In business, just as in life, failure is inevitable. You will make mistakes. You will falter. You’ll chase bad ideas, and let good ones pass by. And just as in life, your business depends on whether or not you were able to learn from what happened, and make sure they don’t happen again.
With each new step along the path to building your empire, you must be able to look at the steps before, whether they were forward or backward, and put what you have learned into effect. Only by looking back are we able to move forward.
What have you learned from your mistakes, and how are you going to implement the knowledge in the future?