Rachael
Verified member
As business owners, we are faced with different challenges in business and from my experience and personal research, it is not always the happiness of any business owner to quit his business. The decision to quit a business line, not minding what people or onlookers would say about an entrepreneur comes with excessive thinking from the business owner. Before a business owner decides to quit his business, it means he has thought about it over and over. I have seen situations where a business owner kept incurring losses and at some point, he started loosing customers and when once customers who are the life-wire of any organization is lost, the business can never thrive because customers are the ones to patronize. Their money is what you out for and when that money is not forth coming, it means that something is wrong somewhere. The man in question suffered depression of the stereotype belief that people would take him to be such a failure. He was able to summon courage and quit the business but the next time he set up a business after 2years interval, he went back to re-start the very same business that failed but was in an entirely new location.
From my observations, I think, he had gone back to his business plan to recheck and re-strategize on new and creative means to revive a dead business but in a new style and a new agenda. Till today, the business is booming and from all angles, this time, the business has really come to stay. Well, people would always talk both positive and negative and so was the case when the man set up the same business but in a new dimension. Most people had said that he should have done something else, which makes me ask, would you start the same business again if you failed to make it successful?
From my observations, I think, he had gone back to his business plan to recheck and re-strategize on new and creative means to revive a dead business but in a new style and a new agenda. Till today, the business is booming and from all angles, this time, the business has really come to stay. Well, people would always talk both positive and negative and so was the case when the man set up the same business but in a new dimension. Most people had said that he should have done something else, which makes me ask, would you start the same business again if you failed to make it successful?