Leopards lost 3-2 against Free State Stars in Bethlehem on Saturday, to end the Absa Premiership season at the bottom of the table as they received the automatic chop, while Stars secured a top-half finish by taking seventh position.
"We played reasonably well and created scoring opportunities but there was no finishing, which has been our downfall in the season," Chidzambwa said.
"Defensively there was an improvement which is something I hope we can work on next season in the National First Division.
"We have to regroup and fight to regain Premiership status next season and I'm positive we are going to return."
The Zimbabwean said the team's creation rate was a positive sign that they would return to the country's top-flight a better side.
They conceded 63 goals in 30 games, however, and would need to tighten up at the back.
"Our defence needs urgent attention and the high number of goals conceded reflects our weakness," he said.
"The team's relegation is like a funeral throughout the world. Leopards' relegation leaves me with a big disappointment."
Stars coach Steve Komphela said they would take stock during the off-season.
"The season is over and I'm happy we ended well with a win," Komphela said.
"But for us, it means that we have to take stock, conduct an in-depth analysis of our strengths, weaknesses and opportunities of the season as we plan ahead.
"Our defence and strike force are critical departments that we have to beef-up for next season." – Sapa