Actually failing in a business is doesn't mean that it is the end of the business but means that you didn't get something right which if you get right it is going to make the business successful.
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Actually failing in a business is doesn't mean that it is the end of the business but means that you didn't get something right which if you get right it is going to make the business successful.
Some people think that business is something that you open up and then start to learn on it. It never works like that and in most cases, such business crumbles.Well, I actually think that it is always a good idea to know the business properly before starting it. This way, you will minimize your chances of failing. It is always better to get some experience before starting the business.
That is very true the first thing that should come into your mind is what make me to fail in the first place,and for me I wont even bother myself starting same business again I will rather look for some other set of business and abandon the old one,because same mistake may repeat itself againYes I will. But first I need to know what makes me to fail in the past and correct it. I will also have a solid plans for the business to avoid failures.
I didn't think you need to abandoned the business.you need to know your mistakes and correct them. take back the business and continue.but leaving the business won't be a good idea.That is very true the first thing that should come into your mind is what make me to fail in the first place,and for me I wont even bother myself starting same business again I will rather look for some other set of business and abandon the old one,because same mistake may repeat itself again
I might start the same business again but this time I must have learnt more about the business, acquire neccessary skills that I haven't gotten before. Reflect and learn from past mistakes and build on new strategy to enhance the business.Being successful or failing is a part of life. However, would you ever start the same business again if you become unsuccessful and fail to run it in the first place?
One of the things that make a lot of persons to fail is lack of exposure and experience,managerial expertise is also one of them,then financial recklessness and no strategy of aquring customers,if i have learnt my lessons,i will definitelly go back.It depends on what I am able to realise from what led to the failure in the first place, if the failure cod have been have been avoided since I have the experience then I would try again.
Being successful or failing is a part of life. However, would you ever start the same business again if you become unsuccessful and fail to run it in the first place