Admitting your mistakes.

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Admitting that you are wrong can be hard. Mistakes are a vital part of living as it concerns human and when you know that, you will be able to find ways to live with it, instead of not knowing what to do when it happens.
It is normal to fear that people will be angry and frustrated with you, but I believe it is always better to admit than to cover it up.

People will appreciate the fact that you owned up to your mistakes whether as a boss, parent, or friend. You will always be appreciated for the fact that you're willing to admit that you're not perfect and that you're working to improve yourself and the situation.

Admitting your mistakes shows that you are sensible, smart, willing to learn, not stubborn, selfish, or unwilling to not look perfect.

People will respect you more when you are seen as someone who admits their mistakes. No matter how many people you relate with or come in contact with, you will be see and respected for the way you manage situations.
Admitting your mistakes can be hard, but it is necessary that we learn to.