What helped you cope fine when you experienced series of losses during business starting point??

[Eodine]

You're welcome. I love interacting with people, and aiding my view about what bothers me the most, so people here will guide me through their wise words. The things I've learned from different forums I've been into, have helped my offline business to grow. I'm just looking forward to create one online, and drive more income together with my offline type.

And you definitely would get the necessary information you're looking for for your online business, as I'm sure that the pool of diverse knowledge here can help you with any information you need. I am just starting to consider offline investment, do you have any suggestions?

 

[Sincerem]

Well i think what helped me was hope, faith and believe that things happen for acquiring knowledge not just happen although its will affect you one way or the other.
*Quote of today*

People will judge your intentions, your behaviour, your ability, but don't come down low to there idea. You the best of yourself

Post automatically merged: Apr 3, 2021

Well i think what helped me was hope, faith and believe that things happen for acquiring knowledge not just happen although its will affect you one way or the other.
*Quote of today*

People will judge your intentions, your behaviour, your ability, but don't come down low to there idea. You the best of yourself

Hope, faith keeps us going when things aren't going well for our business. When you're hopeful that tomorrow will bring the best through persistent hard work and bind it together with faith surely that business success gonna come one day.

 

[Justin]

I do not have experience with a business. I don't have a business because I do not have funds and I have to rely on allowance to pay for my hostel bills and tuition fees. I think when you start a business, you also need to have an exit plan.

 

[Sincerem]

I do not have experience with a business. I don't have a business because I do not have funds and I have to rely on allowance to pay for my hostel bills and tuition fees. I think when you start a business, you also need to have an exit plan.

If you're not a business owner, that means you work white collar job, i guess right?? Capital have really caused one to drop their business plan. But through long term savings, you can achieve just that.

 

[richee84]

It is always very difficult to make profit at the early stage of a new business cause it has not get market recognition. The looses during the early stage should be expected and measure should be put in place manage such looses till the business overcome the challenges and recover.

 

[Mostee501]

I believe that is why it is very important to draft and work on a business plan,before starting any form of businesses. My business strategies helped me, couple with changing and modernising some of the strategies when the need arises due to natural changes.

 

[Sincerem]

It is always very difficult to make profit at the early stage of a new business cause it has not get market recognition. The looses during the early stage should be expected and measure should be put in place manage such looses till the business overcome the challenges and recover.

During the early business time, struggles emerge. But when we are determined, we can keep going slowly till that dream becomes attainable. Only those that gives up on business, are tagged failures, the persistent one is never tagged such.

 

[Justin]

In order to save money, you need consistent earning. You cannot start saving when you live on allowance. I have tried part time jobs which helped me to pay of my student debt but I did not earn enough to start saving.

 

[FreshKaz11]

I know how it feels when you succumb to series of losses during your business endeavour. I have experienced lots of discouragement when i started my offline business earlier. Some friends doubted my business that it will break down half way, cos i wasn't making profit back then. It happened cos I was just starting newly, things never balanced as at then. I lost some cash during the gradual integration of the Business. But that didn't make me stop halfway, just as my friends wished. I was very determined, eager with vision that i will achieve business success. That helped me to shrug off early doubt and failures I was having back then. Its been 2 years now, I'm still going strong in my business. Still hoping to exploit new height by expanding my offline business to a bigger one and even introduce it online.

What business strategies helped you to stand firm and move your business initiative forward, when you experienced series of losses at the starting point??

If am experiencing some looses in my business I keep going and motivate myself by thinking of how I start the business in the first place and so many obstacle I came across while starting the business. So thinking about that motivate me to keep on doing it because I could see the bright future in it.

 

[Deebabs123]

In any business someone will surely pass through business lost in any form,but you won't let any little challenge to destroy your achievement
With many businesses forced to close shop temporarily or permanently owners and employees have been left in difficult situations both emotionally and financially.
And while the light at the end of the tunnel may seem dim for now, all hope's not lost.
There are steps you can take to get back on your feet.

 

[Sincerem]

In order to save money, you need consistent earning. You cannot start saving when you live on allowance. I have tried part time jobs which helped me to pay of my student debt but I did not earn enough to start saving.

If you plan yourself well, curtail your spending, and want. You'll find something tangible to save from your part time job. Their is nothing adequate planning can't bring for you. If you plan well, you'll achieve your saving goal.

