How to rise up when business fails.

[Ganibade]

Downfall of a man is not the end of his life. This is the prverb that suit a person that fail in his business, as a result of one problems or the other. When somebody fall down as a business man, he must know exactly what course is fallure in that particular business and how to rise up to his feet to continue his business appropriately. That is why when you are doing a business, you must not copy or follow the the foot steps of anybody. And it is good for a business man to have a mentor to follow and seek advice when business is on, so as to avoid falling of the business. It is good advise to seek knowledge if somebody want to start business. And know how to select a good employee and also a good manager, before you start your business. You must try to employ a good security, that will secure life and property of your company. Security can make the company to fall down when they join hands with the staffs to steal company's properties.

 

[Rachael]

There are many ways you can rise after the decline or fall of a business. The fact that a business fails does not in any way mean that the business owner is a failure. Failure should be taken and seen as a place of greater opportunity for more creativity and innovation. Failure in a business should be regarded as part of learning experiences and with that, an entrepreneur can rise back on his feet without fear. The fear of failure or people regarding business owners as failures and incompetent has made so man y entrepreneurs choose to remain in their static business which is declining more even passing day, but this should not be the case. It is not a crime to give up on businesses when you have put in your best in seeing that the business resurrects but it fails to. This mindset should be changed because it has made so many people not to progress because of the way the think and how the society would view them as being lazy and incapable. A business would always face challenges and the way these challenges are handles would determine the success or failure of it but these failure should not be taken as life threatening because there is always a way out of every odd situation.

 

[Kingsley]

The fall of a business does not translate to the end of the business when a business fails it simply translate to the fact that the owner did not take into cognizant some factors and those factors might have appears inconsequential, but eventually they have show out to be very consequential. Again this things might have happened naturally. In the face of a fall or failure in business one should try as much as possible to go back to the drawing board to see where the problems might have emanated from and ensure that such loops and lose ends are sealed completely.

Although it be difficult to rise back to your precontractual position over night, but with time and all the lessons learnt from the previous errors one will certainly bounce back even much stronger and better. And before you know it all we return back to the way it use to be if not more better than before.

So it will do no one any go to dwell on the past as the past is already gone, it will be best to forge ahead and see what thr future brings. That is the way to overcome such challenges .

 

[Kendy]

Business failure is obviously not the end of life. There are many business owners who recognize when the business has crumbled but because of wanting to keep hopes alive as an entrepreneur who never gives up, there is no way they will detach themselves from their dead businesses to other ones. It should be noted that, it is okay to fail and by failing, it does not explicitly mean that you are a failure. It means that you just gained more learning experiences that will help you boost the next venture you would kile to engage in. When a business failure happens, you should try as much as possible to see it as something that can happen to anybody and this does not mean that you are incompetent. However, there are some cases where a business tends to crumble because the business owner did not have a good and feasible business plan. When once a business plan is faulty, there is high possibilities that the business will dwindle and this is because, the business was not deeply rooted on a good foundation. Standing tall after a business collapse is one thing a lot of people fail to do, but this can be achieved through determination.

 

[Abee111]

If you fall in a business dose not mean you will not make it in life again. And before you enter into any business, just know that you are ready to bear any risk in it. For any business without a risk is not a proper business.
There are so many ways you will rise after the downfall of your business. Have a a good plan for your business, you need to have a feasibility study on the business, and make sure what makes that business to crash dose not repeat it self. So also make a good management of it, treat your workers nice be a good leader to them and be supervising each of them. Customers are very important parties in your business. They play an important role in any business. So make sure your customers demand are meet by your workers. Don't treat them harshly. Always hear a feedback from them on the services rendered to them by your workers. And if there is any way a worker treat a customer badly, make sure you tackle it before they leave the environment. Treat your customer as a king. With the little point here, am petty sure that if one following them, they will be changes in your business.