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From another business manager's point of view.
The first thing I would look at is how easy I could replace you. I know that sounds cold, but-it's business. It takes a lot of time, effort and cash to train a new employee. Plus, sometimes your area doesn't have enough skilled employees.
aephi alum has the best advice for mending fences in the immediate future. (Excellent actually)
However, time is money...IF you cost MY business MONEY as in a lot of money , it would be felt and therefore, I would be POed. If this is a multi million dollar company or one that has a lot of employees, you may be OK, but stuck for YEARS at your current level.
I know there may be some more accepting "bosses". It would really boil down to how much you contribute to the success of the business. If in the big picture, you have made/saved money for the company, then your confession of this oversite may be enough. YOU MUST work your butt off toward redemption. If you are not an integral part of the team, start looking and keep looking over your shoulder, cause your head may be on the block.
Like they say-It's just business.
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