How to Handle Setbacks and Learn From Your Mistakes

In this video, Entrepreneur's Dan Bova explains how every entrepreneur should approach obstacles.

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Entrepreneurship can be a rocky road, full of setbacks, challenges and, often, failure. That being said, an integral part of being successful as a founder is to understand exactly where you went wrong and learn from your mistakes, so you don’t make them again.

Related: 3 Tips to Transform Setbacks Into Success

That’s what Entrepreneur’s Editorial Director Dan Bova teaches us. In this one-minute mentor video, Bova shares an Entrepreneur article that inspired him, outlining how entrepreneurs can move forward when faced with major setbacks. And what it all comes down to is embracing failure, dealing with obstacles head-on and breaking them down so you can get an idea of where exactly you went wrong.

Related: When Setbacks Happen, Ask This Question

“Taking a 30,000-foot view of failure can make it seem gigantic and impenetrable,” Bova explains. “But if you dig in and pick apart each step, you can pretty much pinpoint where things went wrong and figure out what to do next time.”

To learn more about pushing past obstacles, click play.

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