In social life, it is a word that is not so good to hear. Failure is not something you like, and an event that everyone does not want. We can not deny ourselves, who obviously still prefer to see successful people instead of seeing people who fail, not even liking those who fail.
So, if you are an entrepreneur who fails in business, then do not expect people will praise you.
Do not expect anybody around you or your relations will understand why you failed. Do not expect you are not to blame. Do not expect all friends to stay around you anyway. Do not expect you will get moral support from other friends.
Do not expect anyone to lend money as a temporary relief. Do not expect banks to lend further.
Why do I paint such a bad picture for a failed entrepreneur? That is how our society tends to praise the successful and the victorious. Conversely, blasphemy is defeated and fails. We should change such a culture, and give everyone a chance at the second opportunity.
In my experience, when people fail, there is no point in being gloomy and thinking of failure. But need to find the cause. And instead we should be more challenged again with the business we are experiencing that experience the failure. I myself prefer to use that failure or negative experience to find new forces in order to achieve success again.