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Editor's Note: A Defining Moment Bad things happen. Emerge from these times as a better version of yourself.

By Amy Cosper

Opinions expressed by Entrepreneur contributors are their own.

Nothing can prepare you for the moment you have nothing, especially if you had everything before. Maybe, even, everything you ever dreamed of.

Maybe you made millions and lost it all in a day. Maybe you were the CEO of a Fortune 500 company and got canned after a poor earnings report. Maybe your company just can't eke out its financials, and it's time to shut 'er down. Or, maybe your line of credit got shuttered, rendering growth impossible. These are defining moments in business. For every moment of glorious IPO bliss, there are indelible tales of loss.

How we recover and rebuild from these moments is what determines our character, integrity and potential. For entrepreneurs, rebuilding is part of the script. Starting over, either by choice or due to forces beyond your control. Failure may occur, but it's never the end of the story.