 

[Noor khan]

I know how it feels when you succumb to series of losses during your business endeavour. I have experienced lots of discouragement when i started my offline business earlier. Some friends doubted my business that it will break down half way, cos i wasn't making profit back then. It happened cos I was just starting newly, things never balanced as at then. I lost some cash during the gradual integration of the Business. But that didn't make me stop halfway, just as my friends wished. I was very determined, eager with vision that i will achieve business success. That helped me to shrug off early doubt and failures I was having back then. Its been 2 years now, I'm still going strong in my business. Still hoping to exploit new height by expanding my offline business to a bigger one and even introduce it online.

What business strategies helped you to stand firm and move your business initiative forward, when you experienced series of losses at the starting point??

Well I can always say when you are just starting out as a business person, things are going to be tough. This is because your business store is still relatively new, so there won't be much awareness and popularity at first. But this is the stage where we need to be strong and resilient, we should not give up if we feel like we are not getting the returns we expected. It takes time, and when that time eventually comes, we will be happy we didn't give up.

 

[Sincerem]

If am experiencing some looses in my business I keep going and motivate myself by thinking of how I start the business in the first place and so many obstacle I came across while starting the business. So thinking about that motivate me to keep on doing it because I could see the bright future in it.

That's a bold step you've taken in your life to keep the business going forward. By the way dear, what type of offline business are you managing at the moment??

Post automatically merged: Apr 5, 2021

Well I can always say when you are just starting out as a business person, things are going to be tough. This is because your business store is still relatively new, so there won't be much awareness and popularity at first. But this is the stage where we need to be strong and resilient, we should not give up if we feel like we are not getting the returns we expected. It takes time, and when that time eventually comes, we will be happy we didn't give up.

Yeah, we should keep pushing, and remember their is no point given up. Because under serious of challenges any time, but more during start up. Because it is new, with high objective to make gains and cover the cost of starting it.

 

[Nomad]

When I started a business, I always had an exit plan. My exit plan was basically "the things I was going to do if my business failed." My exist plan included: trying to make the business work again by investing more, inviting new partner, or liquidating the business.

 

[Sincerem]

When I started a business, I always had an exit plan. My exit plan was basically "the things I was going to do if my business failed." My exist plan included: trying to make the business work again by investing more, inviting new partner, or liquidating the business.

Your exist plan is encouraging indeed. One need to have an exit plan incase the business tumbles at some point. The question will be, how can i revive the business, if their is dip in the business? The right answer is to have reserve funds to inject into it, when it fails to be productive at some point.

 

[Nomad]

Sadly, when my businesses failed, on the third option, liquidating the business, was available to me as I could not find new investors and I was also not in a position to invest more in my failing business.

 

[Sincerem]

Okay, you felt skeptical if you invested again in the business, it might still fall and not yielding the kind of results you want. You know, its never easy to run a business for many years and become successful at it. You need to sacrifice a lot, take some calculated risks, understand the business well.

 

[Setho]

One of the things that has steady helped me in business is that I like to take it little by little and I do a lot of evaluations and that has helped me to steady avoid loosing part sums of income. But on the events I was careless or things didn't go down as planned, I resort to family and my friends for solace.

 

[Josemendez]

I know how it feels when you succumb to series of losses during your business endeavour. I have experienced lots of discouragement when i started my offline business earlier. Some friends doubted my business that it will break down half way, cos i wasn't making profit back then. It happened cos I was just starting newly, things never balanced as at then. I lost some cash during the gradual integration of the Business. But that didn't make me stop halfway, just as my friends wished. I was very determined, eager with vision that i will achieve business success. That helped me to shrug off early doubt and failures I was having back then. Its been 2 years now, I'm still going strong in my business. Still hoping to exploit new height by expanding my offline business to a bigger one and even introduce it online.

What business strategies helped you to stand firm and move your business initiative forward, when you experienced series of losses at the starting point??

Whenever I remember the reason why I started , and how far I have gone , I don't see any reason to stop . It is not easy though but with persistent, we will surely conquer.

 

[Shigobad2020]

What helps me move ahead, when ever I experience a down time is not to make the same I made that makes the error occur and leads to failure or losses,all I do is do not rush into any business hurriedly,I will take my time and ensure it is safe.

I have many reasons to cope with situation like that even when I have lost so much, I always think ahead in life that if I decided to stay down , then I am defeated permanently, but I decided to forge ahead and hope for better tomorrow, there was an adage that makes me move forward in life, "Rome was not built in a day".