Oh man, I always have the 'ugly phase', so I really hate showing off my work during that time. I sometimes even get upset about it, and think that it wont get much better.
The trick for me is to just... not stop. Keep at it, and eventually you'll work it into something that you think is 'okay'... or even 'wow! this is better than I thought it'd be!'. I sometimes have a difficult time going back to a piece that I left in the 'ugly phase', so I tend to keep at it until there is at least one element of the piece I'm at least 'okay' with.
Maybe that could help for you?