Feel free to fail
Feel free to fail! Failure is a normal part of life. Setbacks happen. It is critical you do not deny your team, or yourself, this unpleasant but important experience. Failing is one of the best ways to learn. It provides the clearest opportunity to examine where the team missed, or the skill sets need to be improved. You are doing yourself and your company a disservice if you deny your company this opportunity.
When you refuse to let your employees fail, you are stripping away any possible sense of ownership from them. You become the decision-maker for everything. Your employee's performance will accelerate beyond measure when you allow them to step up, promote their ideas, take charge, and fail without being fired. You will foster a resilient workforce; which is one of the most important elements of success for any company today.