Compassion: Sympathetic pity and concern for the sufferings or misfortunes of others.

It’s something we’re introduced to at a very young age, treat others with compassion. We’re taught to have a certain level of consciousness towards others’ situations and/or feelings. When others are suffering, we have a desire to share those feelings and alleviate their distress. But how often do we show ourselves that very same thing? How often are we practicing self-compassion?

Self-compassion: Extending compassion to one’s self in instances of perceived inadequacy, failure, or general suffering.

The competitive nature of today’s workforce makes self-compassion more vital than ever. When you’re subjected to such competition and skepticism, you have to be able to accept those opinions and move on. As an entrepreneur, harnessing a sense of self-compassion is pivotal to your success. If you choose to let every mistake or misfortune cripple your ambitions, you’ll never achieve your true potential.

It’s easy to interpret your failures as a reflection of who you are. When things go wrong, or deals fall through, it’s understandable that you’ll want to attribute those misfortunes to your own inadequacy. In your efforts to practice self-compassion, those moments of strife need to be looked at as an opportunity to grow. It’s so important that you instead consider those failures as new challenges for you to overcome.

Failure is a natural part of business. Everyone encounters an occasional setback throughout their professional journey, that’s just the nature of the game. When faced with an unexpected turn of events, know that it’s not a reflection of you or your character. Take those moments as learning opportunities, a chance to make yourself even better than you were before.

Business failures can have a significant impact on us, both emotionally and spiritually. It’s important that we take some time to reflect on the self judgement that we so habitually inflict on ourselves. Change the way you perceive failure, and show yourself the same level of compassion that we were taught to show others.