How to Handle Setbacks and Learn From Your Mistakes In this video, Entrepreneur's Dan Bova explains how every entrepreneur should approach obstacles.

By Rose Leadem

Opinions expressed by Entrepreneur contributors are their own.

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.

Rose Leadem is a freelance writer for Entrepreneur.com. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Branding

How to Build a Strong Brand Identity for Your Early-Stage Startup

Branding might not be your first priority, but neglecting it can hurt your startup. A strong brand identity early on sets the stage for marketing success.

Science & Technology

From Data to Destiny — How AI Can Turbocharge Your Business Future

Are you ready to embrace the power of AI with trusted data? Let's transform challenges into opportunities and propel your business into the future.

Business News

Elon Musk's DOGE Is Hiring People Eager to 'Work Long Hours' to Eliminate 'Waste, Fraud and Abuse' in the Government. Here's How to Apply.

The Department of Government Efficiency is hiring U.S. citizens to help cut spending and headcounts in the federal government.

Business News

'Everyone Can Profit From It': What Is DeepSeek? China's 'Cheap' to Make AI Chatbot Climbs to the Top of Apple, Google U.S. App Stores

DeepSeek researchers claim it was developed for less than $6 million, a contrast to the $100 million it takes U.S. tech startups to create AI.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Uber's CEO Says Drivers Have About 10 Years Left Before They Will Be Replaced

Uber CEO Dara Khosrowshahi says the jobs of human drivers are safe for the next decade, but after that, another type of driver will take over.