How an entrepreneur can learn from their mistakes

Analyse what went wrong as you learn new things and take in new knowledge.Do a post-mortem of the business, and inspect what could have been different. Perhaps the business model you used was not as smart as it could have been? Perhaps the line of credit was dubious?Ask yourself: what am I missing? What don't I know? Because, you failed because there is something that you do not know, and it is down to you to figure that out.Endeavour to learn and apply, what is called, reflection in action, where you are adapting and learning new things as you experience them; changing your strategy as you learn new strategies. Here are some strategies and lessons that I have learnt over the past few years.Find a mentor and get his opinions on your business, I work with small businesses/entrepreneurs to talk about their business and discuss how they can become more profitable. Click here to learn more.Take a break from the business and come back to it - have a look at it again with fresh eyes.Question of the day: What mistakes are you making now? And, what can you learn from them?Want to know how I can help you more: https://www.nantchev.com/consultingLearn more about me: https://www.nantchev.com/Subscribe to me on Youtube: youtube.com/nantchevFollow me on Instagram: https://www.instagram.com/adriannantchev/