Everyone is happy to take credit for successful
outcomes, as they should if they were directly responsible for that success. That’s the easy part. The hard part is owning up to your own mistakes. There’s somewhat of an inclination to blame someone or something else for a negative outcome. The most successful people fight that inclination and accept blame for their own mistakes as readily as they accept congratulations for their success.
They do so because they realise being the boss means all decisions starts and ends with you. If you make a bad decision then you own up to h that fact, and moved forward armed with the knowledge on how never to repeat that mistake. That is a part of a process of productive growth.
By avoiding the repercussions of that mistake, you also avoid the opportunity to grow as a leader and learn from your own mistakes. In other words, you condemn yourself to repeat same mistake over and over again. So, if and when you’re faced with a bad business situation of your own making, don’t shift the blame. Accept it and move on.