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The speaker shares a drastic story from their early business experience, highlighting a significant mistake involving a customer contract. At 24 years old, excited about a new project, they agreed to changes made by a customer for an event, ignoring the importance of reviewing the modifications. This decision stemmed from inexperience and a desire to secure the job. Despite the enthusiasm, the situation soured when it came time to deliver, and the speaker reflects on the consequences of letting the customer dictate terms without properly assessing the changes. This experience serves as a lesson in contract management and the importance of careful review before proceeding.