Don’t make the same mistakes over and over again. We all know the definition of insanity, right? Yes, it’s okay to fail, but at least learn from it to avoid making the same mistakes again. Doing the same thing over and over again will only bring about failure, except the last timing was wrong.
True entrepreneurs don’t take the same actions again and again, while hoping for a different and better outcome than they have gotten before. As an entrepreneur, you have to accept full responsibility for your past behavior and be willing to learn from your mistakes.
Research shows that the ability to be self-reflective in an accurate and productive way is one of the greatest strengths of spectacularly successful executives and entrepreneurs.