Why learning is important to entrepreneurial success

How do we learn from our mistakes to come back stronger? This is especially important for the entrepreneur, who takes risks and faces setbacks. The ones who learn from their mistakes are the ones most likely to succeed. Reflecting on past events is an essential link between past action and more effective future action. The harder the decisions we make, the more difficult the process of reflecting becomes. We've all encountered people who appear to stumble along, oblivious to the lessons of the past, continuously making the same mistakes, repeating them again and again. This is a good example of those who fail to learn.

Entrepreneurial Diary – Week 5 – Building the Business Case

Now we've passed the elevator pitch, we're free to move onto the next stage - to develop a full business case and prepare a full sales pitch to deliver to the dragons. The last week has seen developments in the…

Entrepreneurial Diary – Week 4 – Delivering the Elevator Pitch

We delivered our 'elevator pitch' of a single page PowerPoint poster and a 5 minute briefing to the course tutor and it all appears to be going according to plan. Reflection on the elevator pitch How did it go? We…

Entrepreneurial Diary – Week 2 – Opportunity Theory in Practice

MBA- New Venture Challenge. Entrepreneurial Project week 2 - selecting a new venture concept and entrepreneurial theory in practice. Entrepreneurial theory, Opportunity Theory. How do you identify new entrepreneurial opportunities? Lumpkin. Groupthink. Learning how to be an Entrepreneur

Entrepreneurial Diary – Week 1 – Creativity and Opportunity Theory

Becoming an entrepreneur - week 1 Academic theory behind setting up a new venture business and applying entrepreneurial theory in practice. Creativity and Opportunity Theory, Porter's Four Forces of Entrepreneurial Opportunity