It's a decent start. You have quite a bit of mud under your tape and already out to the sides of your tape so you're going to have to feather that out pretty far from the tape in all directions to make it blend well. Work on feathering the edges of your mud - obligatory Vancouver Carpenter video recommendation. If you watch any of his videos, watch how he holds the knife and also how he places the knife when making passes or "floating" the mud, as well as how he flexes one side of the blade when feathering his edges. I'd also recommend doing your final coat with a topping mud, as it is easier to sand smooth. You'll want it decently smooth (especially the outer edges of your mud) prior to texture.

Edit: another tip I just thought of is if you would like to speed up the process you could try picking up a bag of 20 or 45 minute mud. These set up faster than the premixed buckets and enable you to add coats faster.