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Is it right to quickly start a new business, after one fails.
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[QUOTE="TOZZIBLINKZ, post: 271525, member: 37528"] Sometimes environmental factors and unknown factors could be the reasons why a particular business organisation fails. The business owners who was in charge on the management of a particular business organisation that later fails may possibly have the intention to establish the business again possibly because he or she has the requisite and sufficient capital to do so. There is nothing wrong with establishing a failed business, but one thing we need to be mindful is that we do not make the same mistake that led to the previous business failure. So in order not to make the same mistake that led to our previous business failure we need to take our time to critically analyse and process what may be the cause why the business failed initially. When we take our time to analyse and critically understand some of the reasons that led to our business failure we will be able to bypass this reasons and factors so as not to fail again. One of the main reasons why many businesses have been able to stay more than a decade in business and yet still making more than usual amount of business profits and income is that the business owners and the business managers of these various successful and prosperous business organisations have been able to successfully bypass those downfalls and negative factors that could affect the business fail. If you do not want to waste your financial funds a second time establishing an initially failed business it is advised you consider and cross check your actions and procedures to make perfection this time. [/QUOTE]
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Is it right to quickly start a new business, after one fails.
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