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Thursday, March 27, 2008

How successful people handle failure

So often I hear people hoping and praying that they don't fail. Why are so many people fearful of failure? Everyone, at some point experiences failure. Some once while others more than once.

Successful people (or companies) do not fear failure. They know that failure is just an event. They know that when this event occurs, they should not ignore it. They analyze the circumstances and get to the root cause of the failure. They take corrective actions and, most importantly, they do not stay idle too long and move beyond this event.

Failure is a key ingredient to success. The point to remember here is not to act in a way that invites failure, but to acknowledge the event when it happens and to take steps to ensure a better outcome. Now, failure is an event and for some this event may occur more than once. Continue to actively analyze and apply corrective actions.

One should do his or her best in whatever one does in life (or business). Put forth a sincere effort. -And if, whatever one does, does not work; then learn from it and don't do it again. Try something else. If failure happens again, then learn from it again, and try something different again. Just because one ad campaign fails or a few employees do not work out, or some one cheats you, this does not mean you pack up and go home. On the contrary; analyze what happened, determine the root cause of the problem, and make improvements to ensure the same thing does not happen again.

Successful people do not sit idle. They do not repeat their mistakes. They learn from their mistakes and move forward.

"When one door closes another door
opens; but we so often look so long and so regretfully upon the closed door,
that we do not see the ones which open for us." - Alexander Graham
Bell

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