What can you do to prevent making a loss?

[Good-Person]

Where I used to work, my boss always have us scheduling our stock inventory every weekend to make sure that nothing is missing from the company and if any product is found missing, the workers will pay for it. It helped us to prevent losses in the company.

I used to work in a telemarketing firm. We never need to take care of any inventory. However, our boss always used to get mad at us for not being "good enough".

 

[MikolajLawson]

As a business owner or someone planning to start a business, it's essential to take measures to prevent shrinkage and loss, which can significantly impact your profitability. Install security measures: Install security cameras, alarms, and other security measures to deter theft and unauthorized access. Ensure that your security system is regularly maintained and updated.

 

[Heatman]

I used to work in a telemarketing firm. We never need to take care of any inventory. However, our boss always used to get mad at us for not being "good enough".

It is one of the ways those business owners try as much as they can to make sure that their workers are always attentive to things that are happening in the company because if they relaxed, most workers will not be able to give their best.

 

[Good-Person]

It is one of the ways those business owners try as much as they can to make sure that their workers are always attentive to things that are happening in the company because if they relaxed, most workers will not be able to give their best.

I think that this is also one of the reasons why I think that being a boss and the owner of the business is not that easy at all in the first place because you may need to monitor the performance of your employees.

 

[Lens]

Preventing losses involve ensuring that you maximise the production of the business. Getting acquainted to the risk that is involved in a business would also prevent loss to the barest minimum.

 

[Good-Person]

Preventing losses involve ensuring that you maximise the production of the business. Getting acquainted to the risk that is involved in a business would also prevent loss to the barest minimum.

It could be a really hard thing to prevent losses, especially when you are trading. When you trade, you need to make sure that apply the right kind of investment strategy such as hedging.

 

[Heatman]

I think that this is also one of the reasons why I think that being a boss and the owner of the business is not that easy at all in the first place because you may need to monitor the performance of your employees.

Running of a business isn't easy at all. It's part of the reason why some people would be interested in only working for other companies or businesses. They don't have the willingness to bear the responsibilities of owning a business.

 

[Ayojesu]

Losses are inevitable, all you can do is to learn to manage them well, and make more profits in turn, that is how to sustain productivity and growth in a business

 

[Heatman]

Losses are inevitable, all you can do is to learn to manage them well, and make more profits in turn, that is how to sustain productivity and growth in a business

This is very correct and it is why you have to do everything to try as much as possible to avoid encountering such losses in your business. The most painful kind of losses are the ones that you incur for your business carelessly.

 

[Genie01]

I believe if you have a good plan it will help you in preventing loses, knowing the right time stop is very important, a lot of people failed because they don't know where there breaking point is.

 

[Good-Person]

This is very correct and it is why you have to do everything to try as much as possible to avoid encountering such losses in your business. The most painful kind of losses are the ones that you incur for your business carelessly.

I have made losses in the past when I traded online. However, the fact remains that I think that I could still make money if I create a better plan and strategy. Risk management and loss prevention strategies are important for all the traders.

 

[Shigobad2020]

Though there are some uncalculated risk that we normally takes when doing business that might sometimes lead to loss in business , so we have to be extra careful by making the neccesary research before investing in any business .

 

[Heatman]

I have made losses in the past when I traded online. However, the fact remains that I think that I could still make money if I create a better plan and strategy. Risk management and loss prevention strategies are important for all the traders.

When it comes to trading on cryptocurrency or even Forex trading , there is no way you will not encounter losses from your trade every now and then which is why it is very important for you to set the amount of money you are willing to lose in any of your trade.

 

[Lynaia]

To be honest i don't really know what i can do to stop lossing in whatever i'm doing but i always make sure i give my best in whatever i want to do and accept any outcome

 

[Good-Person]

When it comes to trading on cryptocurrency or even Forex trading , there is no way you will not encounter losses from your trade every now and then which is why it is very important for you to set the amount of money you are willing to lose in any of your trade.

Forex trading and cryptocurrency trading might be quite risky and this is the main reason why it is important to make sure that you create a proper strategy or never engage in trading if you are not able to create a strategy.

 

[Heatman]

Forex trading and cryptocurrency trading might be quite risky and this is the main reason why it is important to make sure that you create a proper strategy or never engage in trading if you are not able to create a strategy.

That is very correct because I wanted to jump into the project when I didn't have enough information and I suffered some series of losses. It's the reason why I had to go back to learn it very well before I made another step into it.

 

[Nomad]

Sometimes you also make a loss when the market is down (not your fault, or the product's fault). Despite having the required skills and knowledge, it is impossible to remain successful always.

 

[Good-Person]

That is very correct because I wanted to jump into the project when I didn't have enough information and I suffered some series of losses. It's the reason why I had to go back to learn it very well before I made another step into it.

Are you talking about cryptocurrency projects? I have also invested money in many Hyip sites and suffered a lot. I no longer invest in such kind of projects and this is why I am looking forward to invest in trading opportunities.

 

[Heatman]

Are you talking about cryptocurrency projects? I have also invested money in many Hyip sites and suffered a lot. I no longer invest in such kind of projects and this is why I am looking forward to invest in trading opportunities.

Yes I am referring to both cryptocurrency project and also forex trading project. This is because those are actually something that I was very interested in being into for a very long time but because of lack of knowledge, I had to suffer losses.

 

[Good-Person]

Running of a business isn't easy at all. It's part of the reason why some people would be interested in only working for other companies or businesses. They don't have the willingness to bear the responsibilities of owning a business.

Well, if people are not ready to take responsibilities, then they must not be surprised in case if they suffer from losses in business. The fact of the matter remains that a businessman should take responsibility.