, why covering up mistakes only creates bigger ones, and how mentors play a critical role in helping people learn and grow. Terry also connects these lessons to manufacturing leadership, parenting, and developing the next generation of skilled workers. This conversation offers practical insights for leaders, parents, educators, and anyone who wants to turn mistakes into meaningful learning opportunities.
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The Cost of Not Owning Your Mistakes — and the Power of Telling the Truth (Terry Iverson)
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