Bangalore: This person, who founded one of the famous production houses in the world, was once fired by a newspaper editor because, "he lacked imagination and had no good ideas". Believe it or not, the person was none other than Walt Disney, who said, "You may not realize it when it happens, but a kick in the teeth may be the best thing in the world for you." Bill Gates too was dropped out of Harvard. His first business with Microsoft co-founder Paul Allen was also a failure. While this early idea did't work, Gates' later work did, creating the global empire that is Microsoft. True, no successful person has climbed the career ladder without encountering some failure along the way, including Walt Disney and Bill Gates. Failures are sometimes small and sometimes huge. Some can upset a career, while some can lead you in a direction never really imagined or planned for. But the bottom line is failure is a fact of life. If it can sink you, it can be the beginning of a rebirth too. What shapes the overall outcome is your attitude and response to that failure. Don't let your hopes die when you have a set back at business or trouble with your job, who knows a few years down the line, you would look back and say, "Being fired was the single best thing that ever happened to me." Learn from failure With every failure, we learn one more way we can abandon and focus in on what may be the correct way in the future. Failure teaches us that we need to change our plans. It teaches us that there is some mistake in our decisions that needs to be rectified. It's very important to take failures personally and learn from them rather than simply dwelling on them.