Try our course finder tool

Bouncing back from a setback

Everyone faces setbacks at certain times, some bigger and unexpected than others. The question is: How do you bounce back from these and get yourself back on track?

Everyone faces setbacks at certain times, some bigger and unexpected than others. The question is: How do you bounce back from these and get yourself back on track?

Sometimes setbacks can be out of your control and aren’t a personal reflection on you. If this is the case, try to stay positive. They’re only temporary and you can get through them. When experiencing a setback, keep in mind the following tips to help you through.

  1. Let it out and let it go

Allow yourself to feel the downside of making the mistake but be sure to move on from the situation. We all have bad days; be rational … you’re not a failure. Be gentle to yourself.

  1. Swallow your pride and listen to your body

We all have a competitive streak in us and we tend to take mistakes personally. Remember, you need to make a mistake in order to learn and better yourself. Cool off and take a walk or grab a coffee. Face the music with humility, confidence and a centred state of mind.

  1. Surround yourself with people who will elevate you

Unfortunately, there’ll be people who’ll revel in your mistakes as it creates validation for themselves. Surround yourself with positive people who’ll encourage you to do better and help pick you up from your setback. Those who want the best for you will be there for you.

  1. Find progress in the mishap

It’s important to recognise how far you’ve made it. You’re not where you are now without everything you’ve learn and accomplished. The setback you’ve experienced just means you have much more to learn and strive for. At times like this, you really have to get back on the horse and ride on.

  1. Good days vs. bad days

We perform better on some days than others. It helps to assess our self-state on a daily basis and scope out what we can handle that day. There’s no point taking on a big project and committing to something if you know you’re not capable. This includes skill, knowledge, mental capability and confidence at the task at hand. Make it known to your manager or team and see where they can help you out.

  1. You’re your worst critic

At the end of the day, we have to build ourselves up. We’re our biggest obstacle. Ultimately, it’ll be your choice on how to move forward. Don’t discourage yourself, as you wouldn’t discourage your colleagues or friends on their abilities as a person. Take your own advice that you give to your colleagues and friends: “You’re good enough, you’re great and you’ll do amazing!”

In summary, the following steps should be taken with your colleagues and stakeholders affected by the setback:

  1. Identify the specific setback and rationally analyse what has happened
  2. Recognise what implications the problem may have and ask for feedback
  3. Establish possible solutions and move forward

Finally, it’s important to redefine what a setback means to you. They should be seen as a measurement of where you can grow, further learn and better yourself to be the best you can be.

Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Programs you might be interested in

CRS1200364

Master of Applied Finance

A leading online postgraduate degree for professionals seeking advanced finance expertise. It blends academic rigour with practical, real-world learning that's immediately applicable in the workplace. Designed for both experienced practitioners and career changers, it offers specialisation options and pathways to prestigious credentials such as the CFA®. Ideal for those looking to future-proof their careers in dynamic finance environments.
CRS1300149

Master of Financial Planning

A FAS-approved postgraduate qualification at AQF Level 9, developed with input from industry experts. It blends advanced technical rigour with practical, performance-focused learning that is immediately applicable. The course supports pathways to the Certified Financial Planner® (CFP®) and SMSF Specialist Adviser™ (SSA®) designations, while also offering the option to add specialist credentials such as the Accredited Behavioural Finance Professional℠ (ABFP®) and Chartered Retirement Planning Counsellor℠ (CRPC®) to showcase expertise in targeted advice areas.
CRS1200365

Graduate Diploma of Applied Finance

This eight-subject qualification allows individuals to specialise or follow a generalist path aligned with their professional interests. It strengthens critical finance skills and supports progression into more senior roles. Whether preparing for a leadership transition or deepening technical knowledge, it provides the flexibility and relevance needed to advance a career in applied finance or continue toward a Master's degree.