What is Good About Failure?

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Almost all of us experienced failure in our lives; in business, studies, relationships, etc. Most of us who did learned it the hard way. Even the most successful business men underwent this ordeal before making it to the top. Walt Disney was fired from one of his jobs, and both Disney and Henry Ford saw ventures end up in bankruptcy before they made it bigtime. Bill Gates, who regularly tempts failure at Microsoft, likes to hire people who have made mistakes. What are your failures that inspired you to do better in life? What did you achive out of it?