Failure is one of the best learning tools out there. Of course, taking the time to address lessons learned is never easy. It takes a strong desire to improve performance, the humility to be open to criticism and the courage to do so. Not living up to one’s expectations can be a direct route to depression if not managed properly. Fortunately, there are ways around it.
In the Navy, we hosted after-action reviews as a means to improve overall awareness and build organizational learning. The objective was to compare what we planned to do with what actually happened and then identify what caused the change. Without taking the time to reflect upon the past, there will be limited mobility to act in the future.
Business is no different. To gather entrepreneurial lessons, I spoke withTabitha Naylor, founder of Successful Startup 101, an online magazine that provides a wealth of startup tips and advice. Here are five practices she avoids: