A key aspect of becoming a successful entrepreneur is being prepared to fail, and being prepared to learn from failure.
Taking time to reflect will allow you to recognise key learning points that you can take away from your experiences. Implementing actions based on your learning will improve the way you approach your challenges and ensure you become a more accomplished entrepreneur.
Without this, you may well find yourself making the same costly mistakes, becoming demoralised and ultimately spending a lot of time and energy with little progress to show for it.
And if you feel that you’re not failing at anything, then you’re certainly not pushing yourself hard or fast enough!
Entrepreneurial Development Officer