I don't think you should have a plan to deal with the failures. We never know that we will fail. We believe that we will succeed and that is why we step out to do something. Instead of planning what to do when we fail, we should just focus on our KARMA, and if we fail, we should not loose hope and just keep moving. Planning is good, but only it is for short term. One shouldn't plan a long way where everything is uncertain. Deal with things on the spot instead of planning for what might take place.

I also wrote this article long time back which depicts how important and valuable failure is. Check it out if you feel like. Here it is titles as - THE BLESSING OF FAILURE.

Keep up the good work. :)