Successful entrepreneurs make mistakes, but they are able to turn these missteps into learning opportunities for the future. "I always try to find the people who are just a little bit ahead of me and learn from their mistakes," said Menkiti Group founder Bo Menkiti, one of the entrepreneurs who participated in a recent panel discussion. Menkiti says he learned from a situation earlier in his career in which he didn't do enough to keep his employees on the right track.

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