The big oomph comes in life when is able to make a comeback post a financial disaster as it shows that You have the capability to rise despite odds and a you are a man of fine mettle. Have a look at 3 strategies which can be used to recover from financial disasters:
- Always depersonalize failure and never personalise the mistakes. Never beat yourself for the errors. Learn from the mistakes and move on in the life. Remember, being too reflective is death for an entrepreneur.
- Keep a prudent cash reserve -- reversals happen, so live beneath your means.
- After a fall, pick your self up -- focus on what worked, eliminate what didn't, and swing that bat again.
Just remember that their is always another day to get started in life and this is the key to success in life and in stock market.