From the Little League pitch to the executive suite, failure is a natural part of the human experience. And, that failure can be a valuable learning experience for us. However, it’s often difficult to understand what we should take away from a situation, and it’s easy to be hard on ourselves. What matters is learning how to stand up and push on after a failure. Here are just a few things that professionals should keep in mind when plans go awry.
Not All Failures Are Bad
On the surface, the word “failure” has negative connotations, while “success” is considered its positive antonym. However, there are such things as good failures. These good failures may involve less-than-ideal results, but they also impart valuable lessons that can be applied to future situations. The ability to identify what might go wrong, and the additional benefit of knowing when to pivot or how to mitigate that risk, can go a long way in the business world.
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Michael Babyak Financial Advisor 