Hello Old Soul and welcome to TT.
Your first attempt is certainly a success: he already looks great and you can expect to make a perfect bear (if such a thing exists) on the first try.
A few observations (from a teddy bear collector, not a maker): you are right about the nose stitches, they seem somewhat uneven. I also can't see on the photo if the bear has a mouth (how else is he going to eat honey). Maybe the positioning of the eyes could alter his expression somewhat (you could experiment by placing them at different angles and see how his expression changes).
But nevertheless: excellent job!