CALVINDOL
VIP Contributor
In the process of establishing businesses and implementing business ideas in order to satisfy the needs and wants of members of the public and also in order to make profit and earn a living most businesses being established and implemented tends to fail, and according to studies and research it is always as a result of unplanned business factors determining the business prosperity and success that usually lead to most businesses failing. Although there is absolutely no business owner that wishes for his or her business to fail, but we cannot guarantee the prosperity and the success of all established and implemented business ideas because most businesses seems to prosper and most businesses seems to fail. Having in mind that business failure is possible if a particular business owner doesn't plan well, hence it is absolutely important to ask whether it is right for an individual to immediately re-establish a failed business?
Well in my own perspective and view there is absolutely nothing wrong for an individual to re-establish a failed business, but in order to be successful and prosperous this time, it is better for the individual not to rush things, but rather first of all consider the reasons for his or her business initial failure, his or her actions and next step towards the business will establishment totally depends on how efficient and successful he or she is able to identify these problems and given solutions to them whenever they occur.
Well in my own perspective and view there is absolutely nothing wrong for an individual to re-establish a failed business, but in order to be successful and prosperous this time, it is better for the individual not to rush things, but rather first of all consider the reasons for his or her business initial failure, his or her actions and next step towards the business will establishment totally depends on how efficient and successful he or she is able to identify these problems and given solutions to them whenever they occur.