Franklin McLarty on What Big Auto Manufacturers Must Do to Stay on the Road (Executive Q&A)

by Arkansas Business Staff  on Monday, Apr. 14, 2014 12:00 am  

Franklin McLarty

What has been your biggest mistake in business, and what did you learn from it?

Over the years I have learned that a prior mistake should not disproportionately influence your decision to take future risk or tackle new challenges. As an entrepreneur you have to approach business opportunities recognizing the possibility that certain things will not develop as you planned or expected. Therein lies an important lesson: Learn from your mistakes, but do not be held captive by them.

What’s the best lesson you’ve learned from your father, Thomas F. “Mack” McLarty, who served as President Bill Clinton’s White House chief of staff and counselor?

Treat people well and fairly, always, no matter what.



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