Overcoming failure

Just signed up for the SCS and super excited. So I started watching the Entrepreneur videos and doing the worksheets and my question is about the overcoming failures worksheet. I’ve searched for it, but couldn’t find anyone asking the same question.
On q 4, what’s your failure plan?
I need to plan to avoid the failure that I am predicting? or a plan for when I failure, and what to do if I do failure?