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Secret Millionaires Club: Warren Buffett's 26 Secrets to Success in the Business of Life by A. Heyward

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SECRET #8

If You Fail, Try Again

SECRET #8 Failure is not falling down; it is staying down.

Ready for another secret? It's all about being positive about failure.

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A successful business is always trying new things—like trying to sell new products. But not every new product is successful and managers of a good business learn from failure.

“Trying new things” and knowing that you will make mistakes in life is important to understand—because today's failure can lead to tomorrow's success!

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Think about it: What wonderful things could you do in life if you knew you could not be stopped by failure? Failing is not falling down; it is staying down.

And that's exactly what Elena learned when she raised a potbelly pig named TRUFFLES for the Fun Farm Yard Contest!

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At first, Elena was confident and very organized. She created a simple budget on her smartphone to keep track of “pig food,” “pig grooming,” and “pig training.” Unfortunately, Truffles became very, well, “piggish.” Elena couldn't find a food her pig liked, or the right bath shampoo, or even the proper pig toy, so she panicked about losing the contest.

She dashed over to Pet's Pete Shop where PETE was having troubles of his own. He ...

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