The term for the fear of failure is "atychiphobia." It is a psychological condition that can significantly impact a person's self-esteem and willingness to take risks. Individuals with atychiphobia may avoid situations where they feel they could fail, leading to procrastination or an inability to pursue goals and opportunities. This fear can stem from past experiences, perfectionism, social pressures, or childhood influences. Overcoming atychiphobia often requires addressing underlying beliefs and anxieties through therapy, positive reinforcement, and gradually facing fears to build resilience against failure.