There are many people who believe in never giving up and i think that it is a great thing. However, there comes a time when you start realising that certain business might not be for you. This means that you may quite that business. However, should you try a business again and again even after failing?
Should you try again and again after failing in business?
- Thread starter Passiveearner
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I think the key to this is understanding your situation. There are certain times giving up might just be the answer, while there are times where consistency is key. If you are at your limit, i would advice you stop and focus your energy on other things.
That depends on how many times you have tried and failed. Constant failure may mean something's wrong with your business idea or you are not running the business properly. I may do some self reflection before trying again.
If a business failed and you know the cause of that failure, you should try to proffer solutions. Sometimes, our stars may not align with a particular business. Therefore, there is need to look inward.
I believe if you start a business and you end up with it failing and you decide to start another business and that one too fails then it may be wise to take a step back to see what may be going wrong in the businesses that you start up. Some things I will agree that if you fail you should try and try again such as learning but with something like a business that you may need to put money into if it keeps falling then something somewhere isn't right and you need to find out what instead of keep putting money into it to just lose out in the end.
