Mistakes come with the territory when you're an entrepreneur.
(via Fast Company)
So when Julie Rice and Elizabeth Cutler founded the high-end gym chain SoulCycle, they not only knew they faced an uphill battle, but embraced the mistakes that inevitably awaited them.
However, the pair, neither of which had attended business school, devised a unique way of looking at their shortcomings:
"The biggest piece for us, is that we look at every mistake we make as tuition," says Cutler. "So since we didn't go to business school we just say 'oh, that's part of tuition, that's fine, so we'll learn from that.'"