how do you bypass setbacks in business

Wisdom01

Valued Contributor
Many times . business do face setbacks that might want to slow the continous operation of the business and instead of fast progress that would improve and increase the profitability of the business ,instead the business would start having slow progress in development and many more ,I have personally started a business and loss instead of profit in the cost of running the business because my main objectives in the business was to make profit ,as I was only focused on improving the business ,but at the end things didn't end up I the right was as I expect it to end ,so what are those particular setback that affect and hinders a business growth I would love to know them and possible ways to bypass those setbacks incase I its been encountered again
 

Chibson

VIP Contributor
Anyone who wants to venture into any business should know that there are difficult times in business when you need to press forward even if everything seems not to be working. It's therefore important to also have some savings in case the business experiences some financial difficulties.
 

Lens1000

VIP Contributor
Running business need a lot of planning and planning. If need be that you plan for 5 years before starting up, do it . A clear, quality plans translate to a better and robust business.
During the planning stage, you must have set the entry and exit trading options for yourself. If you do this, it will be very difficult to fall when you start
 

Kingsley

Valued Contributor
The best thing we can always do wheneverwe have a task to carry out ahead of us is to prepare adequately for the task ahead. Proper Preparations is key to succeeding in any business, one must also be honest and dedicated. Business requires patient and skills to grow it.so to break setback we must acquire the right skills.
 

btaliat

VIP Contributor
Running business takes a lot of courage and determination. The fact is that most time, the starting time in business is always the most difficult time. It comes with different experiences that are aliens to the business owners. The only thing to do is to check the reason for the setback and then work towards hiw to prevent the setbacks.
 
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