Nancy Ho on Losing $300K in 5 Months: Lessons on Overcoming Failure, Life Purpose, and Work-Life Integration

My Favorite Mistake: Business Lessons from Failures and Success

My guest for Episode #286 of the My Favorite Mistake podcast is Nancy Ho, a distinguished Life Strategist, Clarity Messenger, and State of Mind Specialist with over 26 years of experience guiding individuals toward holistic success.

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Episode page with video, transcript, and more

Throughout her illustrious career, Nancy has empowered over 10,000 clients, including C-Suite executives, mid-level managers, and business owners, to navigate the intricate balance between professional achievement and personal fulfillment.

She’s co-author of the book Success Redefined with Jack Canfield.

In today's episode, Nancy shares the story of her favorite mistake—losing $300,000 in just five months pursuing a lifelong dream of opening a wine bar. She reflects on the critical lessons she learned about the importance of due diligence, trusting gut instincts, and recognizing misaligned partnerships. Nancy discusses how this experience shaped her approach to coaching, helping clients uncover their life purpose, navigate the paradox of professional success, and integrate work and personal fulfillment. She offers practical strategies for managing stress, addressing incomplete tasks, and shifting from fear-based thinking to resilience and clarity. Nancy’s insights provide inspiration and actionable advice for anyone striving to align their career, values, and sense of purpose.

Questions and Topics:

• What is your favorite mistake?
• What were some of the biggest challenges you faced during this venture, and how did you handle them?
• What lessons did you learn from this experience, and how do you apply them in your work today?
• Do you have any regrets about walking away from the business?
• What is your life purpose, and how do you help others articulate theirs?
• What do you mean by the “professional paradox,” and how do you help clients facing career and life challenges?
• How do you approach unraveling the root causes of professional struggles for your clients?
• What strategies do you recommend for managing stress caused by incomplete tasks?
• How do you help clients shift from fear of failure to a mindset of resilience and growth?
• How has this mistake influenced your approach to life and business coaching?