Eric Ries, in his book "The Lean Startup", states that mistakes are beneficial to the development process of a new business. However, he says that it is important to fail as soon as possible and to learn as quickly as possible! In other words, entrepreneurs should keep their failures small and should also eliminate them while they are not creating bigger problems..
The UK is on the brink of a sea change. When it comes to starting a business, technology has levelled the playing field, opening up new opportunities for young people to drive change. More than half of those in the UK aged 18-25 want to set up their own business and almost one in six are now in the process of doing so, compared with less than one in ten only a year ago.
While working as a consultant in London a few years ago, I remember it as a "suit city" like New York. However, over the past two years, a lot of investment has been committed to change this - as evidenced by the Sirius Programme. This shows that the British government is taking this movement sirius-ly and will support its growth over the coming years.