Crisis management requires the presence of mind. It is the presence of the mind that helps one to manage crises successfully. The greatest quality needed for successful crisis management is only one: to forget the first chance you have lost and discover the second chance and avail of it. In every crisis, a person loses the first chance. One obsessed with losing the first chance cannot manage the crisis. The moment you get rid of the first loss, you can easily manage the problem in your favour. This principle applies not only to individuals but also to nations. A nation, too, often loses the first chance. At that time, national leaders should remove people’s focus from the first chance and draw their attention to the second chance. It is the only art of management of a crisis.