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When we experience failure in business, it's very hard to see a silver lining because of the negative psychological impact that it has on us.
There are two types of people; those who accept defeat and those who see failure as a learning experience.

Key points to take away from failure:

1. Gain knowledge and advice from the people around you. You may not be a professional or an expert in a particular field but someone you know may. Use this to your advantage and try to learn as much from them as possible.

  1. The obstacles we face after failure are so easy to accept because it's more comforting to place the blame on an external factor. We've learnt from people like Steve Jobs that very few things are impossible; you just need to want it badly enough and be willing to fight for it. "I tried but the odds are just against me." "I don't have the resources to make it happen." There is always a way, you just need to find a clear path.

  2. Focus on your users and your target market. Use as much of the valuable knowledge that you own to work things in your favour.

  3. Be nice but confident. Be nice whenever you can, even if people are mean to you. It helps in the long run.

  4. Find a routine in your daily life and stick to it. This allows you to create a form of consistency in your day. It also allows you to keep track of your daily successes. Set daily routines and goals and make them a priority because it will help you to focus on what really matters.

So use your business failures to build on yourself as a person and to build a stronger product. Don't be afraid of failure - embrace it.

Source: Thrive Global

This article first appeared on 947 : Key points to learn from failure (that you won't learn in college)

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