We are in the season of failure and everything looks bleak.
With that said, it’s important to remember it’s OK to fail. We all have failures, and they define our character.
This week, someone told me that we go through rough market periods so that we can treasure the times when the market moves in our favour.
I think it’s different than that. Not everyone can succeed in any business. The ones who can succeed however are those who have failed in the past and learned from the process. You must be able to admit you don’t have a viable plan, and then plan on the next steps. If you panic and ignore the facts, you are dead. You have to carefully understand what you have, what you do not have, and what your real options are.