You can wait for as long as the business is still in existence.failure one time in a business does not mean you will continue to fail in the business
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As for me I would never advise anyone to abandon a failed business because no matter how failed that business has been it has a potential of being successful with the right strategy and plan to reinvigorate the business back to success.I would not advice to stick with a failed business that despite all efforts could not be resuscitated, it is better to just let go and move on.
Just be careful it is not a business that is waiting to bloom tomorrow and not today, and be sure your are not the one after quick profit and thereby killing the businessIt depends on the scenario, if you think the business will not lead to anywhere in the future why hold on to it? But if you feel the business has a better future prospects then stick to it
If a location of the business is actually the problem why the business is not making a reasonable profit then there is no how one will be able to do it than to abandon the location.If a business is not working then there is something that wasn't properly planned or not even planned for so it's not to sell but fix the problem
That is why we are higher animals, we have complex reasoning and can do anything we set our minds too. If location is the problem then working with logistics companies to get you your needed materials faster could be an optionIf a location of the business is actually the problem why the business is not making a reasonable profit then there is no how one will be able to do it than to abandon the location.
Yeah, right. One should do all means to fix a problem in business and not give up early. Most problems usually start from the planning stage and so you should check the wrongs you did and correct them.If a business is not working then there is something that wasn't properly planned or not even planned for so it's not to sell but fix the problem
It does not have a specific time of before giving up on the business,if the business is not moving as you expected then the person should quit and look for another business to do ,that's all.What is the ideal time we should wait, if there is no progress in our business?
Is it a good idea to keep on doing it for a few months, even if there is no profit? My uncle had kept his business for almost close to 4 years before giving up on it. Now, he regret for wasting all those years. So, I have been thinking about it a lot these days. Do you guys have any advice for me? If so, please do share it here.