How to Deal with Failure

Failure is a lack of success in doing or achieving something.

The best entrepreneurs value failure, are comfortable with the idea of failing and have learned to turn failure constructively to their advantage. Therefore, rather than being afraid of failure, here is how to deal with them to prepare you for success:

1. Identify your weaknesses and learn from them.

We should see failure as a learning step towards future achievement.

Once you have acquired knowledge that comes with a setback, you are a more valuable contributor than you were before and more valuable than people who had never gained the experience before. You may have paid a huge price for those hard life lessons, but you are better educated than the people who haven’t paid them yet.

2.Turn negative challenges into a motivation to prove yourself.

When things go wrong or people do not believe in your abilities, rather than feeling depressed or drowning in depression; you should see it as a challenge and motivation to work harder and prove yourself.

3. Persevere

Don’t be too quick to give up. The fact that you tried something and didn’t work out well doesn’t mean it can never work. If you do not succeed at the first trial, you may succeed at the second trial or the next.

4. Know when to stop

Don’t over persist through failures to avoid digging a deeper hole. Some people believe that holding on and hanging in there are signs of great strengths. However, there are times when it takes much more strength to know when to let go and then let go. We should be able to tell when our persistence is becoming destructive. Instead of exposing ourselves to that danger, we should heed the Chinese proverb that says, if you must play, you must decide on 3 things at the start; the rule of the game, the stakes, and the quitting time’’ and then act if it’s time to fold our arms.

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