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Re-starting The Same Business After You Failed - Right Or Wrong?
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[QUOTE="Jasz, post: 227530, member: 61772"] "Am I allowed to re-start the same business after I failed?" The answer is definitely yes, but there are a few things you should keep in mind. First, think about why you failed. Was it because you didn't have enough money? Was it because you didn't have the right product? Did you not have enough customers? Did your customers not like your product? Did your customers not pay on time? Did you not get paid for your work? Now that you know why you failed, take some time to really think about what you can do to avoid making those same mistakes again. It's also critical to do some research before starting up again. Look into your market and find out as much as you can about what's going on right now. Obviously, there are going to be some things that are different than they were when you first started your business, so make sure these new things will work with whatever changes you plan on making to improve your business model. You can also reach out to other people who've been through the same situation. Oftentimes the best advice comes from people who've had similar experiences, and they can give you good ideas. [/QUOTE]
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