One time, I was being interviewed for a job, and was asked the question "When was the last time you failed?"My reply wasn't the most politically correct one (and neither did it ensure that I was going to get the job), but it was real and as simple as "I haven't."

And I truly believe that I haven't failed because if I take failure as an opportunity to learn from my mistake and try to improve it, then it's progress. In my opinion, it's failure when the same thing happens and instead, you give up.

Instead of throwing yourself in the pit of dejection, it is wiser to analyze your shortcomings and try to work on them. Reflecting on your shortcomings will help you get the most of a "failed" situation. It is obvious that you can't change what's already happened, but you can certainly monitor what will become of you.

To recognize your weakness is just as important as feeding your strength.

This is the perfect time to take responsibility for what you did (or didn't do, for that matter), and take necessary steps to overcome the situation.

It is human to experience feelings like guilt, fear, and loss of confidence. But one must also realize that emotions are nothing but pawns of the human psyche. Your brain doesn't control you, but it is you who controls your brain. Once you're aware of that, it's much easier to look at what happened through a different lens. But that also doesn't mean that you should completely overlook your "failure" and quickly get over it. You should give it time to sink in, instead of blaming someone else and coming up with excuses.

Your knees might have been bruised from the fall, and your clothes may have soiled due to the impact of the ground; but these are not disqualifying factors. It is all up to you if you choose to leave the field, or try to catch up in the race.

Jay Mandel is The founder of The Collective NYC, a marketing consultancy. You can engage with The Collective NYC on Instagram. This post expresses my personal views and my personal views are directly connected with my employer because it is me :-)

Jay is the guest on Episode 2 of Leo Morejon's Build & Inspire Podcast. Join me as I share personal stories of why and how I built The Collective NYC. Have a listen!