Bangalore: Successful people always tell in their stories that they have failed a number of times. The only difference between ordinary people and successful is the approach with which they tackle these failures. Failure of any kind can surely slow down entrepreneurs, but it doesn't have to spell disaster. Entrepreneurs are capable of picking up the pieces and come through failures all with a strong self-image.

Here are five rules that an entrepreneur can follow when hit by a failure according to Bill Bartmann of Entrepreneur:

5. Don't pretend it never happened

Many young entrepreneurs are often so concerned to avoid the disgrace of failure that they refuse to admit what has happened to them. Denial mostly results in a lot of other problems, including internal stress and delaying any effective solution.

The late Dale Carnegie, a well-regarded lecturer and author of the bestseller "How to Win Friends and Influence People" said, “when you're quick to admit that you screwed up, your peers will stop holding your feet to the fire and actually begin to comfort you.”