I can remember a time in my life when I thought people who apologized were weak and insecure and now I realize its just the reverse.  If your character is strong enough, you can always be ready to admit you were wrong and sincerely mean it.  Cary Nieuwhof nails it on why its important and how it should be done:

“You probably have a love/hate relationship with apologies.  You appreciate it deeply when others apologize to you.  But you find it difficult to apologize to others.  And let me guess, when you do apologize, you’re tempted to explain, justify or defend your action.”

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