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How can you prevent losses in business
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[QUOTE="Shaf, post: 284419, member: 25467"] It's important to acknowledge and accept the fact that you will face losses of various degrees when you are running a business. Some people start a business while they are not willing to accept this, then complain every time they lose and even quit because they think the business doesn't work. You should however, learn to identify those losses that are normal and those that mean serious trouble for your business. One way I know that is very helpful to avoid losses is planning well, especially for problems that will come up when you are running the business. It's safe to say that many people don't take this seriously. Some don't account for how they will carry out their marketing to make sales, or extra expenses that will come up in the course of running the business. It's also important to firmly address and solve problems when they arise, not when they have compounded. It's easier to solve one problem, than to solve ten. [/QUOTE]
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