It is one thing to acknowledge defeat. But it is a whole entire thing to take it seriously. Look at it this way. Who has reach great success but never experience defeat in their lives. Most probably, no one. And why is that the case? Because sometimes, try as you may, things do not always go your way. Last minute events can take place and alter the results. But what all of us can always control is how we react to these events or changes. If it is clear that you have been defeated. Promptly accept it and continue your journey in life. Life goes on. People tend to forget that when faced with defeats. Yes, the emotional stress is difficult to get pass. But you need to learn to put things in perspective. So you have failed this time round, think about your next steps. Make plans. Take inventory of your life in its entirety. What will be the next best step? Condition your mind to think this way and you will be on your way to great success.