Taking Responsibility and Learning from Mistakes: Terry Iverson

Taking Responsibility and Learning from Mistakes: Terry Iverson


Check out all episodes on the My Favorite Mistake main page.

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?
  • Episode #5 with Billy Taylor and his sports/accountabilty story

Scroll down to find:

  • Video of the Episode
  • Quotes
  • How to subscribe
  • Full transcript

You can listen to or watch the episode below. A transcript also follows lower on this page. Please subscribe, rate, and review via Apple Podcasts or Podchaser! You can now sign up to get new episodes via email, to make sure you don't miss an episode. This podcast is part of the Lean Communicators network.

Watch the Episode:


"That was the first time I really understood that you could disappoint other people and you have to think beyond just yourself."
"So I had to fess up and tell the truth, and tell my dad that I screwed up."
"Don't try to cover up a mistake because then you're, you're making a mistake about a mistake."

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Automated Transcript (Likely Contains Mistakes)

Mark Graban is an internationally-recognized consultant, author, and professional speaker who has worked in healthcare, manufacturing, and startups. His latest book is Measures of Success: React Less, Lead Better, Improve More. He is author of the Shingo Award-winning books Lean Hospitals and Healthcare Kaizen, as well as The Executive Guide to Healthcare Kaizen. He also published the anthology Practicing Lean that benefits the Louise H. Batz Patient Safety Foundation, where Mark is a board member. Mark is also a Senior Advisor to the technology company KaiNexus. He is also a Senior Advisor and Director of Strategic Marketing with the healthcare advisory firm, Value Capture.